Strs Ohio Has $5,932,000 Stake in Marathon Petroleum Corporation (MPC)
Strs Ohio increased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 509.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,156 shares of the company’s stock after buying an additional 122,193 shares during the period. Strs Ohio’s holdings in Marathon Petroleum Corporation were worth $5,932,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. OLD Republic International Corp bought a new stake in Marathon Petroleum Corporation during the second quarter valued at approximately $10,781,000. Stillwater Capital Advisors LLC increased its stake in Marathon Petroleum Corporation by 0.9% in the third quarter. Stillwater Capital Advisors LLC now owns 173,086 shares of the company’s stock valued at $7,026,000 after buying an additional 1,499 shares during the period. Douglas Lane & Associates LLC increased its stake in Marathon Petroleum Corporation by 15.3% in the second quarter. Douglas Lane & Associates LLC now owns 707,623 shares of the company’s stock valued at $26,861,000 after buying an additional 93,665 shares during the period. Retirement Systems of Alabama increased its stake in Marathon Petroleum Corporation by 0.6% in the second quarter. Retirement Systems of Alabama now owns 270,116 shares of the company’s stock valued at $10,254,000 after buying an additional 1,581 shares during the period. Finally, Foundry Partners LLC increased its stake in Marathon Petroleum Corporation by 7.1% in the third quarter. Foundry Partners LLC now owns 194,201 shares of the company’s stock valued at $7,883,000 after buying an additional 12,875 shares during the period. 77.79% of the stock is currently owned by institutional investors and hedge funds.
Marathon Petroleum Corporation (NYSE:MPC) opened at 48.38 on Friday. Marathon Petroleum Corporation has a 1-year low of $29.24 and a 1-year high of $54.59. The company has a market cap of $25.54 billion, a price-to-earnings ratio of 22.78 and a beta of 1.80. The stock has a 50 day moving average price of $49.31 and a 200-day moving average price of $43.30.
Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.23. The business earned $16.46 billion during the quarter, compared to analyst estimates of $17.18 billion. Marathon Petroleum Corporation had a return on equity of 6.74% and a net margin of 1.84%. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. On average, equities research analysts forecast that Marathon Petroleum Corporation will post $2.06 EPS for the current year.
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MPC has been the topic of several analyst reports. Piper Jaffray Companies boosted their target price on Marathon Petroleum Corporation from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. J P Morgan Chase & Co raised Marathon Petroleum Corporation from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $57.00 in a report on Wednesday, December 7th. Scotiabank restated a “sector perform” rating and issued a $47.00 price target (up previously from $45.00) on shares of Marathon Petroleum Corporation in a research note on Friday, October 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $54.00 price target on shares of Marathon Petroleum Corporation in a research note on Wednesday, October 12th. Finally, Bank of America Corporation set a $59.00 price target on Marathon Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, November 28th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average target price of $54.28.
Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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