Mizuho Asset Management Co. Ltd. increased its stake in Marathon Petroleum Corp. (NYSE:MPC) by 271.5% during the second quarter, Holdings Channel reports. The firm owned 7,054 shares of the company’s stock after buying an additional 5,155 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Marathon Petroleum Corp. were worth $268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sii Investments Inc. WI increased its position in Marathon Petroleum Corp. by 33.3% in the second quarter. Sii Investments Inc. WI now owns 11,590 shares of the company’s stock valued at $441,000 after buying an additional 2,896 shares during the period. Pittenger & Anderson Inc. increased its position in Marathon Petroleum Corp. by 68.2% in the second quarter. Pittenger & Anderson Inc. now owns 56,060 shares of the company’s stock valued at $2,128,000 after buying an additional 22,725 shares during the period. Private Advisor Group LLC increased its position in Marathon Petroleum Corp. by 26.5% in the second quarter. Private Advisor Group LLC now owns 9,932 shares of the company’s stock valued at $363,000 after buying an additional 2,078 shares during the period. Dimensional Fund Advisors LP increased its position in Marathon Petroleum Corp. by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,790,150 shares of the company’s stock valued at $219,769,000 after buying an additional 28,217 shares during the period. Finally, Edge Asset Management Inc. increased its position in Marathon Petroleum Corp. by 6.4% in the second quarter. Edge Asset Management Inc. now owns 2,883,067 shares of the company’s stock valued at $109,442,000 after buying an additional 172,675 shares during the period. Institutional investors and hedge funds own 79.85% of the company’s stock.

Marathon Petroleum Corp. (NYSE:MPC) traded up 0.92% on Monday, reaching $44.02. The company’s stock had a trading volume of 492,716 shares. The stock’s 50 day moving average price is $41.46 and its 200 day moving average price is $38.01. Marathon Petroleum Corp. has a 12 month low of $29.24 and a 12 month high of $59.99. The company has a market cap of $23.28 billion, a P/E ratio of 12.15 and a beta of 2.20.

Marathon Petroleum Corp. (NYSE:MPC) last released its earnings results on Thursday, July 28th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Marathon Petroleum Corp. had a return on equity of 10.94% and a net margin of 3.02%. The firm earned $16.81 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period in the prior year, the company earned $1.51 earnings per share. The company’s quarterly revenue was down 18.4% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Corp. will post $2.40 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, August 15th. This is a boost from Marathon Petroleum Corp.’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 3.30%. Marathon Petroleum Corp.’s dividend payout ratio is presently 39.78%.

Several equities analysts recently commented on the company. Piper Jaffray Cos. raised their target price on Marathon Petroleum Corp. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday. Vetr upgraded Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $51.50 target price for the company in a research report on Monday, September 12th. Credit Suisse Group AG restated an “outperform” rating on shares of Marathon Petroleum Corp. in a research report on Sunday, September 4th. Jefferies Group began coverage on Marathon Petroleum Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Zacks Investment Research upgraded Marathon Petroleum Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have 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 $53.05.

About Marathon Petroleum Corp.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

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