Public Employees Retirement Association of Colorado Sells 3,977 Shares of Marathon Petroleum Co. (NYSE:MPC)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.1% in the fourth quarter, HoldingsChannel reports. The fund owned 45,238 shares of the oil and gas company’s stock after selling 3,977 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Marathon Petroleum were worth $6,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. OLD Second National Bank of Aurora grew its stake in Marathon Petroleum by 7.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock valued at $139,000 after purchasing an additional 67 shares during the last quarter. Nixon Peabody Trust Co. grew its stake in Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 68 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after purchasing an additional 69 shares during the last quarter. DT Investment Partners LLC grew its stake in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Marathon Petroleum by 3.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $137.58 on Tuesday. The stock has a market capitalization of $42.86 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $201.36. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $138.29 and a 200 day moving average of $145.93.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.98 earnings per share. Sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Analysts Set New Price Targets

MPC has been the topic of several research analyst reports. Barclays dropped their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Scotiabank decreased their price objective on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Raymond James decreased their price objective on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $174.21.

Marathon Petroleum 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.