GSA Capital Partners LLP Sells 62,266 Shares of Marathon Petroleum Corp (MPC)

GSA Capital Partners LLP cut its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 89.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,285 shares of the oil and gas company’s stock after selling 62,266 shares during the period. GSA Capital Partners LLP’s holdings in Marathon Petroleum Corp were worth $367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Marathon Petroleum Corp by 3.2% in the fourth quarter. State Street Corp now owns 27,922,089 shares of the oil and gas company’s stock worth $1,405,870,000 after buying an additional 853,983 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Marathon Petroleum Corp by 9.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,250,746 shares of the oil and gas company’s stock worth $659,618,000 after buying an additional 1,456,438 shares during the last quarter. Morgan Stanley increased its stake in shares of Marathon Petroleum Corp by 270.2% in the third quarter. Morgan Stanley now owns 11,984,895 shares of the oil and gas company’s stock worth $486,467,000 after buying an additional 8,747,283 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Marathon Petroleum Corp by 3.3% in the third quarter. BlackRock Fund Advisors now owns 10,050,327 shares of the oil and gas company’s stock worth $407,943,000 after buying an additional 316,416 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Marathon Petroleum Corp by 1.3% in the third quarter. BlackRock Group LTD now owns 8,719,540 shares of the oil and gas company’s stock worth $353,925,000 after buying an additional 114,238 shares during the last quarter. 78.16% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Corp (NYSE:MPC) traded up 0.04% on Friday, hitting $48.56. The stock had a trading volume of 4,201,443 shares. Marathon Petroleum Corp has a one year low of $32.02 and a one year high of $54.59. The company’s 50-day moving average price is $49.90 and its 200 day moving average price is $47.82. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 21.97 and a beta of 1.74.

Marathon Petroleum Corp (NYSE:MPC) last announced its earnings results on Wednesday, February 1st. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. The firm had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $14.54 billion. Marathon Petroleum Corp had a net margin of 1.85% and a return on equity of 5.74%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. Analysts expect that Marathon Petroleum Corp will post $2.91 earnings per share for the current year.

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A number of brokerages have recently commented on MPC. Citigroup Inc restated a “buy” rating and issued a $67.00 target price (down previously from $68.50) on shares of Marathon Petroleum Corp in a research note on Saturday. Scotiabank reiterated a “hold” rating and set a $55.00 price target on shares of Marathon Petroleum Corp in a research report on Monday, February 6th. Credit Suisse Group AG reiterated a “buy” rating and set a $63.00 price target on shares of Marathon Petroleum Corp in a research report on Friday, March 3rd. Jefferies Group LLC lowered their price target on Marathon Petroleum Corp from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, January 23rd. Finally, Barclays PLC lowered their price target on Marathon Petroleum Corp from $68.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, February 2nd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $56.42.

In other news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were purchased at an average price of $49.94 per share, for a total transaction of $99,880.00. Following the acquisition, the director now directly owns 8,776 shares of the company’s stock, valued at approximately $438,273.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.03% of the company’s stock.

Marathon Petroleum Corp 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.