Benjamin F. Edwards & Company Inc. boosted its position in Marathon Petroleum Corporation (NYSE:MPC) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,590 shares of the oil and gas company’s stock after buying an additional 20 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Marathon Petroleum Corporation were worth $449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock worth $103,000 after buying an additional 14 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,697 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Marathon Petroleum Corporation by 12.3% in the first quarter. Carroll Financial Associates Inc. now owns 2,287 shares of the oil and gas company’s stock worth $115,000 after buying an additional 250 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after buying an additional 570 shares during the period. Finally, Tarbox Group Inc. boosted its position in shares of Marathon Petroleum Corporation by 1.5% in the first quarter. Tarbox Group Inc. now owns 2,423 shares of the oil and gas company’s stock worth $122,000 after buying an additional 36 shares during the period. Institutional investors own 81.58% of the company’s stock.

Shares of Marathon Petroleum Corporation (NYSE MPC) traded down 0.10% during trading on Friday, reaching $52.16. The company had a trading volume of 3,303,532 shares. The stock’s 50-day moving average price is $54.14 and its 200-day moving average price is $51.64. The company has a market capitalization of $26.41 billion, a PE ratio of 31.10 and a beta of 1.56. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81.

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. The business had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, equities analysts expect that Marathon Petroleum Corporation will post $2.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.40 per share. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.07%. Marathon Petroleum Corporation’s payout ratio is presently 81.82%.

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A number of equities analysts have commented on the company. Cowen and Company lifted their price target on Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub cut Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Scotiabank set a $55.00 target price on Marathon Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.83 price target (down from $65.00) on shares of Marathon Petroleum Corporation in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $58.62.

In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available at this link. Also, VP C. Michael Palmer sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $53.25, for a total transaction of $213,000.00. Following the completion of the transaction, the vice president now owns 61,757 shares in the company, valued at approximately $3,288,560.25. The disclosure for this sale can be found here. Insiders have sold a total of 33,568 shares of company stock worth $1,808,969 in the last 90 days. Company 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.

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

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