State of New Jersey Common Pension Fund D held its stake in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, Holdings Channel reports. The institutional investor owned 235,000 shares of the oil and gas company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Marathon Petroleum Corporation were worth $12,298,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock worth $103,000 after buying an additional 14 shares in the last quarter. FTB Advisors Inc. increased its stake in Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,697 shares in the last quarter. Lee Financial Co increased its stake in Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in Marathon Petroleum Corporation by 12.3% in the first quarter. Carroll Financial Associates Inc. now owns 2,287 shares of the oil and gas company’s stock worth $115,000 after buying an additional 250 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its stake in Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after buying an additional 570 shares in the last quarter. 81.58% of the stock is owned by institutional investors.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at 52.99 on Thursday. Marathon Petroleum Corporation has a 12-month low of $39.29 and a 12-month high of $56.81. The company has a market capitalization of $26.81 billion, a PE ratio of 30.51 and a beta of 1.56. The stock’s 50 day moving average price is $54.10 and its 200 day moving average price is $51.61.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 3.02%. Marathon Petroleum Corporation’s dividend payout ratio is 81.82%.

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A number of research firms recently commented on MPC. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $69.00 price target on shares of Marathon Petroleum Corporation in a research note on Thursday, June 1st. BidaskClub raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 price target (down previously from $68.50) on shares of Marathon Petroleum Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.00 price target on shares of Marathon Petroleum Corporation in a research note on Wednesday, April 19th. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Marathon Petroleum Corporation in a research note on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $58.62.

In related news, VP C. Michael Palmer sold 4,568 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $52.04, for a total transaction of $237,718.72. Following the transaction, the vice president now directly owns 62,325 shares in the company, valued at approximately $3,243,393. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value 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 over the last quarter. Corporate 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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