First Bank & Trust boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 3,396 shares of the oil and gas company’s stock after buying an additional 1 shares during the period. First Bank & Trust’s holdings in Marathon Petroleum Corporation were worth $177,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MPC. BlackRock Inc. increased its position in shares of Marathon Petroleum Corporation by 2,779.4% in the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock valued at $2,836,372,000 after buying an additional 54,172,304 shares during the period. Vanguard Group Inc. increased its position in shares of Marathon Petroleum Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 37,711,603 shares of the oil and gas company’s stock valued at $1,905,944,000 after buying an additional 1,549,473 shares during the period. State Street Corp increased its position in shares of Marathon Petroleum Corporation by 0.4% in the first quarter. State Street Corp now owns 28,029,983 shares of the oil and gas company’s stock valued at $1,416,636,000 after buying an additional 107,894 shares during the period. Boston Partners increased its position in shares of Marathon Petroleum Corporation by 1.8% in the first quarter. Boston Partners now owns 14,798,820 shares of the oil and gas company’s stock valued at $747,933,000 after buying an additional 267,469 shares during the period. Finally, Kensico Capital Management Corp increased its position in shares of Marathon Petroleum Corporation by 7.7% in the first quarter. Kensico Capital Management Corp now owns 9,260,000 shares of the oil and gas company’s stock valued at $468,000,000 after buying an additional 660,000 shares during the period. 81.58% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Corporation (NYSE MPC) opened at 55.79 on Monday. The company has a market cap of $28.23 billion, a P/E ratio of 32.12 and a beta of 1.56. Marathon Petroleum Corporation has a 52 week low of $38.37 and a 52 week high of $56.81. The firm’s 50 day moving average is $53.87 and its 200-day moving average is $51.38.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The company had revenue of $18.35 billion during the quarter, compared to analysts’ expectations of $19.98 billion. During the same period last year, the firm earned $1.07 earnings per share. Marathon Petroleum Corporation’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corporation will post $2.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s payout ratio is currently 81.82%.

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Several equities analysts have recently commented on MPC shares. BidaskClub downgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Cowen and Company upped their price objective on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price objective on shares of Marathon Petroleum Corporation in a research note on Wednesday, April 19th. US Capital Advisors reissued a “buy” rating on shares of Marathon Petroleum Corporation in a research note on Monday, May 22nd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $67.00 price target (down from $68.50) on shares of Marathon Petroleum Corporation in a research note on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.62.

In other news, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP C. Michael Palmer sold 4,568 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $52.04, for a total transaction of $237,718.72. Following the completion of the sale, the vice president now owns 62,325 shares of the company’s stock, valued at approximately $3,243,393. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,568 shares of company stock valued at $1,808,969. Company insiders own 1.05% of the company’s stock.

About Marathon Petroleum Corporation

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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Institutional Ownership by Quarter for Marathon Petroleum Corporation (NYSE:MPC)

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