4,875 Shares in Marathon Petroleum Corporation $MPC Bought by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont acquired 4,875 Marathon Petroleum shares during the second quarter, valued at approximately $1.25 million. Institutional investors and hedge funds collectively own 76.77% of MPC.
• Marathon Petroleum reported quarterly EPS of $17.73, beating estimates of $14.27, while revenue rose 53.5% year over year to $51.99 billion.
• MPC declared a quarterly dividend of $1.00 per share, or $4.00 annualized, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $312.50.

Trust Co. of Vermont acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,875 shares of the oil and gas company's stock, valued at approximately $1,246,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new stake in shares of Marathon Petroleum in the 2nd quarter valued at about $27,000. Navalign LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Berbice Capital Management LLC grew its holdings in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company's stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the second quarter worth about $33,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 2.4%

MPC stock opened at $366.79 on Wednesday. The company has a market cap of $107.08 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $161.80 and a twelve month high of $367.24. The business has a 50 day moving average price of $291.36 and a two-hundred day moving average price of $250.88. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to analysts' expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business's revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.96 EPS. Analysts anticipate that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio is 13.75%.

Wall Street Analyst Weigh In

Several research firms have commented on MPC. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the company a "buy" rating in a research note on Sunday, July 12th. TD Cowen raised their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, June 12th. Finally, Barclays raised their target price on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $312.50.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company's stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.17% of the company's stock.

Marathon Petroleum Company 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.

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