Marathon Petroleum Corporation $MPC Shares Purchased by Diversified Trust Co.

Diversified Trust Co. boosted its position in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 39.3% in the 4th quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MPC. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Marathon Petroleum by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 124,746 shares of the oil and gas company’s stock worth $21,228,000 after buying an additional 1,638 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in shares of Marathon Petroleum by 3.9% during the 4th quarter. Occidental Asset Management LLC now owns 3,447 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 128 shares during the last quarter. Procyon Advisors LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $1,206,000. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Marathon Petroleum by 87.8% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 8,319 shares of the oil and gas company’s stock valued at $1,418,000 after buying an additional 3,890 shares in the last quarter. Finally, Hilltop National Bank raised its holdings in shares of Marathon Petroleum by 96.7% during the 4th quarter. Hilltop National Bank now owns 1,066 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Key Stories Impacting Marathon Petroleum

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

Analysts Set New Price Targets

Several research firms recently issued reports on MPC. Weiss Ratings cut shares of Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. BMO Capital Markets lifted their price target on shares of Marathon Petroleum from $225.00 to $230.00 and gave the company 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 research report on Saturday, March 7th. Citigroup lifted their target price on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.44.

Check Out Our Latest Stock Report on Marathon Petroleum

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the sale, the insider owned 10,188 shares in the company, valued at $2,290,058.64. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 4,473 shares of company stock worth $1,015,428. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC opened at $243.97 on Wednesday. The company has a market cap of $71.85 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.39 and a beta of 0.69. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $247.14. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a 50-day moving average of $201.51 and a two-hundred day moving average of $191.04.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a 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

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

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