Diversified Trust Co. Grows Stock Holdings in Marathon Petroleum Corporation $MPC

Diversified Trust Co. lifted its holdings in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 39.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,675 shares of the oil and gas company’s stock after acquiring an additional 4,419 shares during the quarter. Diversified Trust Co.’s holdings in Marathon Petroleum were worth $2,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MPC. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum during the second quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marathon Petroleum during the 3rd quarter worth about $39,000. IAG Wealth Partners LLC purchased a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $39,000. WFA of San Diego LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $33,000. Finally, Transce3nd LLC lifted 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. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the transaction, the insider directly owned 7,525 shares in the company, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MPC has been the topic of a number of recent research reports. Scotiabank restated an “outperform” rating and issued a $174.00 target price on shares of Marathon Petroleum in a research note on Friday, January 16th. Weiss Ratings downgraded Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. BMO Capital Markets upped their price objective 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 raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Piper Sandler cut their target price 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. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average price target of $205.44.

Check Out Our Latest Report on MPC

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $243.97 on Wednesday. The firm has a market cap of $71.85 billion, a PE ratio of 18.28, a P/E/G ratio of 1.39 and a beta of 0.69. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $247.14. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $201.51 and a 200 day moving average price of $191.04.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. Marathon Petroleum’s revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict 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, March 10th. Stockholders of record on Wednesday, February 18th were given 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 dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is 29.96%.

Marathon Petroleum Profile

(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.

See Also

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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