Public Employees Retirement Association of Colorado reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,892 shares of the oil and gas company’s stock after selling 6,119 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Marathon Petroleum Corporation were worth $5,378,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Accurate Investment Solutions Inc. raised its stake in Marathon Petroleum Corporation by 0.4% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after buying an additional 14 shares during the period. Capital Investment Advisors LLC raised its stake in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock worth $336,000 after buying an additional 19 shares during the period. Good Life Advisors LLC raised its stake in Marathon Petroleum Corporation by 0.5% during the 2nd quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after buying an additional 35 shares during the period. Parallel Advisors LLC raised its stake in Marathon Petroleum Corporation by 0.6% during the 2nd quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after buying an additional 36 shares during the period. Finally, Warren Averett Asset Management LLC raised its stake in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.

In related news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.05% of the stock is currently owned by insiders.

Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at $62.20 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $30,379.24, a PE ratio of 18.91, a P/E/G ratio of 1.61 and a beta of 1.59. Marathon Petroleum Corporation has a 12-month low of $40.93 and a 12-month high of $62.78.

Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. The business had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. Marathon Petroleum Corporation’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. research analysts expect that Marathon Petroleum Corporation will post 3.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum Corporation’s dividend payout ratio is currently 49.08%.

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MPC has been the topic of several research analyst reports. Scotiabank reaffirmed a “hold” rating and set a $55.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, September 1st. BidaskClub raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $64.00 price objective (down previously from $65.00) on shares of Marathon Petroleum Corporation in a research note on Wednesday, September 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, October 16th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $62.07.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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

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