Daiwa Securities Group Inc. increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 123.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,286 shares of the oil and gas company’s stock after acquiring an additional 18,386 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Marathon Petroleum Corporation were worth $1,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPC. Accurate Investment Solutions Inc. increased its stake in shares of Marathon Petroleum Corporation by 0.4% in the second quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 14 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock valued at $336,000 after purchasing an additional 19 shares during the period. Good Life Advisors LLC increased its stake in shares of Marathon Petroleum Corporation by 0.5% in the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock valued at $363,000 after purchasing an additional 35 shares during the period. Parallel Advisors LLC increased its stake in shares of Marathon Petroleum Corporation by 0.6% in the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $355,000 after purchasing an additional 36 shares during the period. Finally, Warren Averett Asset Management LLC increased its stake in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock valued at $646,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 81.28% of the company’s stock.

Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at $61.72 on Friday. The firm has a market cap of $30,115.50, a P/E ratio of 18.74, a P/E/G ratio of 1.56 and a beta of 1.59. Marathon Petroleum Corporation has a 1-year low of $42.57 and a 1-year high of $63.41. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.

Marathon Petroleum Corporation (NYSE:MPC) last issued its 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 firm had revenue of $19.36 billion during the quarter, compared to analysts’ expectations of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. equities research analysts predict that Marathon Petroleum Corporation will post 3.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum Corporation’s payout ratio is 49.08%.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC set a $65.00 price target on shares of Marathon Petroleum Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) lowered shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Barclays PLC restated an “overweight” rating and issued a $63.00 price target (up previously from $62.00) on shares of Marathon Petroleum Corporation in a research note on Tuesday, October 10th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Marathon Petroleum Corporation presently has an average rating of “Buy” and an average target price of $62.64.

In related news, insider Anthony R. Kenney sold 77,578 shares of the firm’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 transaction of $4,836,988.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP C. Michael Palmer sold 11,450 shares of the firm’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. Company insiders own 1.05% of the company’s stock.

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Marathon Petroleum Corporation 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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