Strs Ohio Has $1.24 Million Stake in Marathon Petroleum Corporation $MPC

Strs Ohio decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 89.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC grew its holdings in Marathon Petroleum by 2.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 60 shares during the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Marathon Petroleum by 3.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 63 shares during the period. Werba Rubin Papier Wealth Management lifted its position in shares of Marathon Petroleum by 4.2% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock worth $262,000 after acquiring an additional 64 shares during the period. Sunpointe LLC lifted its position in shares of Marathon Petroleum by 4.1% in the 2nd quarter. Sunpointe LLC now owns 1,750 shares of the oil and gas company’s stock worth $291,000 after acquiring an additional 69 shares during the period. Finally, Wallace Advisory Group LLC lifted its position in shares of Marathon Petroleum by 3.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 2,258 shares of the oil and gas company’s stock worth $375,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MPC shares. Citigroup raised their target price on Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Wells Fargo & Company dropped 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. Morgan Stanley raised their price target on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Dbs Bank raised Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Finally, Raymond James Financial set a $200.00 price target on Marathon Petroleum in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Insiders Place Their Bets

In other news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 1.3%

Shares of Marathon Petroleum stock opened at $186.13 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61. The business has a fifty day simple moving average of $187.31 and a 200 day simple moving average of $171.26. The stock has a market cap of $56.59 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.85 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. The business had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.79% and a net margin of 2.13%. Research analysts predict 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. Shareholders of record on Wednesday, November 19th will be issued a dividend of $1.00 per share. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is presently 54.01%.

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.