Pinnacle Bank lowered its position in Marathon Petroleum Co. (NYSE:MPC) by 20.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,516 shares of the oil and gas company’s stock after selling 643 shares during the period. Pinnacle Bank’s holdings in Marathon Petroleum were worth $104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPC. Advisory Alpha LLC purchased a new stake in shares of Marathon Petroleum in the third quarter valued at about $25,000. Dimension Capital Management LLC purchased a new stake in shares of Marathon Petroleum in the third quarter valued at about $30,000. Jeppson Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the third quarter valued at about $32,000. Demars Financial Group LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at about $36,000. Finally, Larson Financial Group LLC grew its holdings in shares of Marathon Petroleum by 34.5% in the third quarter. Larson Financial Group LLC now owns 1,391 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 357 shares during the period. 66.98% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on MPC. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their target price on shares of Marathon Petroleum from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 20th. Morgan Stanley increased their target price on shares of Marathon Petroleum from $39.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, December 11th. Mizuho lowered their target price on shares of Marathon Petroleum from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. ValuEngine raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Thursday, October 8th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating and set a $32.00 target price for the company in a research note on Monday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.93.

MPC stock opened at $44.32 on Thursday. 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 Co. has a twelve month low of $15.26 and a twelve month high of $60.35. The company’s 50 day moving average is $41.77 and its two-hundred day moving average is $36.04. The stock has a market cap of $28.84 billion, a P/E ratio of -2.93 and a beta of 2.25.

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. The business had revenue of $17.55 billion for the quarter, compared to analysts’ expectations of $18.08 billion. Marathon Petroleum had a negative net margin of 11.11% and a negative return on equity of 1.81%. The company’s quarterly revenue was down 36.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. On average, equities research analysts predict that Marathon Petroleum Co. will post -3.37 earnings per share for the current year.

About Marathon Petroleum

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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