Diversified Trust Co Purchases 7,314 Shares of Marathon Petroleum Co. (NYSE:MPC)

Diversified Trust Co grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 51.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,455 shares of the oil and gas company’s stock after buying an additional 7,314 shares during the quarter. Diversified Trust Co’s holdings in Marathon Petroleum were worth $4,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Vima LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Manchester Capital Management LLC raised its position in shares of Marathon Petroleum by 97.2% during the 4th quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 106 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Raymond James decreased their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 30th. Bank of America lifted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Mizuho decreased their target price on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. The Goldman Sachs Group lifted their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Piper Sandler decreased their target price on shares of Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $191.31.

Marathon Petroleum Trading Up 0.0 %

Shares of MPC traded up $0.07 during trading hours on Monday, reaching $173.55. 501,046 shares of the company traded hands, compared to its average volume of 2,711,569. The company’s fifty day moving average price is $178.71 and its two-hundred day moving average price is $175.96. The company has a market capitalization of $61.15 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a 12 month low of $112.82 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. The firm had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.09 EPS. Equities research analysts predict that Marathon Petroleum Co. will post 17.85 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Wednesday, May 15th. Marathon Petroleum’s payout ratio is 16.48%.

Marathon Petroleum announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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.