Koshinski Asset Management Inc. acquired a new position in shares of Marathon Petroleum Corp (NYSE:MPC) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,537 shares of the oil and gas company’s stock, valued at approximately $299,000.

Other institutional investors also recently made changes to their positions in the company. Crow Point Partners LLC purchased a new position in Marathon Petroleum during the third quarter worth approximately $128,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the third quarter valued at $135,000. YorkBridge Wealth Partners LLC raised its position in Marathon Petroleum by 7.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 200 shares during the period. BB&T Investment Services Inc. raised its position in Marathon Petroleum by 118.2% in the third quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 1,659 shares during the period. Finally, Cable Hill Partners LLC raised its position in Marathon Petroleum by 886.1% in the third quarter. Cable Hill Partners LLC now owns 3,254 shares of the oil and gas company’s stock valued at $182,000 after purchasing an additional 2,924 shares during the period. Hedge funds and other institutional investors own 80.61% of the company’s stock.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total value of $1,116,585.90. The disclosure for this sale can be found here. Insiders sold a total of 149,854 shares of company stock worth $9,482,177 in the last quarter. Company insiders own 1.05% of the company’s stock.

MPC has been the topic of a number of research analyst reports. Goldman Sachs Group downgraded Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Edward Jones upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Barclays restated an “overweight” rating and issued a $63.00 target price (up previously from $62.00) on shares of Marathon Petroleum in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, October 16th. Finally, Cowen restated a “buy” rating and issued a $60.00 target price on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $70.33.

Shares of Marathon Petroleum Corp (MPC) opened at $71.89 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $35,111.94, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.48 and a beta of 1.61. Marathon Petroleum Corp has a 1-year low of $46.88 and a 1-year high of $72.52.

Marathon Petroleum (NYSE:MPC) last posted 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 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 company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. research analysts forecast that Marathon Petroleum Corp will post 3.76 earnings per share for the current fiscal year.

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

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