New York State Teachers Retirement System Has $39.66 Million Holdings in Marathon Petroleum Corporation (NYSE:MPC)

New York State Teachers Retirement System decreased its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,224 shares of the oil and gas company's stock after selling 18,114 shares during the period. New York State Teachers Retirement System owned 0.09% of Marathon Petroleum worth $39,660,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Marathon Petroleum by 78.1% during the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after purchasing an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC raised its position in Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after acquiring an additional 4,151,722 shares in the last quarter. Norges Bank acquired a new stake in Marathon Petroleum in the fourth quarter valued at $453,427,000. GAMMA Investing LLC increased its stake in shares of Marathon Petroleum by 14,969.1% during the 1st quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock worth $224,503,000 after purchasing an additional 1,530,737 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Marathon Petroleum by 37.4% in the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $4.47 during mid-day trading on Wednesday, reaching $174.42. 1,555,504 shares of the company were exchanged, compared to its average volume of 2,709,321. The firm has a market cap of $53.58 billion, a PE ratio of 24.53, a PEG ratio of 3.34 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a fifty day simple moving average of $157.46 and a 200-day simple moving average of $147.67. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 EPS. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a research report on Monday. Morgan Stanley dropped their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Mizuho lifted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays raised their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.13.

About Marathon Petroleum

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.