Creekmur Asset Management LLC Has $179,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Creekmur Asset Management LLC reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,099 shares of the oil and gas company’s stock after selling 79 shares during the quarter. Creekmur Asset Management LLC’s holdings in Marathon Petroleum were worth $179,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its stake in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $29,000. TruNorth Capital Management LLC bought a new stake in Marathon Petroleum in the 2nd quarter valued at $35,000. Industrial Alliance Investment Management Inc. bought a new stake in Marathon Petroleum in the 2nd quarter valued at $35,000. Finally, Wellington Shields & Co. LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $40,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 3.8 %

Shares of NYSE:MPC opened at $145.28 on Wednesday. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11. The company’s 50-day moving average price is $164.28 and its two-hundred day moving average price is $172.38. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market cap of $51.19 billion, a P/E ratio of 7.26, a P/E/G ratio of 3.03 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping 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 firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter in the prior year, the firm earned $5.32 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPC. Jefferies Financial Group boosted their price target on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a report on Monday, July 15th. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. TD Cowen boosted their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets lowered their target price on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Wells Fargo & Company lowered their target price on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

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.