Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 11.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 128,041 shares of the oil and gas company’s stock after buying an additional 13,466 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Marathon Petroleum Corporation were worth $6,700,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MPC. BlackRock Inc. boosted its stake in Marathon Petroleum Corporation by 2,779.4% in the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock valued at $2,836,372,000 after buying an additional 54,172,304 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in Marathon Petroleum Corporation by 209.4% in the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock valued at $389,543,000 after buying an additional 5,216,764 shares in the last quarter. American Century Companies Inc. boosted its stake in Marathon Petroleum Corporation by 8,254.8% in the first quarter. American Century Companies Inc. now owns 2,042,740 shares of the oil and gas company’s stock valued at $103,240,000 after buying an additional 2,018,290 shares in the last quarter. FMR LLC boosted its stake in Marathon Petroleum Corporation by 109.5% in the first quarter. FMR LLC now owns 3,685,652 shares of the oil and gas company’s stock valued at $186,273,000 after buying an additional 1,926,573 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Marathon Petroleum Corporation by 201.9% in the first quarter. Alliancebernstein L.P. now owns 2,758,794 shares of the oil and gas company’s stock valued at $139,429,000 after buying an additional 1,844,941 shares in the last quarter. 81.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Petroleum Corporation (MPC) opened at 51.72 on Friday. The firm has a 50-day moving average of $53.66 and a 200 day moving average of $51.79. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 30.84 and a beta of 1.56. Marathon Petroleum Corporation also saw unusually large options trading activity on Thursday. Investors purchased 18,336 call options on the company. This represents an increase of approximately 766% compared to the average volume of 2,118 call options.

Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. The firm had revenue of $18.35 billion during the quarter, compared to the consensus estimate of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, equities analysts predict that Marathon Petroleum Corporation will post $2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a $0.40 dividend. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.09%. Marathon Petroleum Corporation’s payout ratio is presently 90.91%.

TRADEMARK VIOLATION NOTICE: “Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Position in Marathon Petroleum Corporation (MPC)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/27/fjarde-ap-fonden-fourth-swedish-national-pension-fund-boosts-position-in-marathon-petroleum-corporation-mpc.html.

MPC has been the topic of several research reports. Zacks Investment Research cut shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Scotiabank set a $55.00 price objective on shares of Marathon Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Marathon Petroleum Corporation in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.30.

In related news, insider Thomas M. Kelley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC).

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

Receive News & Stock Ratings for Marathon Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum Corporation and related stocks with our FREE daily email newsletter.