Polianta Ltd purchased a new position in Marathon Petroleum Corp (NYSE:MPC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,000 shares of the oil and gas company’s stock, valued at approximately $1,385,000. Marathon Petroleum makes up about 0.4% of Polianta Ltd’s investment portfolio, making the stock its 28th biggest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Crow Point Partners LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $128,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $135,000. YorkBridge Wealth Partners LLC boosted its position in shares of Marathon Petroleum by 7.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 200 shares in the last quarter. BB&T Investment Services Inc. boosted its position in shares of Marathon Petroleum by 118.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its position in shares of Marathon Petroleum by 886.1% in the 3rd quarter. Cable Hill Partners LLC now owns 3,254 shares of the oil and gas company’s stock worth $182,000 after purchasing an additional 2,924 shares in the last quarter. 80.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on MPC shares. 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 research report on Monday, October 16th. Edward Jones raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Cowen reissued a “buy” rating on shares of Marathon Petroleum in a research report on Tuesday, November 14th. Citigroup upped their price objective on Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Marathon Petroleum in a research report on Wednesday, January 10th. Six equities research 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. Marathon Petroleum has a consensus rating of “Buy” and an average price target of $70.33.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. analysts predict that Marathon Petroleum Corp will post 3.8 EPS for the current year.
In other news, VP Rodney P. Nichols sold 6,374 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total transaction of $413,863.82. Following the transaction, the vice president now directly owns 74,674 shares of the company’s stock, valued at approximately $4,848,582.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Raymond L. Brooks sold 13,000 shares of the stock in a transaction on Thursday, November 16th. The shares were 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 three months. Insiders own 1.05% of the company’s stock.
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Marathon Petroleum Profile
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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