Amalgamated Bank boosted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,974 shares of the oil and gas company’s stock after buying an additional 2,124 shares during the period. Amalgamated Bank’s holdings in Marathon Petroleum Corporation were worth $1,869,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Foundry Partners LLC boosted its stake in shares of Marathon Petroleum Corporation by 14.3% in the first quarter. Foundry Partners LLC now owns 251,346 shares of the oil and gas company’s stock valued at $12,703,000 after buying an additional 31,440 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in shares of Marathon Petroleum Corporation by 73.1% in the fourth quarter. Highbridge Capital Management LLC now owns 161,000 shares of the oil and gas company’s stock valued at $8,106,000 after buying an additional 67,966 shares in the last quarter. Searle & CO. purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter valued at $264,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter valued at $4,350,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter valued at $860,000. Institutional investors and hedge funds own 79.66% of the company’s stock.

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded down 0.18% on Friday, reaching $55.79. The company had a trading volume of 3,468,120 shares. The company has a market capitalization of $28.23 billion, a P/E ratio of 32.12 and a beta of 1.56. Marathon Petroleum Corporation has a 52 week low of $38.37 and a 52 week high of $56.81. The company has a 50 day moving average of $53.87 and a 200-day moving average of $51.38.

Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.49% and a net margin of 1.34%. The firm had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. During the same quarter last year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post $2.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s payout ratio is 81.82%.

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Several equities research analysts have weighed in on the company. BidaskClub upgraded Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company boosted their price target on Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $54.83 price target (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. Finally, Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.62.

In other news, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP C. Michael Palmer sold 4,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $53.25, for a total value of $213,000.00. Following the sale, the vice president now owns 61,757 shares in the company, valued at approximately $3,288,560.25. The disclosure for this sale can be found here. Insiders have sold 33,568 shares of company stock worth $1,808,969 in the last quarter. Insiders own 1.05% of the company’s stock.

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.

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

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