Waverly Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 9.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,154 shares of the oil and gas company’s stock after acquiring an additional 2,239 shares during the quarter. Waverly Advisors LLC’s holdings in Marathon Petroleum were worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. State Street Corp lifted its stake in Marathon Petroleum by 0.3% during the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock valued at $2,916,660,000 after acquiring an additional 47,896 shares during the period. Boston Partners boosted its holdings in shares of Marathon Petroleum by 2.3% during the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after acquiring an additional 141,691 shares during the last quarter. Norges Bank bought a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $472,312,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Marathon Petroleum by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,818,361 shares of the oil and gas company’s stock valued at $458,350,000 after purchasing an additional 11,693 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Marathon Petroleum by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,600,191 shares of the oil and gas company’s stock valued at $422,869,000 after purchasing an additional 67,600 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on MPC
Marathon Petroleum Price Performance
Shares of NYSE:MPC opened at $306.58 on Wednesday. The firm’s 50 day moving average price is $270.57 and its 200-day moving average price is $234.97. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $326.92. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $89.50 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.24) earnings per share. Equities research analysts expect that Marathon Petroleum Corporation will post 43.19 EPS for the current year.
About Marathon Petroleum
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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