New Hampshire Trust Purchases New Stake in Marathon Petroleum Co. (NYSE:MPC)

New Hampshire Trust purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,005 shares of the oil and gas company’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of MPC. NBC Securities Inc. grew its stake in Marathon Petroleum by 0.9% in the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after purchasing an additional 55 shares in the last quarter. Marino Stram & Associates LLC grew its stake in Marathon Petroleum by 0.5% in the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after purchasing an additional 60 shares in the last quarter. SteelPeak Wealth LLC grew its stake in Marathon Petroleum by 0.3% in the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after purchasing an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in Marathon Petroleum by 4.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 67 shares in the last quarter. Finally, Mission Wealth Management LP grew its stake in Marathon Petroleum by 0.8% in the fourth quarter. Mission Wealth Management LP now owns 8,756 shares of the oil and gas company’s stock valued at $1,299,000 after purchasing an additional 67 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company lowered their target price on Marathon Petroleum from $227.00 to $223.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. increased their target price on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Bank of America upped their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Piper Sandler cut their price target on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.08.

Marathon Petroleum Trading Up 0.7 %

MPC stock opened at $173.66 on Friday. The business has a fifty day moving average price of $182.13 and a 200 day moving average price of $174.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.99. Marathon Petroleum Co. has a fifty-two week low of $108.88 and a fifty-two week high of $221.11. The stock has a market capitalization of $61.19 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.54 and a beta of 1.45.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm had revenue of $32.71 billion during the quarter, compared to the consensus estimate of $32.07 billion. During the same quarter in the previous year, the company posted $6.09 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts expect that Marathon Petroleum Co. will post 18.65 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.90%. Marathon Petroleum’s payout ratio is 16.48%.

Marathon Petroleum announced that its board has approved a stock buyback plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.