First Hawaiian Bank grew its stake in Marathon Petroleum Corp (NYSE:MPC) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,117 shares of the oil and gas company’s stock after purchasing an additional 5,218 shares during the quarter. First Hawaiian Bank’s holdings in Marathon Petroleum were worth $3,311,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Csenge Advisory Group acquired a new position in shares of Marathon Petroleum in the third quarter valued at about $82,000. Rational Advisors LLC grew its stake in Marathon Petroleum by 282.4% during the third quarter. Rational Advisors LLC now owns 1,480 shares of the oil and gas company’s stock worth $118,000 after buying an additional 1,093 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Marathon Petroleum during the third quarter worth about $124,000. Columbia Asset Management acquired a new stake in Marathon Petroleum during the third quarter worth about $156,000. Finally, Belpointe Asset Management LLC acquired a new stake in Marathon Petroleum during the third quarter worth about $164,000. 83.16% of the stock is currently owned by institutional investors.
MPC has been the topic of a number of analyst reports. Standpoint Research initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They set an “accumulate” rating on the stock. Citigroup raised their price target on shares of Marathon Petroleum from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Morgan Stanley set a $110.00 price target on shares of Marathon Petroleum and gave the company a “buy” rating in a research note on Friday, October 12th. Tudor Pickering upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, October 9th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Marathon Petroleum currently has an average rating of “Buy” and a consensus target price of $94.21.
Marathon Petroleum stock opened at $63.63 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09. Marathon Petroleum Corp has a 52-week low of $54.29 and a 52-week high of $88.45. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.57 and a beta of 1.35.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.02. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The firm had revenue of $23.13 billion during the quarter, compared to analyst estimates of $23.20 billion. During the same quarter last year, the business earned $1.77 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corp will post 5.13 earnings per share for the current year.
Marathon Petroleum Company 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, Speedway 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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