WINTON GROUP Ltd boosted its stake in shares of Marathon Petroleum Corp (NYSE:MPC) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,374 shares of the oil and gas company’s stock after acquiring an additional 10,529 shares during the quarter. WINTON GROUP Ltd’s holdings in Marathon Petroleum were worth $9,498,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MPC. Bruderman Asset Management LLC bought a new position in Marathon Petroleum during the first quarter worth about $102,000. Legacy Financial Advisors Inc. bought a new position in Marathon Petroleum during the second quarter worth about $113,000. Northwest Wealth Management LLC bought a new position in Marathon Petroleum during the second quarter worth about $116,000. Quadrant Capital Group LLC boosted its holdings in Marathon Petroleum by 63.8% during the first quarter. Quadrant Capital Group LLC now owns 1,787 shares of the oil and gas company’s stock worth $120,000 after buying an additional 696 shares during the last quarter. Finally, Optimum Investment Advisors bought a new position in Marathon Petroleum during the first quarter worth about $124,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.

MPC stock traded up $1.35 during mid-day trading on Friday, reaching $80.08. The company had a trading volume of 7,341,944 shares, compared to its average volume of 5,217,578. The company has a quick ratio of 1.04, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The company has a market cap of $36.07 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.34 and a beta of 1.50. Marathon Petroleum Corp has a 52 week low of $55.68 and a 52 week high of $88.45.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.29. Marathon Petroleum had a return on equity of 12.83% and a net margin of 4.89%. The company had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum Corp will post 5.05 EPS for the current fiscal year.

A number of brokerages have issued reports on MPC. Citigroup raised their target price on Marathon Petroleum from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Tudor Pickering upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley set a $110.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. raised their price target on Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $91.75.

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, 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.

Featured Article: Earnings Per Share (EPS) Explained

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.