NorthCoast Asset Management LLC boosted its position in Marathon Petroleum Corp (NYSE:MPC) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,890 shares of the oil and gas company’s stock after buying an additional 38,783 shares during the quarter. Marathon Petroleum accounts for approximately 2.3% of NorthCoast Asset Management LLC’s holdings, making the stock its 15th biggest holding. NorthCoast Asset Management LLC owned about 0.08% of Marathon Petroleum worth $24,338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Greenleaf Trust grew its position in shares of Marathon Petroleum by 10.1% during the 2nd quarter. Greenleaf Trust now owns 6,953 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 635 shares during the last quarter. MUFG Americas Holdings Corp grew its position in shares of Marathon Petroleum by 2.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 27,240 shares of the oil and gas company’s stock valued at $1,911,000 after buying an additional 639 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Marathon Petroleum by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 51,889 shares of the oil and gas company’s stock valued at $3,641,000 after buying an additional 692 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Marathon Petroleum by 63.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,787 shares of the oil and gas company’s stock valued at $120,000 after buying an additional 696 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC grew its position in shares of Marathon Petroleum by 15.5% during the 1st quarter. Gyroscope Capital Management Group LLC now owns 5,248 shares of the oil and gas company’s stock valued at $384,000 after buying an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

NYSE MPC opened at $84.34 on Monday. Marathon Petroleum Corp has a 52 week low of $52.26 and a 52 week high of $85.34. The company has a quick ratio of 1.04, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $37.97 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.37 and a beta of 1.42.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, July 26th. The oil and gas company reported $2.27 EPS for the quarter, topping the consensus estimate of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The firm had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Marathon Petroleum’s quarterly revenue was up 22.3% on a year-over-year basis. equities analysts expect that Marathon Petroleum Corp will post 5.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Thursday, August 16th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Wednesday, August 15th. Marathon Petroleum’s dividend payout ratio (DPR) is 48.42%.

MPC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Mizuho initiated coverage on shares of Marathon Petroleum in a research report on Wednesday, August 1st. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 27th. Wells Fargo & Co raised shares of Marathon Petroleum from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $83.27 to $80.00 in a research report on Tuesday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $98.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $87.12.

Marathon Petroleum Company Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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

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