SteelPeak Wealth LLC Has $4.19 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

SteelPeak Wealth LLC increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 36.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,736 shares of the oil and gas company’s stock after purchasing an additional 6,925 shares during the period. SteelPeak Wealth LLC’s holdings in Marathon Petroleum were worth $4,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MPC. FinTrust Capital Advisors LLC lifted its holdings in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new position in Marathon Petroleum in the first quarter valued at approximately $29,000. Wellington Shields & Co. LLC bought a new stake in shares of Marathon Petroleum in the first quarter valued at about $40,000. TruNorth Capital Management LLC bought a new position in shares of Marathon Petroleum during the second quarter worth about $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $35,000. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of analyst reports. TD Cowen raised their price target on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research started coverage on shares of Marathon Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group boosted their target price 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. Finally, Morgan Stanley lowered their price target on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Stock Up 0.4 %

NYSE:MPC traded up $0.61 during trading hours on Wednesday, reaching $145.89. The company had a trading volume of 696,634 shares, compared to its average volume of 2,664,155. The business’s 50-day simple moving average is $164.28 and its two-hundred day simple moving average is $172.38. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month high of $221.11. The firm has a market cap 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 quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the prior year, the company posted $5.32 earnings per share. Marathon Petroleum’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Company Profile

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.