Private Trust Co. NA Has $479,000 Stock Position in Marathon Petroleum Corporation (NYSE:MPC)

Private Trust Co. NA increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,285 shares of the oil and gas company’s stock after purchasing an additional 96 shares during the period. Private Trust Co. NA’s holdings in Marathon Petroleum were worth $479,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MPC. Buckley Wealth Management LLC grew its stake in Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company’s stock valued at $1,998,000 after acquiring an additional 75 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in shares of Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company’s stock valued at $928,000 after purchasing an additional 76 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Marathon Petroleum by 19.0% in the fourth quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 80 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Marathon Petroleum by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,291 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 84 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of Marathon Petroleum by 2.3% in the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock valued at $554,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $172.01 on Friday. The stock has a market cap of $52.84 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The stock has a fifty day moving average of $159.64 and a 200-day moving average of $148.41.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The business had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPC. Raymond James Financial restated a “strong-buy” rating on shares of Marathon Petroleum in a report on Monday, June 30th. Morgan Stanley dropped their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Mizuho lifted their price target on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Evercore ISI assumed coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an “in-line” rating and a $170.00 price target on the stock. Finally, Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.13.

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.