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

Diversified Trust Co boosted its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 51.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,455 shares of the oil and gas company's stock after acquiring an additional 7,314 shares during the quarter. Diversified Trust Co's holdings in Marathon Petroleum were worth $4,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC boosted its holdings in Marathon Petroleum by 202.2% in the first quarter. MorganRosel Wealth Management LLC now owns 7,126 shares of the oil and gas company's stock valued at $1,436,000 after acquiring an additional 4,768 shares during the last quarter. Successful Portfolios LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth about $265,000. Chatham Capital Group Inc. lifted its stake in shares of Marathon Petroleum by 4.1% during the first quarter. Chatham Capital Group Inc. now owns 2,076 shares of the oil and gas company's stock worth $418,000 after purchasing an additional 82 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Marathon Petroleum by 52.7% during the first quarter. New Mexico Educational Retirement Board now owns 33,629 shares of the oil and gas company's stock worth $6,776,000 after purchasing an additional 11,600 shares in the last quarter. Finally, Founders Financial Securities LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth about $816,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of recent research reports. StockNews.com cut Marathon Petroleum from a "buy" rating to a "hold" rating in a research note on Friday, June 14th. Mizuho reduced their price objective on Marathon Petroleum from $203.00 to $201.00 and set a "neutral" rating on the stock in a research note on Thursday, June 20th. Tudor Pickering raised Marathon Petroleum to a "strong-buy" rating in a research report on Thursday, May 30th. The Goldman Sachs Group lifted their target price on Marathon Petroleum from $175.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, March 22nd. Finally, Barclays dropped their target price on Marathon Petroleum from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $191.31.

Marathon Petroleum Stock Up 0.8 %

NYSE:MPC traded up $1.31 during trading hours on Monday, hitting $174.79. 1,695,894 shares of the stock traded hands, compared to its average volume of 2,721,203. The firm has a 50 day moving average price of $178.71 and a 200 day moving average price of $175.96. The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a fifty-two week low of $112.82 and a fifty-two week high of $221.11. The firm has a market cap of $61.58 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.62 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.07 billion. During the same period in the previous year, the business earned $6.09 EPS. The company's revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post 17.85 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, May 15th. Marathon Petroleum's dividend payout ratio (DPR) is presently 16.48%.

Marathon Petroleum announced that its Board of Directors has initiated a share buyback program on Tuesday, April 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Marathon Petroleum Company 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.