Blue Trust Inc. Has $1.07 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

Blue Trust Inc. grew its holdings in Marathon Petroleum Co. (NYSE:MPC) by 74.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,175 shares of the oil and gas company’s stock after purchasing an additional 2,642 shares during the period. Blue Trust Inc.’s holdings in Marathon Petroleum were worth $1,071,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Raymond James & Associates increased its holdings in shares of Marathon Petroleum by 2.6% in the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock valued at $743,690,000 after purchasing an additional 107,915 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Marathon Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock worth $620,815,000 after buying an additional 31,100 shares during the last quarter. Boston Partners increased its holdings in Marathon Petroleum by 0.3% in the first quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock worth $558,390,000 after buying an additional 8,476 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Marathon Petroleum by 8.5% in the second quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock worth $463,160,000 after buying an additional 209,270 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Marathon Petroleum by 7.6% in the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock worth $335,241,000 after buying an additional 117,790 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.0 %

MPC opened at $158.30 on Monday. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $55.77 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 2.65 and a beta of 1.37. The business has a 50 day moving average of $167.72 and a 200-day moving average of $175.38.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.32 earnings per share. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.08%. Marathon Petroleum’s payout ratio is 16.48%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Bank of America initiated coverage on Marathon Petroleum in a report on Thursday. They issued a “neutral” rating and a $174.00 price objective on the stock. Scotiabank dropped their price objective on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup decreased their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Morgan Stanley decreased their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.00.

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.