Kistler Tiffany Companies LLC Decreases Stake in Marathon Petroleum Corp (NYSE:MPC)

Kistler Tiffany Companies LLC lowered its stake in shares of Marathon Petroleum Corp (NYSE:MPC) by 10.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,927 shares of the oil and gas company’s stock after selling 325 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Marathon Petroleum were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Marathon Petroleum by 2.3% during the 2nd quarter. BlackRock Inc. now owns 56,398,616 shares of the oil and gas company’s stock worth $3,151,555,000 after purchasing an additional 1,251,901 shares during the last quarter. Steadfast Capital Management LP increased its stake in shares of Marathon Petroleum by 45.6% during the 2nd quarter. Steadfast Capital Management LP now owns 7,369,706 shares of the oil and gas company’s stock worth $411,819,000 after purchasing an additional 2,307,655 shares during the last quarter. Boston Partners increased its stake in shares of Marathon Petroleum by 214.8% during the 2nd quarter. Boston Partners now owns 7,202,381 shares of the oil and gas company’s stock worth $402,410,000 after purchasing an additional 4,914,767 shares during the last quarter. Invesco Ltd. increased its stake in shares of Marathon Petroleum by 52.4% during the 2nd quarter. Invesco Ltd. now owns 6,712,810 shares of the oil and gas company’s stock worth $375,112,000 after purchasing an additional 2,308,553 shares during the last quarter. Finally, Third Point LLC increased its stake in shares of Marathon Petroleum by 14.3% during the 2nd quarter. Third Point LLC now owns 4,000,000 shares of the oil and gas company’s stock worth $223,520,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors own 76.63% of the company’s stock.

Marathon Petroleum stock opened at $65.14 on Friday. Marathon Petroleum Corp has a 1-year low of $43.96 and a 1-year high of $76.58. The firm has a market capitalization of $42.20 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.68 and a beta of 1.71. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. The firm has a 50 day simple moving average of $57.02 and a 200 day simple moving average of $54.46.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.40. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The business had revenue of $33.70 billion during the quarter, compared to analyst estimates of $33.26 billion. During the same period in the previous year, the business earned $2.27 EPS. Marathon Petroleum’s revenue was up 50.1% compared to the same quarter last year. On average, equities research analysts forecast that Marathon Petroleum Corp will post 3.83 EPS for the current year.

MPC has been the subject of several research analyst reports. Wells Fargo & Co raised their price target on shares of Marathon Petroleum from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Raymond James lifted their price objective on shares of Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. Mizuho set a $90.00 price objective on shares of Marathon Petroleum and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Cowen lifted their price objective on shares of Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $72.93.

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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