IFM Investors Pty Ltd grew its stake in Marathon Petroleum Corp (NYSE:MPC) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,416 shares of the oil and gas company’s stock after acquiring an additional 1,726 shares during the period. IFM Investors Pty Ltd’s holdings in Marathon Petroleum were worth $2,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Polaris Greystone Financial Group LLC boosted its stake in shares of Marathon Petroleum by 40,590.6% during the third quarter. Polaris Greystone Financial Group LLC now owns 310,062 shares of the oil and gas company’s stock valued at $24,796,000 after purchasing an additional 309,300 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Marathon Petroleum by 73.3% during the third quarter. Point72 Hong Kong Ltd now owns 19,007 shares of the oil and gas company’s stock valued at $1,520,000 after purchasing an additional 8,040 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Marathon Petroleum by 170.3% during the third quarter. Quadrant Capital Group LLC now owns 3,209 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 2,022 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Marathon Petroleum by 60.2% during the third quarter. First Trust Advisors LP now owns 624,380 shares of the oil and gas company’s stock valued at $49,932,000 after purchasing an additional 234,641 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Marathon Petroleum by 27.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 81,964 shares of the oil and gas company’s stock valued at $6,555,000 after purchasing an additional 17,733 shares in the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

In other news, Director Steven A. Davis purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 16,462 shares in the company, valued at $1,023,936.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Davis purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average price of $62.14 per share, for a total transaction of $217,490.00. The disclosure for this purchase can be found here. 1.09% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the stock. Tudor Pickering upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Morgan Stanley set a $110.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a research report on Friday, October 12th. Cowen decreased their target price on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. Citigroup increased their target price on shares of Marathon Petroleum from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, October 16th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Marathon Petroleum in a research report on Thursday, January 10th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $94.21.

Shares of NYSE MPC traded up $0.03 during midday trading on Wednesday, reaching $64.85. The company had a trading volume of 325,936 shares, compared to its average volume of 4,944,798. The stock has a market cap of $45.66 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.67 and a beta of 1.35. Marathon Petroleum Corp has a 1 year low of $54.29 and a 1 year high of $88.45. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.02. The firm had revenue of $23.13 billion during the quarter, compared to analysts’ expectations of $23.20 billion. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Corp will post 5.84 earnings per share for the current year.

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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, Speedway 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.

Further Reading: Liquidity

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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