OMERS ADMINISTRATION Corp increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 341.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,000 shares of the oil and gas company’s stock after buying an additional 41,000 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Marathon Petroleum Corporation were worth $2,773,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blockhouse Capital Management LP bought a new position in shares of Marathon Petroleum Corporation during the first quarter worth about $14,970,000. Fox Run Management L.L.C. increased its position in shares of Marathon Petroleum Corporation by 143.6% in the second quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock worth $1,402,000 after buying an additional 15,800 shares during the period. Buckingham Asset Management LLC increased its position in shares of Marathon Petroleum Corporation by 2.1% in the first quarter. Buckingham Asset Management LLC now owns 4,141 shares of the oil and gas company’s stock worth $209,000 after buying an additional 87 shares during the period. Heritage Way Advisors LLC increased its position in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock worth $1,935,000 after buying an additional 850 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Marathon Petroleum Corporation by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,119,312 shares of the oil and gas company’s stock worth $56,570,000 after buying an additional 12,792 shares during the period. Institutional investors own 78.84% of the company’s stock.

Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at 52.52 on Tuesday. The firm has a 50-day moving average price of $53.66 and a 200-day moving average price of $51.79. The company has a market capitalization of $26.59 billion, a P/E ratio of 31.32 and a beta of 1.56. Marathon Petroleum Corporation has a one year low of $39.29 and a one year high of $56.81.

Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $18.35 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.07 earnings per share. Equities analysts forecast that Marathon Petroleum Corporation will post $2.74 earnings per share for the current year.

The firm also recently declared 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 of this dividend is Monday, August 14th. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. Marathon Petroleum Corporation’s dividend payout ratio is presently 90.91%.

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MPC has been the subject of a number of analyst reports. BidaskClub upgraded Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Saturday. Credit Suisse Group restated a “buy” rating and set a $64.00 price objective on shares of Marathon Petroleum Corporation in a research report on Friday, July 14th. Jefferies Group LLC set a $65.00 price objective on Marathon Petroleum Corporation and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Finally, US Capital Advisors restated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.30.

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