Raymond James Trust N.A. reduced its position in Marathon Petroleum Co. (NYSE:MPC) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,669 shares of the oil and gas company’s stock after selling 9,129 shares during the quarter. Raymond James Trust N.A.’s holdings in Marathon Petroleum were worth $5,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFM Investors Pty Ltd raised its stake in Marathon Petroleum by 18.3% in the 4th quarter. IFM Investors Pty Ltd now owns 62,449 shares of the oil and gas company’s stock valued at $2,583,000 after purchasing an additional 9,650 shares during the last quarter. Lavaca Capital LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth $204,000. Redpoint Investment Management Pty Ltd increased its stake in shares of Marathon Petroleum by 1.9% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 16,018 shares of the oil and gas company’s stock worth $663,000 after acquiring an additional 297 shares during the last quarter. Sowell Financial Services LLC increased its stake in shares of Marathon Petroleum by 159.1% in the 4th quarter. Sowell Financial Services LLC now owns 4,127 shares of the oil and gas company’s stock worth $171,000 after acquiring an additional 2,534 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Marathon Petroleum by 22.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 116,026 shares of the oil and gas company’s stock worth $4,799,000 after acquiring an additional 20,889 shares during the last quarter. 66.98% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum stock traded down $1.26 during midday trading on Wednesday, reaching $44.32. 7,209,709 shares of the stock traded hands, compared to its average volume of 6,309,738. The company has a 50-day simple moving average of $41.77 and a two-hundred day simple moving average of $36.04. Marathon Petroleum Co. has a 12-month low of $15.26 and a 12-month high of $60.35. The firm has a market cap of $28.84 billion, a PE ratio of -2.93 and a beta of 2.25. The company has a current ratio of 1.84, a quick ratio of 1.32 and a debt-to-equity ratio of 0.99.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Saturday, November 7th. The oil and gas company reported ($1.00) EPS for the quarter, beating analysts’ consensus estimates of ($1.70) by $0.70. Marathon Petroleum had a negative return on equity of 1.81% and a negative net margin of 11.11%. The company had revenue of $17.55 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the business posted $1.63 EPS. Marathon Petroleum’s revenue for the quarter was down 36.6% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post -3.37 earnings per share for the current year.

A number of brokerages have issued reports on MPC. Mizuho cut their target price on Marathon Petroleum from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Citigroup cut their target price on Marathon Petroleum from $38.00 to $30.00 in a research note on Thursday, September 24th. Morgan Stanley raised their target price on Marathon Petroleum from $39.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, December 11th. BidaskClub cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, December 18th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their price target on Marathon Petroleum from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $41.93.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

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

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