Daiwa Securities Group Inc. increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,900 shares of the oil and gas company’s stock after buying an additional 550 shares during the period. Daiwa Securities Group Inc.’s holdings in Marathon Petroleum Corporation were worth $780,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MPC. Grove Bank & Trust raised its position in shares of Marathon Petroleum Corporation by 6.0% in the second quarter. Grove Bank & Trust now owns 2,825 shares of the oil and gas company’s stock worth $148,000 after buying an additional 160 shares during the last quarter. Lee Financial Co raised its position in shares of 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 during the last quarter. CIBC Asset Management Inc raised its position in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 49,084 shares of the oil and gas company’s stock worth $2,569,000 after buying an additional 138 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Marathon Petroleum Corporation by 0.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 273,647 shares of the oil and gas company’s stock worth $14,320,000 after buying an additional 1,844 shares during the last quarter. Finally, Warren Averett Asset Management LLC raised its position in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after buying an additional 40 shares during the last quarter. Institutional investors own 81.58% of the company’s stock.

Shares of Marathon Petroleum Corporation (MPC) opened at 52.16 on Friday. Marathon Petroleum Corporation has a 12 month low of $39.29 and a 12 month high of $56.81. The company has a market cap of $26.41 billion, a P/E ratio of 31.10 and a beta of 1.56. The stock’s 50 day moving average is $54.14 and its 200 day moving average is $51.64.

Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $19.98 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Corporation will post $2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s payout ratio is presently 81.82%.

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A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Cowen and Company upped their target price on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and set a $54.83 target price (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. Finally, Credit Suisse Group restated a “buy” rating and issued a $64.00 price objective on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Three equities research 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 company. The company has an average rating of “Buy” and an average target price of $58.62.

In related news, VP C. Michael Palmer sold 4,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,288,560.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction on 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 quarter. 1.05% of the stock is owned by corporate insiders.

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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