Marathon Petroleum Corporation $MPC Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 573,993 shares of the oil and gas company’s stock after selling 360,288 shares during the quarter. AustralianSuper Pty Ltd owned 0.19% of Marathon Petroleum worth $110,631,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Norges Bank acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $527,197,000. Geode Capital Management LLC increased its stake in Marathon Petroleum by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after buying an additional 1,033,645 shares during the period. Boston Partners increased its stake in Marathon Petroleum by 13.1% during the 2nd quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after buying an additional 715,223 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Marathon Petroleum by 27,979.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after buying an additional 657,246 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MPC shares. Barclays lowered their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group lowered their price objective on Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Mizuho upped their target price on Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Finally, BMO Capital Markets dropped their price target on shares of Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $196.67.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $172.30 on Thursday. The company has a market cap of $51.79 billion, a PE ratio of 18.37, a P/E/G ratio of 0.75 and a beta of 0.74. The firm has a 50-day simple moving average of $178.15 and a 200 day simple moving average of $180.53. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.