BlueCrest Capital Management Ltd bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,949 shares of the oil and gas company’s stock, valued at approximately $992,000.

Other large investors have also made changes to their positions in the company. Blue Chip Partners Inc. acquired a new position in shares of Marathon Petroleum Corporation during the 2nd quarter worth approximately $100,000. Guardian Life Insurance Co. of America grew its position in shares of Marathon Petroleum Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 14 shares in the last quarter. Lee Financial Co grew its position in shares of Marathon Petroleum Corporation by 2.4% during the 2nd quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 48 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of Marathon Petroleum Corporation by 32.2% during the 1st quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 570 shares in the last quarter. Finally, First Interstate Bank grew its position in shares of Marathon Petroleum Corporation by 81.1% during the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 1,064 shares in the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.

A number of research analysts have issued reports on the stock. Cowen and Company increased their target price on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Scotiabank set a $55.00 target price on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) downgraded 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. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and a consensus price target of $60.33.

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In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.05% of the company’s stock.

Marathon Petroleum Corporation (MPC) opened at 56.37 on Friday. The company has a 50-day moving average of $54.35 and a 200 day moving average of $52.83. Marathon Petroleum Corporation has a 52 week low of $40.01 and a 52 week high of $57.02. The company has a market cap of $28.54 billion, a P/E ratio of 33.61 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last announced 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 net margin of 1.34% and a return on equity of 5.52%. The company had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Marathon Petroleum Corporation will post $3.06 EPS for the current fiscal year.

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.

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

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