On October 5, 2023, Creative Planning announced that it has increased its holdings in Marathon Petroleum Co. (NYSE:MPC). According to the company’s most recent 13F filing with the Securities & Exchange Commission, Creative Planning now owns 140,793 shares of Marathon Petroleum, a 0.7% increase from the previous quarter. These additional shares bring their total holdings in the oil and gas company to $16,416,000 at the end of the reporting period.
Several research firms have recently released reports on MPC, providing insights into its stock performance. Bank of America increased its price objective on Marathon Petroleum from $162.00 to $173.00 and gave the stock a “neutral” rating in a report published on September 18th. Raymond James also raised their price target to $177.00 and assigned a “strong-buy” rating to the stock on September 20th. Likewise, Mizuho raised their price objective from $161.00 to $178.00 while maintaining a “neutral” rating on September 18th.
Morgan Stanley reiterated an “overweight” rating and provided a $150.00 price objective in early August, exhibiting confidence in Marathon Petroleum’s potential growth prospects. Jefferies Financial Group also expressed optimism by increasing their target price from $140.00 to $164.00 and giving the company a “buy” rating on August 7th.
Currently, Marathon Petroleum has received five hold ratings, eight buy ratings, and one strong buy rating from research analysts mentioned above but based on data from Bloomberg.com; they have an average rating of “Moderate Buy.” The average target price for MPC is set at $157.92 according to these research firms.
On Thursday morning trading session, NYSE MPC opened at $141.89 per share indicating stability in its market value within this day of review. However, it is important to note that Marathon Petroleum’s stock had experienced a range between $101.64 and $159.50 in the past year, suggesting considerable volatility within this period.
Moreover, when considering key financial ratios, Marathon Petroleum appears to have a solid financial foundation. The company has a debt-to-equity ratio of 0.86, indicating a moderate level of debt relative to its equity. Additionally, it has a quick ratio of 1.30 and a current ratio of 1.84, both reflecting the company’s strong liquidity position.
From a moving average standpoint, Marathon Petroleum’s stock has shown promising performance with a 50-day simple moving average at $146.19 and a two-hundred-day simple moving average at $128.25. This indicates an upward trend in the stock’s price over time.
In terms of market capitalization, Marathon Petroleum currently stands at $56.73 billion, highlighting its significance as an industry player. Its low Price-to-Earnings (P/E) ratio of 5.15 suggests that investors may find value in the stock compared to its earnings potential.
Furthermore, the price-to-earnings-growth (PEG) ratio is also favorable at 1.06 points towards potential growth prospects being reasonably valued by the market.
Lastly, Marathon Petroleum holds a beta score of 1.58 which implies that it is more volatile than other stocks considered to be part of the broader market index.
Overall, Creative Planning’s increased holdings in Marathon Petroleum reflect their positive sentiment toward the company’s future prospects. With various research firms providing favorable ratings and price targets for MPC shares along with solid financial ratios and consistent performance indicators, Marathon Petroleum presents itself as an intriguing investment opportunity within the oil and gas industry for potential investors to consider carefully
Institutional Investors Boost Stakes in Marathon Petroleum as Insiders Sell Stock
Marathon Petroleum Co. (NYSE:MPC) has seen a number of institutional investors adjust their stakes in the company recently. The investment firm Acadian Asset Management LLC increased its stake in Marathon Petroleum by 19.4% during the 1st quarter of this year, with Acadian Asset Management now owning 5,603 shares worth $479,000. This increase was achieved after acquiring an additional 910 shares during the last quarter. Similarly, Cibc World Market Inc. bought a new position in Marathon Petroleum during the same period, amounting to approximately $282,000.
Vontobel Holding Ltd., another institutional investor, also boosted its holdings in Marathon Petroleum by 1.6%, with the company now owning 18,559 shares valued at $1,584,000. Sei Investments Co. followed suit by increasing their holdings in Marathon Petroleum by 25.1% during the 1st quarter as well. The company now owns 90,916 shares worth $7,800,000 after purchasing an additional 18,230 shares during that period.
Similarly, Moors & Cabot Inc., another institutional investor in Marathon Petroleum, increased their holdings by 11%. They now own 9,438 shares worth $807,000 after acquiring an additional 937 shares.
All these changes have resulted in institutional investors owning approximately 74.93% of the stock currently.
In other news related to the company’s operations and management structure; COO Gregory Scott Floerke sold a total of 8,189 shares of Marathon Petroleum stock on August 10th at an average price of $145.80 per share totaling $1,193,956.20 worth of sales. Following this transaction completion process Greg Scott Floerke became holder or retainer of 28 ,633 shares valued at approximately $4 ,174 ,691 .40 .
Additionally , Director Kim K.W. Rucker sold 6,000 shares of Marathon Petroleum stock on Tuesday, August 1st at an average price of $132.25 per share, with total value of the stock sold amounting to $793,500. After the transaction completion, the director directly owns 29,760 shares of the company’s stock valued at approximately $3,935,760.
It is worth mentioning that during the past three months insiders have sold a total of 27 ,188 shares of Marathon Petroleum stock valued at $13 ,154 ,973.
Several research firms have also recently provided reports on MPC. Bank of America upped their price objective for Marathon Petroleum from $162.00 to $173.00 and assigned a “neutral” rating to the stock. Raymond James followed by upping its price objective as well from $165.00 to $177.00 and gave Marathon Petroleum a “strong-buy” rating in their report issued on Wednesday September 20th.
In continuation with increasing or modifying its periodic strategies and objectivity toward investors not believing recommendations without cross accentuation; Mizuho Financial Group Inc revised upwardly this time its price objective for Marathon Petroleum from 161 USD/share to758 USD/share respectively on Monday September 18th.
MPC previously marked itself under overweight portfolio yardstick not pulling back its target per timeout so it still persistently estimates 150 USD/share priced vertically upwards via Morgan Stanley investment advisory group upon being released to public sector yesterday.
From other reliable corporate voices calibrated by Jefferies Financial Group, was blockbuster which increased what had happened due to last year hit’s continuation into new classes because they already achieved expected capital ratios affiliating with new metrics set out since then making ponderable anomaly within those relationships standing above average bear market by far bestowing buy marking a consummate victory with affirmed target precision tipped such ways collapsing any weakness localizing strong signals remaining moderately congruent with whole ratings estimated toward moderate buy extension for 2019’s Q4 utility aspects to come.
Finally, MPC has a relatively high average target price of $157.92 per share in comparison with its competitors.
Marathon Petroleum also released its quarterly earnings data on Tuesday, August 1st. The company reported impressive earnings per share of $5.32 for the quarter, beating the consensus estimate by $0.77 or the right percentage tippings since they expected to dive in bears throat accounting basic documents proving divine renumeration but still running uphill more than calculations assumed compared to average gold stone fair prices satisfied without any mortifying gaps within visions much less interesting given weighty overplayed sentimental approaches concerning valuable across renewed region keeping in track important advice lending ways this relationship moribund vanguard returning stable message while barriers hustle inbound muscles eroded tip is awarded trade discrepancies as total sales grew from $32.60 billion up to $36.82 billion so differences give us money pouring river into downtown improving gradually reduced time step after holding flash sum defining granted results posted before and it reached last year’s EPS floating.
Considering this information it is expected that Marathon Petroleum Co. will post an impressive 23.24 earnings per share for the current year ensuring warm stories keep safely planning