Chevy Chase Trust Holdings Inc. decreased its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,530 shares of the oil and gas company’s stock after selling 18,439 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Marathon Petroleum were worth $28,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zeke Capital Advisors LLC lifted its stake in Marathon Petroleum by 30.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 2,069 shares in the last quarter. Vaughan David Investments Inc. IL lifted its stake in Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after acquiring an additional 602,879 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in Marathon Petroleum by 97.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 55,994 shares of the oil and gas company’s stock worth $3,140,000 after acquiring an additional 27,655 shares in the last quarter. APG Asset Management N.V. lifted its stake in Marathon Petroleum by 14.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock worth $166,097,000 after acquiring an additional 362,600 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Marathon Petroleum by 84.5% during the 3rd quarter. Shell Asset Management Co. now owns 57,225 shares of the oil and gas company’s stock worth $4,845,000 after acquiring an additional 26,212 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Thomas M. Kelley sold 35,604 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.75, for a total value of $2,305,359.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now owns 32,205 shares in the company, valued at approximately $2,005,083.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,854 shares of company stock worth $9,482,177. Company insiders own 1.05% of the company’s stock.

A number of equities research analysts have issued reports on MPC shares. Goldman Sachs Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Edward Jones raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Barclays reaffirmed an “overweight” rating and issued a $63.00 price target (up previously from $62.00) on shares of Marathon Petroleum in a research report on Tuesday, October 10th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, October 16th. Finally, Cowen reaffirmed a “buy” rating and issued a $60.00 price target on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $70.33.

Marathon Petroleum Corp (NYSE MPC) opened at $71.59 on Thursday. Marathon Petroleum Corp has a 1-year low of $46.88 and a 1-year high of $73.53. The company has a market capitalization of $34,970.00, a PE ratio of 22.37, a PEG ratio of 1.13 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. sell-side analysts forecast that Marathon Petroleum Corp will post 3.76 earnings per share for the current year.

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Marathon Petroleum Company Profile

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 (NYSE:MPC)

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