Sit Investment Associates Inc. trimmed its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 411,105 shares of the oil and gas company’s stock after selling 29,820 shares during the period. Marathon Petroleum makes up about 0.8% of Sit Investment Associates Inc.’s holdings, making the stock its 27th biggest holding. Sit Investment Associates Inc. owned 0.06% of Marathon Petroleum worth $24,259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MPC. GSA Capital Partners LLP acquired a new stake in Marathon Petroleum in the 2nd quarter valued at $365,000. Renaissance Technologies LLC acquired a new stake in Marathon Petroleum in the 2nd quarter valued at $21,651,000. Macquarie Group Ltd. increased its holdings in Marathon Petroleum by 49.9% in the 2nd quarter. Macquarie Group Ltd. now owns 176,567 shares of the oil and gas company’s stock valued at $12,388,000 after purchasing an additional 58,773 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Marathon Petroleum by 33.4% in the 2nd quarter. Vident Investment Advisory LLC now owns 5,867 shares of the oil and gas company’s stock valued at $412,000 after purchasing an additional 1,469 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in Marathon Petroleum by 55.4% in the 2nd quarter. AE Wealth Management LLC now owns 7,635 shares of the oil and gas company’s stock valued at $536,000 after purchasing an additional 2,723 shares in the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

Shares of MPC stock traded up $0.08 during trading hours on Monday, hitting $64.95. 173,605 shares of the company were exchanged, compared to its average volume of 6,694,499. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65. Marathon Petroleum Corp has a one year low of $54.29 and a one year high of $88.45. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.57 and a beta of 1.35.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.68 by $0.02. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The business had revenue of $23.13 billion for the quarter, compared to analysts’ expectations of $23.20 billion. During the same quarter last year, the company posted $1.77 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts forecast that Marathon Petroleum Corp will post 5.13 EPS for the current year.

In other Marathon Petroleum news, Director Steven A. Davis bought 3,500 shares of the business’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $62.14 per share, with a total value of $217,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Davis bought 2,500 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.

Several analysts recently issued reports on the company. Citigroup lowered their price target on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, December 6th. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Cowen restated an “outperform” rating and set a $101.00 target price (up from $87.00) on shares of Marathon Petroleum in a research note on Thursday, December 6th. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a research note on Thursday. Finally, Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Marathon Petroleum currently has a consensus rating of “Buy” and a consensus target price of $94.21.

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Marathon Petroleum Company Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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