Marathon Petroleum Corp (MPC) Stake Lessened by Alpha Windward LLC
Alpha Windward LLC decreased its holdings in Marathon Petroleum Corp (NYSE:MPC) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,413 shares of the oil and gas company’s stock after selling 1,232 shares during the period. Marathon Petroleum makes up about 0.5% of Alpha Windward LLC’s portfolio, making the stock its 17th biggest position. Alpha Windward LLC’s holdings in Marathon Petroleum were worth $885,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Zeke Capital Advisors LLC boosted its holdings in shares of Marathon Petroleum by 30.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock valued at $499,000 after acquiring an additional 2,069 shares in the last quarter. Vaughan David Investments Inc. IL boosted its holdings in shares of Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock valued at $9,405,000 after acquiring an additional 602,879 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Marathon Petroleum by 97.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 55,994 shares of the oil and gas company’s stock valued at $3,140,000 after acquiring an additional 27,655 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Marathon Petroleum by 14.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock valued at $166,097,000 after acquiring an additional 362,600 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Marathon Petroleum by 84.5% during the 3rd quarter. Shell Asset Management Co. now owns 57,225 shares of the oil and gas company’s stock valued at $4,845,000 after acquiring an additional 26,212 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, October 16th. Goldman Sachs Group downgraded Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Scotiabank reissued a “hold” rating and set a $75.00 price objective on shares of Marathon Petroleum in a report on Wednesday, January 10th. Cowen raised their price objective on Marathon Petroleum from $60.00 to $79.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Barclays raised their price objective on Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $70.33.
Marathon Petroleum Corp (NYSE MPC) opened at $71.98 on Thursday. The company has a market capitalization of $34,569.82, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.61. Marathon Petroleum Corp has a twelve month low of $46.88 and a twelve month high of $72.48. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. equities analysts anticipate that Marathon Petroleum Corp will post 3.76 earnings per share for the current fiscal year.
In other Marathon Petroleum news, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $62.26, for a total value of $809,380.00. Following the transaction, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders have sold a total of 149,854 shares of company stock worth $9,482,177 over the last ninety days. Company insiders own 1.05% of the company’s stock.
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About Marathon Petroleum
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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