Y Intercept Hong Kong Ltd Invests $1.43 Million in Marathon Petroleum Corporation $MPC

Y Intercept Hong Kong Ltd purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, according to its most recent filing with the SEC. The firm purchased 7,402 shares of the oil and gas company’s stock, valued at approximately $1,427,000.

Several other hedge funds also recently modified their holdings of MPC. Delos Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum in the 2nd quarter valued at about $25,000. Activest Wealth Management lifted its holdings in shares of Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. NewSquare Capital LLC lifted its stake in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at about $33,000. Finally, Transce3nd LLC lifted its position in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MPC. Morgan Stanley lifted their target price on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. BMO Capital Markets reduced their target price on Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group cut their price objective on Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $196.67.

Marathon Petroleum Price Performance

MPC stock opened at $176.06 on Friday. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $202.29. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.80 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average price is $177.62 and its two-hundred day moving average price is $180.50.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.