Tlwm Trims Stake in Marathon Petroleum Corp (NYSE:MPC)

Tlwm decreased its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 8,421 shares of the oil and gas company’s stock after selling 297 shares during the period. Tlwm’s holdings in Marathon Petroleum were worth $511,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MPC. Fulcrum Capital LLC purchased a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $6,313,000. Venturi Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $25,000. Mechanics Bank Trust Department purchased a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $29,000. Old North State Trust LLC grew its stake in shares of Marathon Petroleum by 209.1% in the 3rd quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after buying an additional 322 shares during the last quarter. Finally, Endurance Wealth Management Inc. grew its stake in shares of Marathon Petroleum by 365.4% in the 3rd quarter. Endurance Wealth Management Inc. now owns 484 shares of the oil and gas company’s stock worth $29,000 after buying an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.

Several research firms recently weighed in on MPC. Wells Fargo & Co upped their price target on Marathon Petroleum from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Cfra downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Citigroup upped their price target on Marathon Petroleum from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Raymond James upped their price target on Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $73.38.

MPC stock traded down $0.52 during midday trading on Monday, hitting $65.71. The company’s stock had a trading volume of 2,229,214 shares, compared to its average volume of 6,608,951. The company has a market cap of $43.14 billion, a PE ratio of 9.69, a P/E/G ratio of 1.58 and a beta of 1.70. Marathon Petroleum Corp has a 12 month low of $43.96 and a 12 month high of $69.65. The company has a current ratio of 1.25, a quick ratio of 0.63 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average is $63.53 and its 200-day moving average is $55.04.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.33. The business had revenue of $31.20 billion for the quarter, compared to analysts’ expectations of $32.89 billion. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. Analysts expect that Marathon Petroleum Corp will post 4.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $0.53 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.12 annualized dividend and a yield of 3.23%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.

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.

Featured Story: 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.