National Pension Service Increases Holdings in Marathon Petroleum Corporation $MPC

National Pension Service raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 1.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 849,268 shares of the oil and gas company’s stock after acquiring an additional 14,308 shares during the quarter. National Pension Service owned approximately 0.28% of Marathon Petroleum worth $163,688,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Marathon Petroleum by 11.2% in the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after buying an additional 3,924,713 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marathon Petroleum by 14.8% during the second 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 acquiring an additional 1,033,645 shares during the last quarter. Boston Partners boosted its holdings in shares of 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 valued at $1,024,395,000 after purchasing an additional 715,223 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Marathon Petroleum by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 5,619,398 shares of the oil and gas company’s stock valued at $933,438,000 after buying an additional 637,050 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at approximately $527,197,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $176.06 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The firm has a market capitalization of $52.92 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.80 and a beta of 0.74. The business has a fifty day moving average of $177.62 and a 200 day moving average of $180.53.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. TD Cowen reduced their target price on Marathon Petroleum from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Mizuho raised their price target on Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Piper Sandler cut their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $197.19.

About Marathon Petroleum

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.