New York State Common Retirement Fund Boosts Holdings in Marathon Petroleum Corporation $MPC

New York State Common Retirement Fund grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,600 shares of the oil and gas company’s stock after acquiring an additional 4,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Marathon Petroleum were worth $29,219,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Associated Banc Corp lifted its stake in Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 52 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Marathon Petroleum by 2.6% in the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after buying an additional 59 shares during the period. FSM Wealth Advisors LLC lifted its stake in shares of Marathon Petroleum by 1.6% during the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after acquiring an additional 63 shares during the last quarter. Warwick Investment Management Inc. boosted its holdings in Marathon Petroleum by 4.6% during the 3rd quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 63 shares during the period. Finally, Werba Rubin Papier Wealth Management boosted its holdings in Marathon Petroleum by 4.2% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 64 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Zacks Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Scotiabank reiterated an “outperform” rating and set a $174.00 price objective on shares of Marathon Petroleum in a report on Friday, January 16th. Barclays lowered their price objective on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Morgan Stanley raised their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $196.67.

Marathon Petroleum Stock Up 0.2%

Shares of Marathon Petroleum 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. The stock has a market cap of $52.92 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.80 and a beta of 0.74. The firm’s 50-day moving average is $177.62 and its two-hundred day moving average is $180.50. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its quarterly 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 firm had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. As a group, research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

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.