Trust Co. of Oklahoma Purchases New Position in Marathon Petroleum Corporation $MPC

Trust Co. of Oklahoma bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the first quarter, HoldingsChannel.com reports. The fund bought 2,062 shares of the oil and gas company’s stock, valued at approximately $503,000.

A number of other hedge funds also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC lifted its position in Marathon Petroleum by 3.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 10,623 shares of the oil and gas company’s stock valued at $2,594,000 after purchasing an additional 336 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Marathon Petroleum by 188.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 4,795 shares of the oil and gas company’s stock worth $1,171,000 after buying an additional 3,132 shares during the last quarter. Apella Capital LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter valued at about $337,000. Consilium Wealth Advisory LLC bought a new position in shares of Marathon Petroleum in the 1st quarter valued at about $963,000. Finally, Miller Howard Investments Inc. NY grew its position in Marathon Petroleum by 6.7% in the first quarter. Miller Howard Investments Inc. NY now owns 47,097 shares of the oil and gas company’s stock worth $11,500,000 after acquiring an additional 2,958 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MPC shares. JPMorgan Chase & Co. boosted their price objective on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Bank of America lifted their target price on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. UBS Group set a $285.00 target price on Marathon Petroleum in a research report on Wednesday, May 6th. Scotiabank increased their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, TD Cowen raised their price target on Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.94.

Marathon Petroleum Trading Down 0.8%

MPC stock opened at $246.42 on Thursday. The company has a market capitalization of $71.94 billion, a PE ratio of 16.08, a P/E/G ratio of 0.38 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The firm’s 50-day moving average is $246.61 and its 200 day moving average is $215.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) EPS. On average, research analysts anticipate that Marathon Petroleum Corporation will post 31.35 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s payout ratio is presently 26.11%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.