CHURCHILL MANAGEMENT Corp purchased a new position in shares of Marathon Petroleum Corp (NYSE:MPC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 298,324 shares of the oil and gas company’s stock, valued at approximately $19,683,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC boosted its holdings in Marathon Petroleum by 103.8% during the fourth quarter. Acropolis Investment Management LLC now owns 29,120 shares of the oil and gas company’s stock worth $1,921,000 after purchasing an additional 14,833 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in Marathon Petroleum by 41.7% during the fourth quarter. Leavell Investment Management Inc. now owns 23,800 shares of the oil and gas company’s stock worth $1,570,000 after purchasing an additional 7,000 shares during the last quarter. Country Trust Bank purchased a new position in Marathon Petroleum during the fourth quarter worth about $825,000. VNBTrust National Association purchased a new position in Marathon Petroleum during the fourth quarter worth about $228,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in Marathon Petroleum by 7.1% during the fourth quarter. First Citizens Bank & Trust Co. now owns 64,292 shares of the oil and gas company’s stock worth $4,242,000 after purchasing an additional 4,280 shares during the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.
In other news, insider Thomas M. Kelley sold 35,604 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total value of $2,305,359.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. In the last three months, insiders sold 149,854 shares of company stock worth $9,482,177. Insiders own 1.05% of the company’s stock.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. analysts expect that Marathon Petroleum Corp will post 3.85 earnings per share for the current year.
Several research analysts recently weighed in on the stock. Scotiabank restated a “hold” rating and set a $75.00 price target on shares of Marathon Petroleum in a report on Wednesday. ValuEngine upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Credit Suisse Group began coverage on shares of Marathon Petroleum in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price objective on the stock. Goldman Sachs Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, UBS Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $65.00 in a research report on Wednesday, November 15th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $69.50.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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