Tealwood Asset Management Inc. Cuts Stake in Marathon Petroleum Corp (NYSE:MPC)

Tealwood Asset Management Inc. reduced its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,002 shares of the oil and gas company’s stock after selling 262 shares during the period. Tealwood Asset Management Inc.’s holdings in Marathon Petroleum were worth $1,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Unison Advisors LLC increased its stake in Marathon Petroleum by 0.9% during the 2nd quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock worth $1,240,000 after buying an additional 191 shares during the period. Tarbox Family Office Inc. increased its stake in Marathon Petroleum by 51.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock worth $32,000 after buying an additional 193 shares during the period. MCF Advisors LLC increased its position in shares of Marathon Petroleum by 39.4% in the 3rd quarter. MCF Advisors LLC now owns 732 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 207 shares during the last quarter. SevenBridge Financial Group LLC increased its position in shares of Marathon Petroleum by 6.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 3,336 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 215 shares during the last quarter. Finally, Point View Wealth Management Inc. increased its position in shares of Marathon Petroleum by 2.7% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,357 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 220 shares during the last quarter. 76.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MPC traded up $0.25 during trading hours on Thursday, reaching $66.12. The stock had a trading volume of 226,045 shares, compared to its average volume of 7,008,059. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.24. The firm’s 50 day moving average is $58.64 and its 200-day moving average is $54.58. The stock has a market capitalization of $43.36 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.72 and a beta of 1.71. Marathon Petroleum Corp has a 1 year low of $43.96 and a 1 year high of $73.00.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, August 1st. The oil and gas company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.40. The firm had revenue of $33.70 billion for the quarter, compared to the consensus estimate of $33.26 billion. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The company’s revenue was up 50.1% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. Analysts forecast that Marathon Petroleum Corp will post 3.8 EPS for the current year.

A number of brokerages have commented on MPC. Cowen increased their price objective on shares of Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. Raymond James increased their price objective on shares of Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Marathon Petroleum in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $75.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Marathon Petroleum from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $73.38.

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

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