Tlwm Takes $490,000 Position in Marathon Petroleum Corp (NYSE:MPC)

Tlwm bought a new stake in Marathon Petroleum Corp (NYSE:MPC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,718 shares of the oil and gas company’s stock, valued at approximately $490,000.

Several other institutional investors have also made changes to their positions in MPC. Jackson Wealth Management LLC grew its position in Marathon Petroleum by 3.6% in the 2nd quarter. Jackson Wealth Management LLC now owns 29,932 shares of the oil and gas company’s stock valued at $1,642,000 after buying an additional 1,041 shares during the last quarter. Ingalls & Snyder LLC grew its position in Marathon Petroleum by 0.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 48,745 shares of the oil and gas company’s stock valued at $2,724,000 after buying an additional 350 shares during the last quarter. Gyroscope Capital Management Group LLC grew its position in Marathon Petroleum by 25.5% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 152,079 shares of the oil and gas company’s stock valued at $8,345,000 after buying an additional 30,894 shares during the last quarter. Unison Advisors LLC grew its position in Marathon Petroleum by 0.9% in the 2nd quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 191 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc purchased a new position in Marathon Petroleum in the 2nd quarter valued at $261,000. 77.45% of the stock is currently owned by institutional investors and hedge funds.

In other Marathon Petroleum news, Director James E. Rohr acquired 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $48.14 per share, for a total transaction of $601,750.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Donald C. Templin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of $50.74 per share, for a total transaction of $253,700.00. Following the completion of the transaction, the insider now directly owns 93,182 shares in the company, valued at $4,728,054.68. The disclosure for this purchase can be found here. 1.06% of the stock is owned by insiders.

Shares of NYSE MPC traded down $0.10 during trading on Wednesday, hitting $56.95. 163,685 shares of the company were exchanged, compared to its average volume of 4,436,992. The stock has a market cap of $37.66 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.65. Marathon Petroleum Corp has a 1 year low of $45.47 and a 1 year high of $88.45. The stock has a fifty day moving average price of $53.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.55 and a current ratio of 1.20.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The business had revenue of $28.62 billion during the quarter, compared to analysts’ expectations of $27.70 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Marathon Petroleum’s quarterly revenue was up 50.7% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum Corp will post 4.26 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Royal Bank of Canada boosted their target price on shares of Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 9th. Raymond James restated an “average” rating and set a $4.50 target price on shares of John Hancock Financial Opprts Fund in a research report on Thursday, May 9th. Wells Fargo & Co decreased their target price on shares of Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, May 9th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 460 ($6.01) target price on shares of Sophos Group in a research report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $84.20.

Marathon Petroleum 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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