Catalyst Capital Advisors LLC raised its stake in Marathon Petroleum Corporation (NYSE:MPC) by 415.1% during the second quarter, Holdings Channel reports. The firm owned 6,701 shares of the oil and gas company’s stock after buying an additional 5,400 shares during the period. Catalyst Capital Advisors LLC’s holdings in Marathon Petroleum Corporation were worth $351,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capstone Asset Management Co. boosted its stake in shares of Marathon Petroleum Corporation by 3.4% in the first quarter. Capstone Asset Management Co. now owns 59,155 shares of the oil and gas company’s stock valued at $2,990,000 after buying an additional 1,960 shares during the period. Tompkins Financial Corp boosted its stake in shares of Marathon Petroleum Corporation by 413.6% in the first quarter. Tompkins Financial Corp now owns 3,595 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 2,895 shares during the period. Cullinan Associates Inc. boosted its stake in shares of Marathon Petroleum Corporation by 0.9% in the first quarter. Cullinan Associates Inc. now owns 129,810 shares of the oil and gas company’s stock valued at $6,561,000 after buying an additional 1,182 shares during the period. Pinnacle Bank acquired a new stake in shares of Marathon Petroleum Corporation during the first quarter valued at approximately $124,000. Finally, CGOV Asset Management boosted its stake in shares of Marathon Petroleum Corporation by 30.0% in the first quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Marathon Petroleum Corporation (NYSE MPC) opened at 52.31 on Tuesday. Marathon Petroleum Corporation has a one year low of $39.29 and a one year high of $56.81. The stock has a 50 day moving average price of $54.16 and a 200-day moving average price of $51.69. The firm has a market cap of $26.48 billion, a P/E ratio of 31.19 and a beta of 1.56.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The company had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter last year, the business posted $1.07 EPS. Marathon Petroleum Corporation’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post $2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.06%. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is 81.82%.

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MPC has been the topic of several research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Marathon Petroleum Corporation in a research report on Wednesday, April 19th. Citigroup Inc. reiterated a “buy” rating and issued a $67.00 price target (down from $68.50) on shares of Marathon Petroleum Corporation in a research report on Saturday, April 22nd. Scotiabank reiterated a “hold” rating and issued a $54.00 price target on shares of Marathon Petroleum Corporation in a research report on Friday, April 28th. US Capital Advisors reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $62.00 price target on shares of Marathon Petroleum Corporation in a research report on Thursday, May 25th. Three 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.62.

In other news, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP C. Michael Palmer sold 4,568 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $52.04, for a total value of $237,718.72. Following the sale, the vice president now directly owns 62,325 shares in the company, valued at approximately $3,243,393. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,568 shares of company stock worth $1,808,969. 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.

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

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