CMH Wealth Management LLC decreased its position in Marathon Petroleum Corp (NYSE:MPC) by 33.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,385 shares of the oil and gas company’s stock after selling 28,950 shares during the period. Marathon Petroleum makes up approximately 1.9% of CMH Wealth Management LLC’s holdings, making the stock its 15th biggest position. CMH Wealth Management LLC’s holdings in Marathon Petroleum were worth $3,425,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthcare Advisory Partners LLC boosted its holdings in shares of Marathon Petroleum by 345.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 508 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 394 shares in the last quarter. Old North State Trust LLC boosted its holdings in shares of Marathon Petroleum by 209.1% in the third quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 322 shares in the last quarter. Tarbox Family Office Inc. boosted its holdings in shares of Marathon Petroleum by 51.5% in the second quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 193 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Thor Advisors LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.
MPC stock traded up $1.49 during midday trading on Friday, reaching $63.42. The company had a trading volume of 8,368,514 shares, compared to its average volume of 6,646,474. Marathon Petroleum Corp has a 1 year low of $43.96 and a 1 year high of $80.84. 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 company has a market capitalization of $40.77 billion, a P/E ratio of 9.35, a PEG ratio of 1.55 and a beta of 1.71. The company has a 50 day moving average of $54.20 and a two-hundred day moving average of $54.35.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $33.70 billion during the quarter, compared to the consensus estimate of $33.26 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 50.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum Corp will post 3.86 earnings per share for the current year.
Several research analysts have recently issued reports on MPC shares. Cowen increased their price objective on shares of Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut their target price on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Wells Fargo & Co increased their target price on shares of Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Mizuho set a $90.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Jefferies Financial Group initiated coverage on shares of Marathon Petroleum in a research note on Tuesday, September 3rd. They set a “buy” rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum presently has an average rating of “Buy” and a consensus price target of $74.20.
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.
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