Todays Report: The Whittier Trust Co. of Nevada Inc. decides to keep it stake in Marathon Petroleum Corp. (MPC) to the level of $635,000

The Whittier Trust Co. of Nevada Inc. decides to keep it stake in Marathon Petroleum Corp. (MPC) to the level of $635,000

Whittier Trust Co. of Nevada Inc. held its position in Marathon Petroleum Corp. (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,730 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Marathon Petroleum Corp. were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Zebra Capital Management LLC raised its position in Marathon Petroleum Corp. by 30.5% in the first quarter. Zebra Capital Management LLC now owns 29,075 shares of the company’s stock valued at $1,081,000 after buying an additional 6,790 shares during the last quarter. Covington Investment Advisors Inc. acquired a new position in Marathon Petroleum Corp. during the first quarter valued at $1,536,000. Mirae Asset Global Investments Co. Ltd. raised its position in Marathon Petroleum Corp. by 166.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,651 shares of the company’s stock valued at $953,000 after buying an additional 16,034 shares during the last quarter. BB&T Securities LLC raised its position in Marathon Petroleum Corp. by 305.8% in the first quarter. BB&T Securities LLC now owns 20,207 shares of the company’s stock valued at $751,000 after buying an additional 15,227 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in Marathon Petroleum Corp. by 88.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 151,000 shares of the company’s stock valued at $5,614,000 after buying an additional 70,900 shares during the last quarter. 79.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marathon Petroleum Corp. (NYSE:MPC) traded down 1.39% during trading on Friday, hitting $41.77. The stock had a trading volume of 4,427,856 shares. Marathon Petroleum Corp. has a 12-month low of $29.24 and a 12-month high of $59.99. The stock has a market capitalization of $22.09 billion, a P/E ratio of 11.53 and a beta of 2.06. The stock’s 50-day moving average is $42.25 and its 200-day moving average is $38.69.

Marathon Petroleum Corp. (NYSE:MPC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. Marathon Petroleum Corp. had a return on equity of 10.94% and a net margin of 3.02%. The business earned $16.81 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter last year, the company posted $1.51 earnings per share. Marathon Petroleum Corp.’s quarterly revenue was down 18.4% on a year-over-year basis. Analysts predict that Marathon Petroleum Corp. will post $2.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Wednesday, August 17th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $1.44 dividend on an annualized basis and a yield of 3.45%. This is a boost from Marathon Petroleum Corp.’s previous quarterly dividend of $0.32. Marathon Petroleum Corp.’s dividend payout ratio (DPR) is presently 39.78%.

A number of research analysts have commented on MPC shares. Piper Jaffray Cos. boosted their target price on Marathon Petroleum Corp. from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, September 16th. Vetr upgraded Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $51.50 target price on the stock in a research note on Monday, September 12th. Credit Suisse Group AG restated an “outperform” rating on shares of Marathon Petroleum Corp. in a research note on Sunday, September 4th. Bank of America Corp. restated a “buy” rating on shares of Marathon Petroleum Corp. in a research note on Monday, September 26th. Finally, Zacks Investment Research upgraded Marathon Petroleum Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.05.

Marathon Petroleum Corp. Company Profile

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

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