Patton Albertson Miller Group LLC Makes New $583,000 Investment in Marathon Petroleum Corporation $MPC

Patton Albertson Miller Group LLC purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,025 shares of the oil and gas company’s stock, valued at approximately $583,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPC. Delos Wealth Advisors LLC bought a new stake in Marathon Petroleum in the second quarter worth approximately $25,000. Activest Wealth Management raised its holdings in shares of Marathon Petroleum by 290.2% during the 2nd 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 shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. WFA of San Diego LLC bought a new stake in Marathon Petroleum in the second quarter worth $33,000. Finally, Transce3nd LLC increased its position in Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC 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 company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $52.92 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.80 and a beta of 0.74. The business’s 50 day moving average is $177.62 and its two-hundred day moving average is $180.50.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The business had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays reduced their price target on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Raymond James Financial boosted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. BMO Capital Markets dropped their price target on shares of Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, The Goldman Sachs Group reduced their price objective on shares of Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $196.67.

Marathon Petroleum Company 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.