HL Financial Services LLC boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,498 shares of the oil and gas company’s stock after buying an additional 1,542 shares during the period. HL Financial Services LLC’s holdings in Marathon Petroleum Corporation were worth $1,073,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in 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 in the last quarter. Iridian Asset Management LLC CT raised its stake in Marathon Petroleum Corporation by 209.4% in the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock valued at $389,543,000 after buying an additional 5,216,764 shares in the last quarter. American Century Companies Inc. raised its stake in Marathon Petroleum Corporation by 8,254.8% in the first quarter. American Century Companies Inc. now owns 2,042,740 shares of the oil and gas company’s stock valued at $103,240,000 after buying an additional 2,018,290 shares in the last quarter. FMR LLC raised its stake in Marathon Petroleum Corporation by 109.5% in the first quarter. FMR LLC now owns 3,685,652 shares of the oil and gas company’s stock valued at $186,273,000 after buying an additional 1,926,573 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Marathon Petroleum Corporation by 201.9% in the first quarter. Alliancebernstein L.P. now owns 2,758,794 shares of the oil and gas company’s stock valued at $139,429,000 after buying an additional 1,844,941 shares in the last quarter. 81.58% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Corporation (NYSE:MPC) opened at 52.21 on Friday. The stock has a 50 day moving average price of $54.11 and a 200 day moving average price of $51.62. The company has a market cap of $26.43 billion, a PE ratio of 31.13 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 issued 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 Thomson Reuters’ 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 business had revenue of $18.35 billion during the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts forecast that Marathon Petroleum Corporation will post $2.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a $0.40 dividend. 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 annualized dividend and a yield of 3.06%. Marathon Petroleum Corporation’s payout ratio is presently 81.82%.

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MPC has been the topic of several research reports. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target (down from $68.50) on shares of Marathon Petroleum Corporation in a research report on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Zacks Investment Research lowered Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. Finally, Credit Suisse Group restated a “buy” rating and set a $64.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. Three investment 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 stock. The company has an average rating of “Buy” and an average target price of $58.62.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,568 shares of Marathon Petroleum Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $52.04, for a total value of $237,718.72. Following the completion of the transaction, the vice president now owns 62,325 shares in the company, valued at approximately $3,243,393. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction on Wednesday, June 14th. The shares were 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. In the last quarter, insiders sold 33,568 shares of company stock valued at $1,808,969. 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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