Mercer Capital Advisers Inc. grew its position in Marathon Petroleum Corp (NYSE:MPC) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,892 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Mercer Capital Advisers Inc.’s holdings in Marathon Petroleum were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MPC. Fulcrum Capital LLC acquired a new position in Marathon Petroleum in the 3rd quarter valued at about $6,313,000. Venturi Wealth Management LLC acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $25,000. Mechanics Bank Trust Department acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $29,000. Old North State Trust LLC increased its position in Marathon Petroleum by 209.1% during the 3rd quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 322 shares during the period. Finally, Simon Quick Advisors LLC acquired a new position in Marathon Petroleum during the 4th quarter worth approximately $29,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of MPC traded down $0.97 during trading hours on Friday, hitting $54.21. The stock had a trading volume of 164,739 shares, compared to its average volume of 5,000,557. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.62 and a current ratio of 1.25. The firm has a market cap of $36.34 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.70 and a beta of 1.66. The company’s fifty day simple moving average is $59.30 and its 200 day simple moving average is $57.85. Marathon Petroleum Corp has a 12-month low of $43.96 and a 12-month high of $69.65.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.33. The business had revenue of $31.20 billion for the quarter, compared to analyst estimates of $32.89 billion. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. As a group, sell-side analysts predict that Marathon Petroleum Corp will post 4.15 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Cfra cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, December 16th. Mizuho set a $90.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a report on Thursday, September 26th. Credit Suisse Group reduced their target price on Marathon Petroleum from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday. They noted that the move was a valuation call. Finally, ValuEngine raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum has an average rating of “Buy” and an average target price of $72.18.

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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