Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,800 shares of the oil and gas company’s stock after selling 10,500 shares during the period. Korea Investment CORP owned approximately 0.07% of Marathon Petroleum Corporation worth $19,224,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MPC. BlackRock Inc. increased its holdings in shares of Marathon Petroleum Corporation by 2,779.4% during the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock worth $2,836,372,000 after buying an additional 54,172,304 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Marathon Petroleum Corporation by 4.1% during the second quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock worth $2,054,251,000 after buying an additional 1,544,114 shares in the last quarter. State Street Corp increased its holdings in shares of Marathon Petroleum Corporation by 0.4% during the first quarter. State Street Corp now owns 28,029,983 shares of the oil and gas company’s stock worth $1,416,636,000 after buying an additional 107,894 shares in the last quarter. Kensico Capital Management Corp increased its holdings in shares of Marathon Petroleum Corporation by 7.7% during the first quarter. Kensico Capital Management Corp now owns 9,260,000 shares of the oil and gas company’s stock worth $468,000,000 after buying an additional 660,000 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its holdings in shares of Marathon Petroleum Corporation by 8.0% during the second quarter. Iridian Asset Management LLC CT now owns 8,327,167 shares of the oil and gas company’s stock worth $435,761,000 after buying an additional 619,548 shares in the last quarter. 81.02% of the stock is owned by hedge funds and other institutional investors.

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In related news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum Corporation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Shares of Marathon Petroleum Corporation (MPC) traded up $0.48 during mid-day trading on Tuesday, reaching $62.20. 2,823,400 shares of the company’s stock traded hands, compared to its average volume of 4,407,922. The firm has a market cap of $30,144.80, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.57 and a beta of 1.59. Marathon Petroleum Corporation has a 12-month low of $42.57 and a 12-month high of $63.41. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.29. The company had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. Marathon Petroleum Corporation’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. equities analysts expect that Marathon Petroleum Corporation will post 3.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.57%. Marathon Petroleum Corporation’s dividend payout ratio is presently 49.08%.

MPC has been the subject of a number of research reports. BidaskClub lowered shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report 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 report on Friday, August 25th. Zacks Investment Research raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report 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 for the company. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Cowen and Company raised their price objective on shares of Marathon Petroleum Corporation from $60.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.93.

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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