Quotient Investors LLC acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,700 shares of the oil and gas company’s stock, valued at approximately $937,000.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. purchased a new stake in shares of Marathon Petroleum Corporation in the second quarter valued at about $100,000. Guardian Life Insurance Co. of America lifted its holdings 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 purchasing an additional 14 shares in the last quarter. Lee Financial Co lifted its holdings in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 48 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings 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 valued at $116,000 after purchasing an additional 570 shares in the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Marathon Petroleum Corporation by 81.1% in the second quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 1,064 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.05% of the company’s stock.

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Marathon Petroleum Corporation (NYSE MPC) traded up 0.68% during trading on Friday, hitting $57.49. 3,901,844 shares of the stock were exchanged. The stock’s 50-day moving average price is $54.86 and its 200-day moving average price is $53.01. Marathon Petroleum Corporation has a 12-month low of $40.01 and a 12-month high of $57.74. The firm has a market cap of $29.10 billion, a PE ratio of 34.28 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). The company had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. On average, equities analysts expect that Marathon Petroleum Corporation will post $3.27 EPS for the current year.

Several analysts have issued reports on the stock. Citigroup Inc. upped their price target on shares of Marathon Petroleum Corporation from $67.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday. Cowen and Company reaffirmed a “buy” rating and issued a $60.00 price target on shares of Marathon Petroleum Corporation in a report on Tuesday. Zacks Investment Research downgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays PLC reaffirmed an “overweight” rating and issued a $63.00 price target (up previously from $62.00) on shares of Marathon Petroleum Corporation in a report on Tuesday, October 10th. Finally, Edward Jones raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation has an average rating of “Buy” and an average price target of $60.63.

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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