Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,078 shares of the oil and gas company's stock after selling 9,719 shares during the quarter. Diversified Trust Co's holdings in Marathon Petroleum were worth $2,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MPC. NBC Securities Inc. lifted its stake in shares of Marathon Petroleum by 0.9% in the 1st quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company's stock valued at $1,276,000 after purchasing an additional 55 shares in the last quarter. Guidance Capital Inc. grew its stake in Marathon Petroleum by 1.1% during the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company's stock worth $1,135,000 after buying an additional 57 shares during the period. WR Wealth Planners LLC increased its position in shares of Marathon Petroleum by 15.2% in the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company's stock worth $75,000 after acquiring an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Marathon Petroleum by 27.3% in the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company's stock valued at $55,000 after acquiring an additional 59 shares during the period. Finally, First Financial Corp IN lifted its holdings in shares of Marathon Petroleum by 2.5% during the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company's stock valued at $489,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley lowered their price target on Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Wolfe Research assumed coverage on Marathon Petroleum in a report on Thursday, July 18th. They set an "outperform" rating and a $200.00 target price on the stock. TD Cowen boosted their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a "sector outperform" rating for the company in a research report on Friday, July 12th. Finally, Tudor Pickering cut shares of Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and an average price target of $196.14.

Marathon Petroleum Stock Down 7.6 %

Marathon Petroleum stock traded down $13.25 during midday trading on Tuesday, hitting $160.02. The stock had a trading volume of 5,057,485 shares, compared to its average volume of 2,706,661. 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 business has a fifty day moving average price of $169.71 and a 200 day moving average price of $178.07. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11. The stock has a market cap of $56.38 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.59 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts' consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the previous year, the company posted $5.32 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Research analysts predict that Marathon Petroleum Co. will post 10.56 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 16.48%.

About Marathon Petroleum

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.