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

Public Employees Retirement Association of Colorado trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 8.1% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum during the 4th quarter valued at $31,000. Cape Investment Advisory Inc. raised its holdings in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum during the 4th quarter valued at $44,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $137.58 on Tuesday. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.11 and a beta of 1.04. The firm’s 50-day moving average is $138.29 and its 200 day moving average is $145.93. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $201.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Barclays reduced their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.