Marathon Petroleum Corporation (MPC) Shares Bought by Wilen Investment Management CORP.

Wilen Investment Management CORP. raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 31.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,148 shares of the oil and gas company’s stock after acquiring an additional 9,100 shares during the quarter. Marathon Petroleum Corporation makes up about 1.2% of Wilen Investment Management CORP.’s holdings, making the stock its 21st biggest holding. Wilen Investment Management CORP.’s holdings in Marathon Petroleum Corporation were worth $1,984,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Chip Partners Inc. acquired a new position in shares of Marathon Petroleum Corporation in the 2nd quarter valued at $100,000. Guardian Life Insurance Co. of America grew its position in Marathon Petroleum Corporation by 0.7% in the 1st 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 buying an additional 14 shares during the last quarter. FTB Advisors Inc. grew its position in Marathon Petroleum Corporation by 484.9% in the 1st quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 1,697 shares during the last quarter. Lee Financial Co grew its position in Marathon Petroleum Corporation by 2.4% in the 2nd quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 48 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in Marathon Petroleum Corporation by 32.2% in the 1st quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 570 shares during the last quarter. 78.85% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have commented on MPC. Scotiabank reiterated a “hold” rating and issued a $55.00 price objective on shares of Marathon Petroleum Corporation in a research report on Friday, September 1st. BidaskClub raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Jefferies Group LLC reissued a “buy” rating and issued a $64.00 target price (down previously from $65.00) on shares of Marathon Petroleum Corporation in a research note on Wednesday, September 6th. Credit Suisse Group reissued a “buy” rating and issued a $64.00 target price on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $71.00 target price on shares of Marathon Petroleum Corporation in a research note on Thursday, August 31st. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average price target of $59.67.

Marathon Petroleum Corporation (NYSE MPC) opened at 52.96 on Friday. The stock has a market cap of $26.81 billion, a PE ratio of 31.58 and a beta of 1.56. The firm has a 50-day moving average price of $52.82 and a 200-day moving average price of $52.06. Marathon Petroleum Corporation has a 12-month low of $39.29 and a 12-month high of $56.81.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.01). Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The firm had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. During the same period last year, the business earned $1.07 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post $2.90 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.40 per share. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is currently 90.91%.

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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