Marathon Petroleum Corp. (NYSE:MPC) shares traded down 5.8% during mid-day trading on Wednesday . The company traded as low as $35.94 and last traded at $36.55, with a volume of 5,211,518 shares changing hands. The stock had previously closed at $38.78.

MPC has been the topic of a number of recent research reports. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Marathon Petroleum Corp. in a research report on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Marathon Petroleum Corp. in a research report on Sunday, June 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Marathon Petroleum Corp. in a research report on Wednesday, May 18th. Zacks Investment Research raised shares of Marathon Petroleum Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Royal Bank Of Canada upped their target price on shares of Marathon Petroleum Corp. from $56.00 to $58.00 and gave the stock a “top pick” rating in a research report on Friday, April 29th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Marathon Petroleum Corp. has a consensus rating of “Buy” and an average target price of $55.68.

The stock’s 50-day moving average is $35.67 and its 200-day moving average is $38.22. The company has a market cap of $19.03 billion and a price-to-earnings ratio of 9.83.

Marathon Petroleum Corp. (NYSE:MPC) last released its earnings results on Thursday, April 28th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.14. The firm earned $12.83 billion during the quarter, compared to analyst estimates of $13.08 billion. During the same period last year, the business posted $3.24 EPS. The company’s revenue was down 25.6% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Corp. will post $3.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.61%.

In other Marathon Petroleum Corp. news, Director Charles E. Bunch bought 2,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was acquired at an average cost of $38.56 per share, for a total transaction of $77,120.00. Following the completion of the transaction, the director now owns 4,377 shares in the company, valued at $168,777.12. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven A. Davis bought 1,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were acquired at an average price of $34.70 per share, with a total value of $52,050.00. Following the completion of the transaction, the director now owns 9,472 shares of the company’s stock, valued at approximately $328,678.40. The disclosure for this purchase can be found here.

Other hedge funds have added to or reduced their stakes in the company. ARGI Investment Services LLC increased its stake in Marathon Petroleum Corp. by 5.2% in the fourth quarter. ARGI Investment Services LLC now owns 19,445 shares of the company’s stock valued at $1,008,000 after buying an additional 959 shares during the period. Miller Howard Investments Inc. NY increased its stake in Marathon Petroleum Corp. by 110.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 19,520 shares of the company’s stock valued at $1,012,000 after buying an additional 10,238 shares during the period. Toronto Dominion Bank increased its stake in Marathon Petroleum Corp. by 104.8% in the fourth quarter. Toronto Dominion Bank now owns 20,337 shares of the company’s stock valued at $1,055,000 after buying an additional 10,406 shares during the period. Calamos Wealth Management LLC increased its stake in Marathon Petroleum Corp. by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 20,397 shares of the company’s stock valued at $1,057,000 after buying an additional 789 shares during the period. Finally, FineMark National Bank & Trust increased its stake in Marathon Petroleum Corp. by 342.4% in the fourth quarter. FineMark National Bank & Trust now owns 22,307 shares of the company’s stock valued at $1,156,000 after buying an additional 17,265 shares during the period.

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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