Wealthcare Advisory Partners LLC grew its position in Marathon Petroleum Corp (NYSE:MPC) by 68.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 858 shares of the oil and gas company’s stock after purchasing an additional 350 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Marathon Petroleum were worth $52,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Lincoln National Corp boosted its stake in shares of Marathon Petroleum by 8.6% in the 2nd quarter. Lincoln National Corp now owns 5,089 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 402 shares during the last quarter. Carderock Capital Management Inc. boosted its stake in shares of Marathon Petroleum by 1.4% in the 2nd quarter. Carderock Capital Management Inc. now owns 41,462 shares of the oil and gas company’s stock valued at $2,317,000 after purchasing an additional 588 shares during the last quarter. Next Capital Management LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at $35,000. Buckingham Asset Management LLC boosted its stake in shares of Marathon Petroleum by 86.2% in the 2nd quarter. Buckingham Asset Management LLC now owns 7,523 shares of the oil and gas company’s stock valued at $420,000 after purchasing an additional 3,482 shares during the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in shares of Marathon Petroleum by 19.1% in the 2nd quarter. Sawtooth Solutions LLC now owns 18,449 shares of the oil and gas company’s stock valued at $1,031,000 after purchasing an additional 2,960 shares during the last quarter. 76.63% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on MPC. JPMorgan Chase & Co. cut their target price on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Citigroup increased their target price on shares of Marathon Petroleum from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho set a $90.00 target price on shares of Marathon Petroleum and gave the stock a “buy” rating in a research note on Thursday, September 26th. Jefferies Financial Group began coverage on shares of Marathon Petroleum in a research note on Tuesday, September 3rd. They set a “buy” rating and a $75.00 target price on the stock. Finally, Raymond James increased their target price on shares of Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Marathon Petroleum presently has a consensus rating of “Buy” and an average target price of $72.93.

NYSE MPC traded up $1.04 on Friday, hitting $65.14. 11,439,316 shares of the company were exchanged, compared to its average volume of 6,911,075. The company has a market cap of $42.20 billion, a PE ratio of 9.61, a PEG ratio of 1.68 and a beta of 1.71. Marathon Petroleum Corp has a 12 month low of $43.96 and a 12 month high of $76.58. The stock has a fifty day moving average of $57.02 and a 200-day moving average of $54.46. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.40. The business had revenue of $33.70 billion for the quarter, compared to analyst estimates of $33.26 billion. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. Marathon Petroleum’s revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. On average, analysts expect that Marathon Petroleum Corp will post 3.83 earnings per share for the current year.

About Marathon Petroleum

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; Retail; 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.

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

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