Advisor Group Inc. grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,332 shares of the oil and gas company’s stock after buying an additional 2,650 shares during the period. Advisor Group Inc.’s holdings in Marathon Petroleum Corporation were worth $1,589,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp raised its holdings in Marathon Petroleum Corporation by 341.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock worth $2,773,000 after buying an additional 41,000 shares during the last quarter. Wilen Investment Management CORP. raised its holdings in shares of Marathon Petroleum Corporation by 31.3% during the second quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock valued at $1,984,000 after purchasing an additional 9,100 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Marathon Petroleum Corporation by 1.8% during the second quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock valued at $9,147,000 after purchasing an additional 3,097 shares during the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Marathon Petroleum Corporation by 143.6% during the second quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock valued at $1,402,000 after purchasing an additional 15,800 shares during the last quarter. Finally, Heritage Way Advisors LLC raised its holdings in shares of Marathon Petroleum Corporation by 2.4% during the second quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock valued at $1,935,000 after purchasing an additional 850 shares during the last quarter. 81.02% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently weighed in on MPC. Cowen and Company boosted their price objective 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. BidaskClub cut shares of Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. UBS AG cut shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $65.00 in a report on Wednesday. Finally, The Goldman Sachs Group, Inc. cut shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.07.

Marathon Petroleum Corporation (NYSE:MPC) opened at $62.27 on Friday. The firm has a market cap of $30,290.00, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60. Marathon Petroleum Corporation has a 12-month low of $42.57 and a 12-month high of $63.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. sell-side analysts anticipate that Marathon Petroleum Corporation will post 3.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. Marathon Petroleum Corporation’s payout ratio is currently 50.00%.

In other Marathon Petroleum Corporation news, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total transaction of $607,079.00. The disclosure for this sale can be found here. Corporate 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.

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

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