British Columbia Investment Management Corp lowered its position in Marathon Petroleum Corp. (NYSE:MPC) by 13.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,385 shares of the company’s stock after selling 37,833 shares during the period. British Columbia Investment Management Corp’s holdings in Marathon Petroleum Corp. were worth $9,717,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Marathon Petroleum Corp. by 10.6% in the first quarter. LPL Financial LLC now owns 74,230 shares of the company’s stock worth $2,694,000 after buying an additional 7,093 shares during the period. Babson Capital Management LLC increased its stake in shares of Marathon Petroleum Corp. by 19.8% in the first quarter. Babson Capital Management LLC now owns 59,810 shares of the company’s stock worth $2,224,000 after buying an additional 9,900 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Marathon Petroleum Corp. by 6.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,848 shares of the company’s stock worth $1,538,000 after buying an additional 2,456 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Marathon Petroleum Corp. by 53.3% in the first quarter. First Republic Investment Management Inc. now owns 49,545 shares of the company’s stock worth $1,842,000 after buying an additional 17,229 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its stake in shares of Marathon Petroleum Corp. by 199.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 19,754 shares of the company’s stock worth $750,000 after buying an additional 13,153 shares during the period. 77.54% of the stock is owned by institutional investors.

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

Marathon Petroleum Corp. (NYSE:MPC) traded up 1.03% during midday trading on Friday, reaching $48.20. 1,988,108 shares of the company’s stock were exchanged. Marathon Petroleum Corp. has a 12-month low of $29.24 and a 12-month high of $59.99. The firm has a 50-day moving average price of $43.33 and a 200 day moving average price of $39.95. The company has a market cap of $25.44 billion, a price-to-earnings ratio of 22.69 and a beta of 1.80.

Marathon Petroleum Corp. (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.23. The business earned $16.46 billion during the quarter, compared to the consensus estimate of $17.18 billion. Marathon Petroleum Corp. had a return on equity of 6.74% and a net margin of 1.84%. The company’s revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. On average, analysts expect that Marathon Petroleum Corp. will post $2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th will be issued a $0.36 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.99%. Marathon Petroleum Corp.’s payout ratio is 67.61%.

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MPC has been the subject of a number of recent analyst reports. Vetr raised shares of Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price target for the company in a report on Monday, August 1st. TheStreet raised shares of Marathon Petroleum Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research raised shares of Marathon Petroleum Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Piper Jaffray Cos. increased their price objective on shares of Marathon Petroleum Corp. from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 22nd. Finally, Jefferies Group started coverage on shares of Marathon Petroleum Corp. in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $48.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $51.77.

About Marathon Petroleum Corp.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

5 Day Chart for NYSE:MPC

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