RiverPark Advisors LLC Has $3,204,000 Position in Marathon Petroleum Corp. (MPC)
RiverPark Advisors LLC maintained its position in shares of Marathon Petroleum Corp. (NYSE:MPC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,400 shares of the company’s stock at the end of the second quarter. Marathon Petroleum Corp. comprises approximately 1.6% of RiverPark Advisors LLC’s holdings, making the stock its 29th largest position. RiverPark Advisors LLC’s holdings in Marathon Petroleum Corp. were worth $3,204,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. TPH Asset Management LLC boosted its position in Marathon Petroleum Corp. by 226.9% in the first quarter. TPH Asset Management LLC now owns 49,200 shares of the company’s stock worth $1,829,000 after buying an additional 34,150 shares during the period. Hancock Holding Co. boosted its position in Marathon Petroleum Corp. by 0.5% in the first quarter. Hancock Holding Co. now owns 304,230 shares of the company’s stock worth $11,311,000 after buying an additional 1,425 shares during the period. Pictet Asset Management Ltd. boosted its position in Marathon Petroleum Corp. by 1.7% in the first quarter. Pictet Asset Management Ltd. now owns 297,036 shares of the company’s stock worth $10,174,000 after buying an additional 4,900 shares during the period. Quadrature Capital Ltd bought a new position in Marathon Petroleum Corp. during the first quarter worth $693,000. Finally, Scotia Capital Inc. boosted its position in Marathon Petroleum Corp. by 36.9% in the first quarter. Scotia Capital Inc. now owns 5,940 shares of the company’s stock worth $221,000 after buying an additional 1,602 shares during the period. Institutional investors own 79.71% of the company’s stock.
Marathon Petroleum Corp. (NYSE:MPC) traded down 0.152% on Wednesday, reaching $42.665. 3,329,543 shares of the company’s stock were exchanged. Marathon Petroleum Corp. has a 1-year low of $29.24 and a 1-year high of $59.99. The stock has a market capitalization of $22.56 billion, a P/E ratio of 11.773 and a beta of 2.06. The firm’s 50 day moving average is $42.28 and its 200 day moving average is $38.95.
Marathon Petroleum Corp. (NYSE:MPC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Marathon Petroleum Corp. had a net margin of 3.02% and a return on equity of 10.94%. The business had revenue of $16.81 billion for the quarter, compared to analysts’ expectations of $16.30 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The company’s revenue was down 18.4% on a year-over-year basis. Analysts expect that Marathon Petroleum Corp. will post $2.41 EPS for the current year.
A number of equities analysts have recently weighed in on MPC shares. Credit Suisse Group AG lowered their price target on shares of Marathon Petroleum Corp. from $45.00 to $37.53 and set an “outperform” rating on the stock in a research note on Wednesday, July 20th. Piper Jaffray Cos. upped their price target on shares of Marathon Petroleum Corp. from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, August 22nd. Vetr cut shares of Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $46.33 price target on the stock. in a research note on Monday, August 8th. Jefferies Group started coverage on shares of Marathon Petroleum Corp. in a research note on Tuesday, August 23rd. They set a “buy” rating and a $48.00 price target on the stock. Finally, Zacks Investment Research raised shares of Marathon Petroleum Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.37.
Marathon Petroleum Corp. 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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