Castleark Management LLC trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 71.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,875 shares of the oil and gas company’s stock after selling 134,340 shares during the quarter. Castleark Management LLC’s holdings in Marathon Petroleum Corporation were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CGOV Asset Management boosted its holdings in shares of Marathon Petroleum Corporation by 30.0% in the 1st quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock worth $875,000 after buying an additional 3,000 shares during the last quarter. Ironsides Asset Advisors LLC purchased a new position in shares of Marathon Petroleum Corporation in the 1st quarter worth about $475,000. Prudential Financial Inc. boosted its holdings in shares of Marathon Petroleum Corporation by 26.2% in the 1st quarter. Prudential Financial Inc. now owns 2,132,423 shares of the oil and gas company’s stock worth $107,773,000 after buying an additional 442,833 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Marathon Petroleum Corporation by 10.3% in the 1st quarter. Stifel Financial Corp now owns 276,211 shares of the oil and gas company’s stock worth $13,936,000 after buying an additional 25,763 shares during the last quarter. Finally, Clinton Group Inc. purchased a new position in shares of Marathon Petroleum Corporation in the 1st quarter worth about $846,000. 78.25% of the stock is currently owned by hedge funds and other institutional investors.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group LLC set a $65.00 price target on shares of Marathon Petroleum Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) downgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Scotiabank set a $55.00 price target on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation presently has an average rating of “Buy” and an average target price of $60.33.

Marathon Petroleum Corporation (NYSE MPC) traded down 0.32% on Friday, hitting $56.37. 2,839,241 shares of the company traded hands. The firm’s 50 day moving average price is $54.42 and its 200 day moving average price is $52.85. The firm has a market capitalization of $28.54 billion, a PE ratio of 33.61 and a beta of 1.56. Marathon Petroleum Corporation has a 1-year low of $40.01 and a 1-year high of $57.02.

Marathon Petroleum Corporation (NYSE:MPC) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). The business 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%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Equities research analysts predict that Marathon Petroleum Corporation will post $3.06 EPS for the current fiscal year.

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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.

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

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