MML Investors Services LLC grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,134 shares of the oil and gas company’s stock after buying an additional 1,568 shares during the quarter. MML Investors Services LLC’s holdings in Marathon Petroleum Corporation were worth $844,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Marathon Petroleum Corporation by 2,779.4% in the 1st 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. Vanguard Group Inc. raised its position in shares of Marathon Petroleum Corporation by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock valued at $2,054,251,000 after buying an additional 1,544,114 shares in the last quarter. State Street Corp raised its position in shares of Marathon Petroleum Corporation by 0.4% in the 1st quarter. State Street Corp now owns 28,029,983 shares of the oil and gas company’s stock valued at $1,416,636,000 after buying an additional 107,894 shares in the last quarter. Kensico Capital Management Corp raised its position in shares of Marathon Petroleum Corporation by 7.7% in the 1st quarter. Kensico Capital Management Corp now owns 9,260,000 shares of the oil and gas company’s stock valued at $468,000,000 after buying an additional 660,000 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its position in shares of Marathon Petroleum Corporation by 8.0% in the 2nd quarter. Iridian Asset Management LLC CT now owns 8,327,167 shares of the oil and gas company’s stock valued at $435,761,000 after buying an additional 619,548 shares in the last quarter. Institutional investors own 78.25% of the company’s stock.

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Marathon Petroleum Corporation (NYSE:MPC) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The firm had revenue of $18.35 billion during the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were issued a $0.40 dividend. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.92%. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is currently 90.91%.

Several brokerages recently issued reports on MPC. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.83 price target (down from $65.00) on shares of Marathon Petroleum Corporation in a report on Thursday, July 20th. BidaskClub raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $64.00 price target on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a report on Thursday, June 1st. Finally, ValuEngine raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.67.

In other news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.05% of the stock is currently owned by company insiders.

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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