The Swift Run Capital Management LLC Sold shares of Marathon Petroleum Corp. (MPC)

The Swift Run Capital Management LLC Sold shares of Marathon Petroleum Corp. (MPC)

Swift Run Capital Management LLC lowered its position in Marathon Petroleum Corp. (NYSE:MPC) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,534 shares of the company’s stock after selling 4,260 shares during the period. Marathon Petroleum Corp. accounts for approximately 2.0% of Swift Run Capital Management LLC’s portfolio, making the stock its 18th largest position. Swift Run Capital Management LLC’s holdings in Marathon Petroleum Corp. were worth $3,095,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in shares of Marathon Petroleum Corp. during the first quarter worth about $108,000. Invictus RG increased its stake in shares of Marathon Petroleum Corp. by 35.7% in the first quarter. Invictus RG now owns 3,176 shares of the company’s stock worth $118,000 after buying an additional 835 shares in the last quarter. Gierl Augustine Investment Management Inc increased its stake in shares of Marathon Petroleum Corp. by 35.2% in the second quarter. Gierl Augustine Investment Management Inc now owns 3,124 shares of the company’s stock worth $119,000 after buying an additional 814 shares in the last quarter. Mercer Capital Advisers Inc. increased its stake in shares of Marathon Petroleum Corp. by 433.5% in the second quarter. Mercer Capital Advisers Inc. now owns 3,692 shares of the company’s stock worth $140,000 after buying an additional 3,000 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Marathon Petroleum Corp. by 7.7% in the second quarter. Advisory Services Network LLC now owns 4,206 shares of the company’s stock worth $160,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.

Marathon Petroleum Corp. (NYSE:MPC) traded up 0.22% on Friday, reaching $41.65. 4,642,061 shares of the company’s stock were exchanged. Marathon Petroleum Corp. has a 1-year low of $29.24 and a 1-year high of $59.99. The stock’s 50 day moving average price is $42.27 and its 200 day moving average price is $38.80. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 11.49 and a beta of 2.06.

Marathon Petroleum Corp. (NYSE:MPC) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. Marathon Petroleum Corp. had a net margin of 3.02% and a return on equity of 10.94%. The company earned $16.81 billion during the quarter, compared to analyst estimates of $16.30 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corp. will post $2.41 earnings per share for the current year.

Several analysts recently weighed in on the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Marathon Petroleum Corp. in a report on Saturday, July 9th. Vetr downgraded shares of Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 target price for the company. in a report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “buy” rating and issued a $45.00 target price on shares of Marathon Petroleum Corp. in a report on Thursday, July 14th. Zacks Investment Research downgraded shares of Marathon Petroleum Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 13th. Finally, Scotiabank downgraded shares of Marathon Petroleum Corp. from an “outperform” rating to a “sector perform” rating and set a $42.00 target price for the company. in a report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Marathon Petroleum Corp. has a consensus rating of “Buy” and a consensus price target of $53.37.

About Marathon Petroleum Corp.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

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