The Marathon Petroleum Corporation (MPC) Stake Maintained by Capital City Trust Co. FL

The Marathon Petroleum Corporation (MPC) Stake Maintained by Capital City Trust Co. FL

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. raised its position in Marathon Petroleum Corporation by 12.3% in the first quarter. Carroll Financial Associates Inc. now owns 2,287 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 250 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Marathon Petroleum Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 167,886 shares of the oil and gas company’s stock valued at $8,484,000 after buying an additional 2,200 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Marathon Petroleum Corporation by 439.2% in the first quarter. Chesley Taft & Associates LLC now owns 122,192 shares of the oil and gas company’s stock valued at $6,176,000 after buying an additional 99,530 shares in the last quarter. Charter Trust Co. raised its position in Marathon Petroleum Corporation by 3.9% in the first quarter. Charter Trust Co. now owns 19,886 shares of the oil and gas company’s stock valued at $1,005,000 after buying an additional 749 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Marathon Petroleum Corporation by 7.3% in the first quarter. Raymond James Trust N.A. now owns 130,511 shares of the oil and gas company’s stock valued at $6,596,000 after buying an additional 8,867 shares in the last quarter. Institutional investors own 79.66% of the company’s stock.

Capital City Trust Co. FL held its position in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,720 shares of the oil and gas company’s stock at the end of the second quarter. Capital City Trust Co. FL’s holdings in Marathon Petroleum Corporation were worth $247,000 as of its most recent filing with the SEC.

Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at 56.53 on Wednesday. The firm has a 50-day moving average of $53.87 and a 200-day moving average of $51.38. The company has a market cap of $28.60 billion, a P/E ratio of 32.54 and a beta of 1.56. Marathon Petroleum Corporation has a 12-month low of $38.37 and a 12-month high of $56.81.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.49% and a net margin of 1.34%. The company had revenue of $18.35 billion for the quarter, compared to analysts’ expectations of $19.98 billion. During the same quarter last year, the business posted $1.07 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post $2.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is 81.82%.

Several research firms have recently weighed in on MPC. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company boosted their price objective on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and set a $54.83 price objective (down from $65.00) on shares of Marathon Petroleum Corporation in a research note on Thursday, July 20th. Finally, Scotiabank set a $55.00 price objective on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has a consensus rating of “Buy” and an average target price of $58.62.

In related news, VP C. Michael Palmer sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total transaction of $213,000.00. Following the completion of the sale, the vice president now owns 61,757 shares in the company, valued at $3,288,560.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The disclosure for this sale can be found here. Insiders have sold 33,568 shares of company stock valued at $1,808,969 in the last 90 days. 1.05% of the stock is currently owned by corporate insiders.

Marathon Petroleum Corporation Company Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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