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% in the fourth quarter, Holdings Channel.com reports. The firm owned 69,922 shares of the oil and gas company’s stock after selling 3,084 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marathon Petroleum were worth $11,371,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $2,891,000. Diversified Trust Co. increased its position in Marathon Petroleum by 39.3% during the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after purchasing an additional 4,419 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $1,004,000. KKM Financial LLC increased its position in Marathon Petroleum by 27.6% during the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after purchasing an additional 5,661 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in Marathon Petroleum during the 4th quarter worth approximately $791,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 4,473 shares of company stock worth $1,015,428 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 4.0%

MPC opened at $258.73 on Tuesday. Marathon Petroleum Corporation has a twelve month low of $155.93 and a twelve month high of $264.14. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average of $240.73 and a 200-day moving average of $208.19. The stock has a market cap of $75.53 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping 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 prior year, the company posted ($0.24) earnings per share. Marathon Petroleum’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

Marathon Petroleum Dividend Announcement

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

Key Stories Impacting Marathon Petroleum

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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Citigroup upped their price objective on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets upped their price objective on shares of Marathon Petroleum from $255.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group set a $285.00 price target on shares of Marathon Petroleum in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $268.50.

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.