180 Wealth Advisors LLC lifted its position in Marathon Petroleum Corp (NYSE:MPC) by 214.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,974 shares of the oil and gas company’s stock after purchasing an additional 7,484 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $638,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MPC. LS Investment Advisors LLC lifted its stake in shares of Marathon Petroleum by 1.4% during the third quarter. LS Investment Advisors LLC now owns 27,016 shares of the oil and gas company’s stock worth $1,641,000 after purchasing an additional 365 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Marathon Petroleum by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 410,893 shares of the oil and gas company’s stock valued at $24,962,000 after acquiring an additional 1,542 shares during the period. Cetera Advisor Networks LLC boosted its stake in Marathon Petroleum by 150.7% in the third quarter. Cetera Advisor Networks LLC now owns 31,009 shares of the oil and gas company’s stock valued at $1,880,000 after acquiring an additional 18,639 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in Marathon Petroleum by 188.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 281,740 shares of the oil and gas company’s stock valued at $17,115,000 after acquiring an additional 183,929 shares during the period. Finally, Stifel Financial Corp boosted its stake in Marathon Petroleum by 17.4% in the third quarter. Stifel Financial Corp now owns 317,385 shares of the oil and gas company’s stock valued at $19,255,000 after acquiring an additional 47,012 shares during the period. 76.09% of the stock is owned by hedge funds and other institutional investors.
NYSE:MPC traded down $0.53 during trading hours on Friday, hitting $57.00. 66,001 shares of the stock traded hands, compared to its average volume of 6,289,067. The firm has a 50 day moving average price of $59.89 and a 200 day moving average price of $57.80. The company has a current ratio of 1.25, a quick ratio of 0.62 and a debt-to-equity ratio of 0.71. Marathon Petroleum Corp has a fifty-two week low of $43.96 and a fifty-two week high of $69.65. The firm has a market cap of $38.86 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.71 and a beta of 1.66.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.33. Marathon Petroleum had a net margin of 2.50% and a return on equity of 8.94%. The company had revenue of $31.20 billion for the quarter, compared to the consensus estimate of $32.89 billion. During the same period in the previous year, the business earned $1.70 EPS. The company’s revenue was up 34.9% on a year-over-year basis. Research analysts predict that Marathon Petroleum Corp will post 4.28 EPS for the current year.
Several brokerages have recently issued reports on MPC. JPMorgan Chase & Co. downgraded Marathon Petroleum from an “overweight” rating to a “neutral” rating and set a $67.00 price objective for the company. in a research report on Monday, December 9th. Wells Fargo & Co upped their price target on Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Morgan Stanley upped their price target on Marathon Petroleum from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, December 16th. Finally, Mizuho set a $90.00 price target on Marathon Petroleum and gave the company a “buy” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $72.60.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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