Whittier Trust Co. of Nevada Inc. Has $5.59 Million Position in Marathon Petroleum Corporation $MPC

Whittier Trust Co. of Nevada Inc. grew its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,143 shares of the oil and gas company’s stock after purchasing an additional 2,400 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Marathon Petroleum were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. Diversified Trust Co. increased its stake in Marathon Petroleum by 39.3% during the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after purchasing an additional 4,419 shares in the last quarter. North Dakota State Investment Board acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $1,714,000. USA Financial Formulas acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $791,000. KBC Group NV increased its position in shares of Marathon Petroleum by 22.4% during the fourth quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock worth $36,728,000 after acquiring an additional 41,259 shares in the last quarter. Finally, KKM Financial LLC raised its holdings in shares of Marathon Petroleum by 27.6% in the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after acquiring an additional 5,661 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Activity

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MPC shares. Morgan Stanley increased their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, TD Cowen cut their price objective on shares of Marathon Petroleum from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $272.62.

Marathon Petroleum Stock Performance

MPC stock traded down $0.83 during mid-day trading on Tuesday, hitting $268.16. The company had a trading volume of 365,800 shares, compared to its average volume of 2,475,678. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The firm has a market cap of $78.29 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.39 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 stock’s fifty day moving average price is $252.10 and its two-hundred day moving average price is $219.16.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same quarter last year, the business posted ($0.24) EPS. Marathon Petroleum’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Corporation will post 32.96 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. Marathon Petroleum’s payout ratio is presently 26.11%.

About Marathon Petroleum

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.