Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $12.52 Million Position in Marathon Petroleum Corporation $MPC

by · The Cerbat Gem

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,346 shares of the oil and gas company’s stock after purchasing an additional 3,081 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marathon Petroleum were worth $12,516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MPC. Activest Wealth Management raised its holdings in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. NewSquare Capital LLC increased its holdings in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Marathon Petroleum in the first quarter worth approximately $32,000. Finally, Stone House Investment Management LLC grew its holdings in Marathon Petroleum by 46.1% during the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after buying an additional 71 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

MPC opened at $199.91 on Monday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.30. The firm has a 50-day moving average of $189.65 and a 200 day moving average of $174.53. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The firm has a market cap of $60.09 billion, a P/E ratio of 21.31, a PEG ratio of 3.83 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC – Get Free Report) last released 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 net margin of 2.13% and a return on equity of 9.76%. The firm had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. On average, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 2.0%. 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. Marathon Petroleum’s dividend payout ratio is currently 38.81%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPC shares. Wall Street Zen upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group increased their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Raymond James Financial set a $200.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Hold” and an average price target of $201.57.

Check Out Our Latest Stock Report on Marathon Petroleum

About Marathon Petroleum

(Free Report)

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.

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