Hunter Associates Investment Management LLC held its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,548 shares of the oil and gas company’s stock at the close of the second quarter. Hunter Associates Investment Management LLC’s holdings in Marathon Petroleum Corporation were worth $500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MPC. BlackRock Inc. increased its holdings in shares of Marathon Petroleum Corporation by 2,779.4% during the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock worth $2,836,372,000 after purchasing an additional 54,172,304 shares during the period. Iridian Asset Management LLC CT increased its holdings in shares of Marathon Petroleum Corporation by 209.4% during the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock worth $389,543,000 after purchasing an additional 5,216,764 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Marathon Petroleum Corporation by 312.4% during the second quarter. Principal Financial Group Inc. now owns 3,947,936 shares of the oil and gas company’s stock worth $206,595,000 after purchasing an additional 2,990,640 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Marathon Petroleum Corporation by 93.3% during the second quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and gas company’s stock worth $278,998,000 after purchasing an additional 2,572,727 shares during the period. Finally, FMR LLC increased its holdings in shares of Marathon Petroleum Corporation by 109.5% during the first quarter. FMR LLC now owns 3,685,652 shares of the oil and gas company’s stock worth $186,273,000 after purchasing an additional 1,926,573 shares during the period. 78.25% of the stock is currently owned by institutional investors.

Several analysts 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, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Jefferies Group LLC reiterated a “buy” rating and set a $54.83 price target (down previously from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. Credit Suisse Group reiterated a “buy” rating and set a $64.00 price target on shares of Marathon Petroleum Corporation in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $59.67.

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Shares of Marathon Petroleum Corporation (NYSE MPC) traded up 0.892% during mid-day trading on Friday, reaching $54.855. 1,307,745 shares of the company’s stock were exchanged. The firm has a market cap of $27.77 billion, a P/E ratio of 32.710 and a beta of 1.56. Marathon Petroleum Corporation has a 52-week low of $39.29 and a 52-week high of $56.81. The company has a 50 day moving average price of $52.72 and a 200 day moving average price of $52.13.

Marathon Petroleum Corporation (NYSE:MPC) last announced 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 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 business had revenue of $18.35 billion during the quarter, compared to analysts’ expectations of $19.98 billion. During the same period last year, the company posted $1.07 EPS. Marathon Petroleum Corporation’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Marathon Petroleum Corporation will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a $0.40 dividend. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. Marathon Petroleum Corporation’s dividend payout ratio is 90.91%.

In other news, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.05% of the stock is currently owned by corporate insiders.

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.

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

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