California Public Employees Retirement System Has $114.97 Million Stake in Marathon Petroleum Corporation $MPC

California Public Employees Retirement System grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 596,488 shares of the oil and gas company’s stock after buying an additional 17,244 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Marathon Petroleum worth $114,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter worth $25,000. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $33,000. Transce3nd LLC grew its holdings in shares of 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 buying an additional 205 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at $38,000. Finally, IAG Wealth Partners LLC acquired a new stake in Marathon Petroleum during the 3rd quarter worth $39,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Performance

NYSE MPC opened at $229.36 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. The firm’s fifty day moving average price is $194.20 and its two-hundred day moving average price is $188.67. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $236.10. The firm has a market capitalization of $67.60 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.69.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.7%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider owned 10,188 shares of the company’s stock, valued at $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on MPC shares. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. BMO Capital Markets raised their price target on Marathon Petroleum from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. UBS Group reiterated a “buy” rating and issued a $221.00 price objective on shares of Marathon Petroleum in a research report on Friday, February 6th. Finally, Barclays dropped their target price on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.25.

Marathon Petroleum Company 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.