L & S Advisors Inc bought a new position in Marathon Petroleum Corp (NYSE:MPC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,495 shares of the oil and gas company’s stock, valued at approximately $3,548,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPC. BlackRock Inc. lifted its stake in shares of Marathon Petroleum by 2.3% in the 2nd quarter. BlackRock Inc. now owns 56,398,616 shares of the oil and gas company’s stock worth $3,151,555,000 after acquiring an additional 1,251,901 shares during the period. Dana Investment Advisors Inc. lifted its stake in Marathon Petroleum by 2.9% during the second quarter. Dana Investment Advisors Inc. now owns 332,973 shares of the oil and gas company’s stock valued at $18,607,000 after purchasing an additional 9,368 shares during the last quarter. US Bancorp DE lifted its stake in Marathon Petroleum by 15.8% during the second quarter. US Bancorp DE now owns 1,978,039 shares of the oil and gas company’s stock valued at $110,532,000 after purchasing an additional 269,890 shares during the last quarter. Virtus ETF Advisers LLC lifted its stake in Marathon Petroleum by 12,507.6% during the second quarter. Virtus ETF Advisers LLC now owns 41,605 shares of the oil and gas company’s stock valued at $2,325,000 after purchasing an additional 41,275 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its stake in Marathon Petroleum by 36.3% during the second quarter. ETRADE Capital Management LLC now owns 31,719 shares of the oil and gas company’s stock valued at $1,772,000 after purchasing an additional 8,441 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Marathon Petroleum from $82.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, May 17th. ValuEngine upgraded shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday. Zacks Investment Research lowered shares of Marathon Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, May 17th. Finally, Raymond James boosted their price target on shares of Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $80.27.

Marathon Petroleum stock traded up $0.02 during trading hours on Friday, hitting $53.21. The company had a trading volume of 20,478 shares, compared to its average volume of 5,743,435. The firm has a market capitalization of $35.02 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.63. The firm’s fifty day moving average is $50.34 and its 200-day moving average is $54.81. Marathon Petroleum Corp has a fifty-two week low of $43.96 and a fifty-two week high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.40. The firm had revenue of $33.70 billion for the quarter, compared to analyst estimates of $33.26 billion. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. Analysts anticipate that Marathon Petroleum Corp will post 3.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.53 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.12 annualized dividend and a yield of 3.98%. Marathon Petroleum’s dividend payout ratio is presently 31.27%.

About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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

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