Public Employees Retirement System of Ohio Sells 13,224 Shares of Marathon Petroleum Corporation $MPC

Public Employees Retirement System of Ohio trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 10.7% in the first quarter, HoldingsChannel reports. The firm owned 110,749 shares of the oil and gas company’s stock after selling 13,224 shares during the period. Public Employees Retirement System of Ohio’s holdings in Marathon Petroleum were worth $27,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Equitable Trust Co. grew its holdings in shares of Marathon Petroleum by 1.6% during the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 42 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 0.4% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 42 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Marathon Petroleum by 1.6% in the first quarter. Hunter Associates Investment Management LLC now owns 3,220 shares of the oil and gas company’s stock valued at $786,000 after buying an additional 50 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Marathon Petroleum by 2.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock worth $333,000 after buying an additional 51 shares in the last quarter. Finally, IFG Advisory LLC grew its holdings in Marathon Petroleum by 1.5% during the 4th quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock worth $558,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $309.14 on Friday. The business’s 50-day simple moving average is $268.66 and its 200 day simple moving average is $232.62. 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 stock has a market cap of $90.25 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 0.21 and a beta of 0.52. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $326.92.

Marathon Petroleum (NYSE:MPC) last announced 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 return on equity of 16.22% and a net margin of 3.36%.The firm had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the previous year, the business posted ($0.24) EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 40.64 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Marathon Petroleum’s payout ratio is currently 26.11%.

Insider Buying and Selling at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Mizuho raised their price objective on shares of Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Scotiabank upped their target price on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. TD Cowen raised their price target on shares of Marathon Petroleum from $315.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.69.

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.