Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.37 Million Stock Holdings in Marathon Petroleum Corporation $MPC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,922 shares of the oil and gas company’s stock after selling 3,084 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marathon Petroleum were worth $11,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in shares of Marathon Petroleum during the third quarter worth $2,891,000. Diversified Trust Co. raised its holdings in shares of Marathon Petroleum by 39.3% during the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after acquiring an additional 4,419 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Marathon Petroleum during the third quarter worth $1,004,000. USA Financial Formulas acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $791,000. Finally, KKM Financial LLC raised its holdings in shares of Marathon Petroleum by 27.6% during the third quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after acquiring an additional 5,661 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $258.73 on Tuesday. The firm has a 50 day moving average of $240.73 and a 200-day moving average of $208.19. The stock has a market capitalization of $75.53 billion, a PE ratio of 16.89, a PEG ratio of 0.40 and a beta of 0.52. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12 month low of $155.93 and a 12 month high of $264.14.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the previous year, the company earned ($0.24) EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.5%. Marathon Petroleum’s payout ratio is 26.11%.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPC. Morgan Stanley raised their target price on shares of Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. BMO Capital Markets raised their target price on shares of Marathon Petroleum from $255.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised their target price on shares of Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $268.50.

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Zacks named Marathon Petroleum one of its top-ranked growth stocks for June 1, putting MPC on a Zacks Rank #1 (Strong Buy) list. Best Growth Stocks to Buy for June 1st
• Positive Sentiment: Another Zacks feature highlighted MPC as a stock that could beat earnings in its upcoming report, reinforcing expectations for a favorable fundamental setup. Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
• Positive Sentiment: Analyst commentary also described Wall Street sentiment as optimistic, with Marathon Petroleum’s average brokerage recommendation effectively at Buy. Is Marathon Petroleum (MPC) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Energy-sector outlook articles also listed MPC among oil stocks that could benefit from tighter supply and renewed strength in crude markets after Iran-U.S. peace talks collapsed. Oil Stocks Look Poised for Another Leg Higher
• Neutral Sentiment: Several roundup articles mentioned MPC alongside other energy names, but did not introduce any company-specific catalyst beyond broad sector positioning.

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.