Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 36.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,736 shares of the oil and gas company's stock after acquiring an additional 6,925 shares during the quarter. SteelPeak Wealth LLC's holdings in Marathon Petroleum were worth $4,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates boosted its holdings in Marathon Petroleum by 2.6% in the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company's stock worth $743,690,000 after acquiring an additional 107,915 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Marathon Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company's stock valued at $620,815,000 after acquiring an additional 31,100 shares in the last quarter. Boston Partners boosted its holdings in Marathon Petroleum by 0.3% in the first quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company's stock worth $558,390,000 after purchasing an additional 8,476 shares during the period. Pacer Advisors Inc. increased its stake in Marathon Petroleum by 8.5% during the second quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company's stock valued at $463,160,000 after purchasing an additional 209,270 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Marathon Petroleum by 7.6% during the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company's stock worth $335,241,000 after purchasing an additional 117,790 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MPC shares. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a "buy" rating in a research report on Monday, July 15th. Bank of America assumed coverage on Marathon Petroleum in a report on Thursday, October 17th. They issued a "neutral" rating and a $174.00 price target on the stock. TD Cowen increased their target price on Marathon Petroleum from $187.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Tudor Pickering downgraded shares of Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $187.00.

Marathon Petroleum Stock Performance

MPC stock traded up $0.61 during midday trading on Wednesday, hitting $145.89. The stock had a trading volume of 696,634 shares, compared to its average volume of 2,664,155. The firm has a market capitalization of $51.40 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 3.03 and a beta of 1.37. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $164.28 and a 200 day simple moving average of $172.38. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion for the quarter, compared to analysts' expectations of $36.66 billion. During the same quarter in the previous year, the firm posted $5.32 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

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