Marathon Petroleum Corporation $MPC Shares Sold by AustralianSuper Pty Ltd

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

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Marathon Petroleum by 9.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,712 shares of the oil and gas company’s stock valued at $8,425,000 after acquiring an additional 3,619 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Marathon Petroleum by 0.9% during the third quarter. Valeo Financial Advisors LLC now owns 8,771 shares of the oil and gas company’s stock valued at $1,691,000 after buying an additional 79 shares in the last quarter. Truist Financial Corp lifted its position in shares of Marathon Petroleum by 3.3% in the 3rd quarter. Truist Financial Corp now owns 58,877 shares of the oil and gas company’s stock valued at $11,348,000 after acquiring an additional 1,904 shares in the last quarter. Saxon Interests Inc. lifted its holdings in shares of Marathon Petroleum by 1.5% in the third quarter. Saxon Interests Inc. now owns 7,520 shares of the oil and gas company’s stock valued at $1,351,000 after purchasing an additional 108 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its stake in Marathon Petroleum by 1.7% in the 3rd quarter. Chilton Capital Management LLC now owns 4,066 shares of the oil and gas company’s stock worth $784,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $172.30 on Thursday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.29. The firm has a market cap of $51.79 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm’s 50-day simple moving average is $178.15 and its 200-day simple moving average is $180.53. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The business had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. As a group, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Analyst Ratings Changes

MPC has been the subject of several research reports. Morgan Stanley raised their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. BMO Capital Markets decreased their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Piper Sandler decreased their target price on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $196.67.

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.