Canal Capital Management LLC reduced its stake in Marathon Petroleum Corp (NYSE:MPC) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,364 shares of the oil and gas company’s stock after selling 711 shares during the quarter. Canal Capital Management LLC’s holdings in Marathon Petroleum were worth $1,149,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MPC. Legacy Financial Advisors Inc. acquired a new position in Marathon Petroleum in the second quarter valued at $113,000. Northwest Wealth Management LLC acquired a new stake in Marathon Petroleum during the second quarter worth about $116,000. NEXT Financial Group Inc acquired a new stake in Marathon Petroleum during the third quarter worth about $124,000. Private Capital Group LLC increased its stake in Marathon Petroleum by 547.0% during the first quarter. Private Capital Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Norway Savings Bank acquired a new stake in Marathon Petroleum during the second quarter worth about $126,000. Institutional investors and hedge funds own 82.78% of the company’s stock.

MPC traded down $0.94 on Wednesday, reaching $79.13. The company’s stock had a trading volume of 441,533 shares, compared to its average volume of 5,235,050. The company has a market capitalization of $36.07 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.34 and a beta of 1.50. Marathon Petroleum Corp has a 1 year low of $55.73 and a 1 year high of $88.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.60.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.29. Marathon Petroleum had a return on equity of 12.83% and a net margin of 4.89%. The firm had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. Marathon Petroleum’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Petroleum Corp will post 5.05 earnings per share for the current fiscal year.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, October 9th. Morgan Stanley set a $110.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a research note on Friday, October 12th. Citigroup upped their price target on Marathon Petroleum from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday. Tudor Pickering upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. upped their price target on Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $92.38.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

See Also: What is a put option?

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).

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

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.