Comerica Bank lowered its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,949 shares of the oil and gas company’s stock after selling 1,885 shares during the period. Comerica Bank’s holdings in Marathon Petroleum Corporation were worth $11,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Accurate Investment Solutions Inc. increased its stake in shares of Marathon Petroleum Corporation by 0.4% during the second quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 14 shares during the period. Capital Investment Advisors LLC increased its stake in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 19 shares during the period. Good Life Advisors LLC increased its stake in Marathon Petroleum Corporation by 0.5% during the 2nd quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after acquiring an additional 35 shares during the period. Parallel Advisors LLC increased its stake in Marathon Petroleum Corporation by 0.6% during the 2nd quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after acquiring an additional 36 shares during the period. Finally, Warren Averett Asset Management LLC increased its stake in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after acquiring an additional 40 shares during the period. Institutional investors own 81.02% of the company’s stock.

A number of equities analysts have commented on MPC shares. Scotiabank restated a “hold” rating and set a $55.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, September 1st. BidaskClub upgraded Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $64.00 target price (down previously from $65.00) on shares of Marathon Petroleum Corporation in a report on Wednesday, September 6th. Zacks Investment Research raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $71.00 target price on shares of Marathon Petroleum Corporation in a report on Thursday, August 31st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.07.

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Shares of Marathon Petroleum Corporation (MPC) traded up $0.51 on Friday, reaching $62.01. The company’s stock had a trading volume of 3,981,300 shares, compared to its average volume of 4,407,882. The firm has a market cap of $30,047.12, a P/E ratio of 18.70, a PEG ratio of 1.52 and a beta of 1.59. Marathon Petroleum Corporation has a 52-week low of $42.57 and a 52-week high of $63.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum Corporation (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. The firm had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same period in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts forecast that Marathon Petroleum Corporation will post 3.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is presently 49.08%.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total value of $4,836,988.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP C. Michael Palmer sold 11,450 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The disclosure for this sale can be found here. Company 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.

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

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