Raymond James Trust N.A. increased its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,898 shares of the oil and gas company’s stock after purchasing an additional 1,498 shares during the period. Raymond James Trust N.A.’s holdings in Marathon Petroleum were worth $8,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MPC. Venturi Wealth Management LLC acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $25,000. Old North State Trust LLC lifted its holdings in Marathon Petroleum by 209.1% during the 3rd quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 322 shares during the last quarter. Endurance Wealth Management Inc. lifted its holdings in Marathon Petroleum by 365.4% during the 3rd quarter. Endurance Wealth Management Inc. now owns 484 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 380 shares during the last quarter. Mechanics Bank Trust Department acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $29,000. Finally, Simon Quick Advisors LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $29,000. 76.09% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on MPC shares. Mizuho set a $90.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a report on Thursday, September 26th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, December 16th. Citigroup lifted their price objective on Marathon Petroleum from $60.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. cut Marathon Petroleum from an “overweight” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Monday, December 9th. Finally, Cowen lifted their price objective on Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.93.

MPC stock traded up $0.22 during midday trading on Tuesday, reaching $59.84. 5,411,869 shares of the stock were exchanged, compared to its average volume of 6,080,507. The stock has a market capitalization of $39.10 billion, a PE ratio of 8.83, a P/E/G ratio of 0.72 and a beta of 1.66. Marathon Petroleum Corp has a 52 week low of $43.96 and a 52 week high of $69.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.62. The company has a fifty day moving average price of $60.09 and a 200 day moving average price of $57.74.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.33. The business had revenue of $31.20 billion for the quarter, compared to analyst estimates of $32.89 billion. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. Marathon Petroleum’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. As a group, analysts anticipate that Marathon Petroleum Corp will post 4.28 earnings per share for the current fiscal year.

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; 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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