Marathon Petroleum Corporation $MPC Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,535 shares of the oil and gas company’s stock after buying an additional 17,627 shares during the quarter. Teacher Retirement System of Texas’ holdings in Marathon Petroleum were worth $23,232,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Delos Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $25,000. Activest Wealth Management increased its position in Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. NewSquare Capital LLC raised its stake in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. WFA of San Diego LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at about $33,000. Finally, Transce3nd LLC lifted its holdings in Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent research reports. Piper Sandler lowered their price target on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. UBS Group boosted their price target on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Hold” and a consensus price target of $195.71.

Check Out Our Latest Analysis on Marathon Petroleum

Marathon Petroleum Stock Performance

NYSE:MPC opened at $175.39 on Friday. The company has a market cap of $52.72 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.76 and a beta of 0.74. The firm’s 50 day moving average is $179.65 and its two-hundred day moving average is $180.70. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. 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 — Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.01. The company had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. 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 was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were issued a $1.00 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

About Marathon Petroleum

(Free Report)

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.

Further Reading

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