Teachers Retirement System of The State of Kentucky Has $3.46 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,777 shares of the oil and gas company's stock after selling 4,182 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Marathon Petroleum were worth $3,457,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MPC. OLD Second National Bank of Aurora grew its position in shares of Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after buying an additional 67 shares during the last quarter. Nixon Peabody Trust Co. boosted its holdings in Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after acquiring an additional 68 shares during the last quarter. Lake Street Advisors Group LLC increased its position in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after purchasing an additional 69 shares during the period. DT Investment Partners LLC raised its holdings in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 71 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 2.4 %

NYSE MPC opened at $134.52 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $41.91 billion, a P/E ratio of 13.55, a PEG ratio of 3.11 and a beta of 1.04. The business has a fifty day simple moving average of $139.47 and a 200 day simple moving average of $146.76. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $201.36.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. The firm's revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $3.98 earnings per share. On average, analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Insider Buying and Selling

In related news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MPC has been the subject of several recent analyst reports. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Barclays lowered their target price on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Raymond James cut their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Scotiabank decreased their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average target price of $175.79.

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.

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