Caxton Associates LP acquired a new position in Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,600 shares of the oil and gas company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp raised its holdings in Marathon Petroleum Corporation by 341.7% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock worth $2,773,000 after acquiring an additional 41,000 shares during the last quarter. Wilen Investment Management CORP. raised its holdings in Marathon Petroleum Corporation by 31.3% in the 2nd quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock worth $1,984,000 after acquiring an additional 9,100 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Marathon Petroleum Corporation by 1.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock worth $9,147,000 after acquiring an additional 3,097 shares during the last quarter. Fox Run Management L.L.C. raised its holdings in Marathon Petroleum Corporation by 143.6% in the 2nd quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock worth $1,402,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Heritage Way Advisors LLC raised its holdings in Marathon Petroleum Corporation by 2.4% in the 2nd quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock worth $1,935,000 after acquiring an additional 850 shares during the last quarter. Institutional investors own 78.25% of the company’s stock.

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In related news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.05% of the stock is currently owned by company insiders.

Marathon Petroleum Corporation (MPC) opened at 56.76 on Friday. Marathon Petroleum Corporation has a one year low of $40.01 and a one year high of $57.02. The company has a 50-day moving average of $54.20 and a 200 day moving average of $52.77. The company has a market cap of $28.73 billion, a P/E ratio of 33.85 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.01). The firm had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. Analysts anticipate that Marathon Petroleum Corporation will post $3.06 earnings per share for the current year.

A number of research firms have commented on MPC. Edward Jones raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Barclays PLC lifted their target price on shares of Marathon Petroleum Corporation from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday. BidaskClub raised shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) downgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.33.

Marathon Petroleum Corporation 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.

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

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