National Pension Service Acquires 47,885 Shares of Marathon Petroleum Corporation (MPC)

National Pension Service boosted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 10.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 497,989 shares of the oil and gas company’s stock after buying an additional 47,885 shares during the period. National Pension Service owned approximately 0.10% of Marathon Petroleum Corporation worth $25,801,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake in shares of 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 valued at $103,000 after buying an additional 14 shares in the last quarter. FTB Advisors Inc. boosted its stake 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 stake 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 stake 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 stake 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 and hedge funds own 81.36% of the company’s stock.

Marathon Petroleum Corporation (NYSE MPC) traded up 0.82% during midday trading on Friday, reaching $50.11. The company’s stock had a trading volume of 3,661,324 shares. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81. The stock has a market capitalization of $25.37 billion, a PE ratio of 29.88 and a beta of 1.56. The firm’s 50-day moving average price is $54.03 and its 200-day moving average price is $51.70.

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 for the quarter, missing the consensus estimate of $1.04 by $0.01. The firm had revenue of $18.35 billion during the quarter, compared to analysts’ expectations of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. On average, analysts anticipate that Marathon Petroleum Corporation will post $2.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a $0.40 dividend. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, August 14th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is 90.91%.

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A number of equities research analysts recently weighed in on the company. Cowen and Company upped their price objective 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. Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. BidaskClub upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $62.00 price objective on shares of Marathon Petroleum Corporation in a report on Thursday, May 25th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $58.62.

In related news, insider Thomas M. Kelley sold 25,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP C. Michael Palmer sold 4,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total value of $213,000.00. Following the completion of the sale, the vice president now owns 61,757 shares of the company’s stock, valued at $3,288,560.25. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

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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