GSA Capital Partners LLP increased its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 93.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,397 shares of the oil and gas company’s stock after buying an additional 5,497 shares during the period. GSA Capital Partners LLP’s holdings in Marathon Petroleum Corporation were worth $596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its holdings in shares of Marathon Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 14 shares during the period. Accurate Investment Solutions Inc. boosted its holdings in shares of Marathon Petroleum Corporation by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock valued at $208,000 after buying an additional 14 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Marathon Petroleum Corporation by 0.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock valued at $336,000 after buying an additional 19 shares during the period. Good Life Advisors LLC boosted its holdings in shares of Marathon Petroleum Corporation by 0.5% in the 2nd quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock valued at $363,000 after buying an additional 35 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Marathon Petroleum Corporation by 0.6% in the 2nd quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 36 shares during the period. 78.25% of the stock is owned by institutional investors and hedge funds.

Shares of Marathon Petroleum Corporation (MPC) opened at 56.02 on Monday. The company has a 50-day moving average of $53.46 and a 200 day moving average of $52.57. Marathon Petroleum Corporation has a 12 month low of $40.01 and a 12 month high of $56.90. The company has a market capitalization of $28.36 billion, a P/E ratio of 33.40 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ 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 period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post $2.99 EPS for the current year.

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 positive change 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 2.86%. Marathon Petroleum Corporation’s dividend payout ratio is presently 90.91%.

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In other news, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on the stock. Edward Jones raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub raised shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) lowered shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Cowen and Company lifted their price target on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $60.27.

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.

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

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