Strs Ohio Sells 64,421 Shares of Marathon Petroleum Corporation $MPC

Strs Ohio lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 89.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,449 shares of the oil and gas company’s stock after selling 64,421 shares during the period. Strs Ohio’s holdings in Marathon Petroleum were worth $1,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Activest Wealth Management raised its stake in Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 201 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new position in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. Finally, Operose Advisors LLC acquired a new position in shares of Marathon Petroleum in the first quarter valued at approximately $42,000. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI upped their target price on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Mizuho increased their price target on Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Raymond James Financial set a $200.00 price target on Marathon Petroleum in a research report on Tuesday. Bank of America increased their price target on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets increased their price target on Marathon Petroleum from $195.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Up 1.3%

Shares of MPC stock opened at $186.13 on Thursday. The stock’s fifty day moving average price is $187.31 and its two-hundred day moving average price is $171.26. The company has a market cap of $56.59 billion, a PE ratio of 19.84, a P/E/G ratio of 3.85 and a beta of 0.90. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $201.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.79% and a net margin of 2.13%.The firm had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently disclosed 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 is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

About Marathon Petroleum

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.