Teacher Retirement System of Texas Has $19.16 Million Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Teacher Retirement System of Texas cut its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 74.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,508 shares of the oil and gas company's stock after selling 389,921 shares during the period. Teacher Retirement System of Texas' holdings in Marathon Petroleum were worth $19,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. raised its stake in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 227 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth about $35,000. OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at about $44,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at about $52,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. Evercore ISI initiated coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price objective on the stock. Scotiabank lowered their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley lowered their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus price target of $176.13.

Marathon Petroleum Stock Performance

MPC traded down $2.46 during midday trading on Friday, reaching $172.01. The company's stock had a trading volume of 1,135,939 shares, compared to its average volume of 2,712,989. The stock has a market cap of $52.84 billion, a P/E ratio of 24.19, a PEG ratio of 3.46 and a beta of 0.88. The company has a fifty day simple moving average of $159.64 and a 200 day simple moving average of $148.41. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the firm earned $2.58 EPS. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 51.20%.

Marathon Petroleum Company 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.