Chelsea Counsel Co. Buys Shares of 3,338 Marathon Petroleum Corp (MPC)
Chelsea Counsel Co. bought a new position in Marathon Petroleum Corp (NYSE:MPC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,338 shares of the oil and gas company’s stock, valued at approximately $220,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Crow Point Partners LLC purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth $128,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth $135,000. YorkBridge Wealth Partners LLC lifted its stake in shares of Marathon Petroleum by 7.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 200 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth $173,000. Finally, BB&T Investment Services Inc. lifted its stake in shares of Marathon Petroleum by 118.2% during the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.
Shares of Marathon Petroleum Corp (NYSE:MPC) traded up $1.17 during trading hours on Friday, reaching $71.43. The company had a trading volume of 1,950,952 shares, compared to its average volume of 3,246,925. Marathon Petroleum Corp has a 12 month low of $46.88 and a 12 month high of $70.43. The firm has a market cap of $34,890.00, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.25 and a beta of 1.62. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The company had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. equities analysts predict that Marathon Petroleum Corp will post 3.85 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on MPC shares. Cowen restated a “buy” rating and set a $60.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, October 17th. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Citigroup upped their price objective on Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Edward Jones upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Marathon Petroleum has a consensus rating of “Buy” and a consensus price target of $69.50.
In related news, VP Raymond L. Brooks sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Following the transaction, the vice president now directly owns 32,205 shares of the company’s stock, valued at approximately $2,005,083.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The disclosure for this sale can be found here. Insiders have sold a total of 149,854 shares of company stock worth $9,482,177 over the last ninety days. 1.05% of the stock is currently owned by corporate insiders.
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About Marathon Petroleum
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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