Raymond James Trust N.A. increased its holdings in Marathon Petroleum Corp (NYSE:MPC) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,898 shares of the oil and gas company’s stock after acquiring an additional 1,498 shares during the period. Raymond James Trust N.A.’s holdings in Marathon Petroleum were worth $8,550,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. grew its holdings in Marathon Petroleum by 17.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 128,531 shares of the oil and gas company’s stock valued at $7,744,000 after purchasing an additional 19,075 shares during the period. Allred Capital Management LLC bought a new position in Marathon Petroleum during the fourth quarter valued at $127,000. BKD Wealth Advisors LLC grew its holdings in Marathon Petroleum by 6.7% during the fourth quarter. BKD Wealth Advisors LLC now owns 6,499 shares of the oil and gas company’s stock valued at $392,000 after purchasing an additional 410 shares during the period. Addison Capital Co bought a new position in Marathon Petroleum during the fourth quarter valued at $201,000. Finally, Manning & Napier Group LLC grew its holdings in Marathon Petroleum by 12.3% during the fourth quarter. Manning & Napier Group LLC now owns 290,170 shares of the oil and gas company’s stock valued at $17,481,000 after purchasing an additional 31,810 shares during the period. 76.09% of the stock is owned by institutional investors.

Shares of NYSE:MPC traded up $0.22 on Tuesday, reaching $59.84. 5,411,869 shares of the company traded hands, compared to its average volume of 6,080,507. The business’s 50-day simple moving average is $60.09 and its 200 day simple moving average is $57.74. Marathon Petroleum Corp has a 52 week low of $43.96 and a 52 week high of $69.65. The stock has a market capitalization of $39.10 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.66. The company has a current ratio of 1.25, a quick ratio of 0.62 and a debt-to-equity ratio of 0.71.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.33. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The firm had revenue of $31.20 billion for the quarter, compared to analysts’ expectations of $32.89 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Corp will post 4.28 EPS for the current fiscal year.

Several brokerages have weighed in on MPC. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, December 16th. Cfra lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Mizuho set a $90.00 price objective on Marathon Petroleum and gave the company a “buy” rating in a report on Thursday, September 26th. Morgan Stanley increased their target price on Marathon Petroleum from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Cowen increased their target price on Marathon Petroleum from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum currently has an average rating of “Buy” and a consensus target price of $72.93.

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.

Further Reading: Risk Tolerance

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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