Trexquant Investment LP increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 27.4% during the second quarter, Holdings Channel reports. The institutional investor owned 38,600 shares of the oil and gas company’s stock after buying an additional 8,300 shares during the period. Marathon Petroleum Corporation comprises about 0.6% of Trexquant Investment LP’s portfolio, making the stock its 4th largest position. Trexquant Investment LP’s holdings in Marathon Petroleum Corporation were worth $2,020,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MPC. Cullinan Associates Inc. increased its stake in Marathon Petroleum Corporation by 0.9% in the first quarter. Cullinan Associates Inc. now owns 129,810 shares of the oil and gas company’s stock worth $6,561,000 after buying an additional 1,182 shares in the last quarter. Blockhouse Capital Management LP bought a new stake in Marathon Petroleum Corporation during the first quarter worth about $14,970,000. Hartford Investment Management Co. increased its stake in Marathon Petroleum Corporation by 13.2% in the first quarter. Hartford Investment Management Co. now owns 147,217 shares of the oil and gas company’s stock worth $7,440,000 after buying an additional 17,182 shares in the last quarter. Buckingham Asset Management LLC increased its stake in Marathon Petroleum Corporation by 2.1% in the first quarter. Buckingham Asset Management LLC now owns 4,141 shares of the oil and gas company’s stock worth $209,000 after buying an additional 87 shares in the last quarter. Finally, Bank of The West increased its stake in Marathon Petroleum Corporation by 28.4% in the first quarter. Bank of The West now owns 49,717 shares of the oil and gas company’s stock worth $2,512,000 after buying an additional 10,990 shares in the last quarter. 81.58% of the stock is owned by institutional investors.

Shares of Marathon Petroleum Corporation (MPC) opened at 54.44 on Wednesday. The company’s 50-day moving average is $54.06 and its 200 day moving average is $51.47. The company has a market cap of $27.55 billion, a price-to-earnings ratio of 31.34 and a beta of 1.56. Marathon Petroleum Corporation has a 1-year low of $39.29 and a 1-year high of $56.81.

Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $18.35 billion for the quarter, compared to analysts’ expectations of $19.98 billion. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS. Equities analysts anticipate that Marathon Petroleum Corporation will post $2.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.40 per share. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is 81.82%.

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A number of equities analysts recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 target price on shares of Marathon Petroleum Corporation in a research report on Wednesday, April 19th. Scotiabank reiterated a “hold” rating and issued a $54.00 target price on shares of Marathon Petroleum Corporation in a research report on Friday, April 28th. Credit Suisse Group reiterated a “buy” rating and issued a $64.00 target price on shares of Marathon Petroleum Corporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 target price on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average price target of $58.62.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total transaction of $213,000.00. Following the transaction, the vice president now owns 61,757 shares of the company’s stock, valued at approximately $3,288,560.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total transaction of $1,358,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,568 shares of company stock worth $1,808,969 in the last three months. Insiders own 1.05% of the company’s stock.

Marathon Petroleum Corporation Company Profile

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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