Police & Firemen s Retirement System of New Jersey Raises Stock Holdings in Marathon Petroleum Corporation $MPC

Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,330 shares of the oil and gas company’s stock after purchasing an additional 692 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Marathon Petroleum were worth $7,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MPC. Vanguard Group Inc. boosted its holdings in shares of Marathon Petroleum by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock valued at $5,090,611,000 after buying an additional 3,834,501 shares in the last quarter. Wellington Management Group LLP lifted its position in Marathon Petroleum by 18.7% during the first quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock valued at $1,722,664,000 after acquiring an additional 1,862,674 shares during the last quarter. Geode Capital Management LLC boosted its stake in Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after acquiring an additional 1,033,645 shares in the last quarter. Boston Partners grew its holdings in Marathon Petroleum by 13.0% in the second quarter. Boston Partners now owns 6,155,996 shares of the oil and gas company’s stock worth $1,023,110,000 after purchasing an additional 707,482 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Marathon Petroleum by 6.3% in the first quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company’s stock worth $879,608,000 after purchasing an additional 355,215 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Down 1.1%

Marathon Petroleum stock opened at $194.75 on Friday. The stock has a 50-day moving average price of $189.25 and a 200 day moving average price of $173.59. The company has a market capitalization of $58.54 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.25. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is 38.81%.

Analysts Set New Price Targets

Several analysts have recently commented on MPC shares. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. UBS Group upped their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Wells Fargo & Company lowered their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. TD Cowen dropped their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, BMO Capital Markets upped their price objective on shares of Marathon Petroleum from $195.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.