Marathon Petroleum Corporation sees significant institutional investment activity

Institutional investors have recently adjusted their positions in Marathon Petroleum Corporation, according to recent Securities and Exchange Commission filings.

In the second quarter, Heartland Bank & Trust Co purchased 3,551 shares valued at approximately $908,000, while Asset One Wealth Management LLC acquired 7,778 shares worth roughly $2,327,000. Other significant moves include BlackRock Inc. acquiring a position valued at over $6.6 billion and the Bank of New York Mellon Corp purchasing a stake worth approximately $1.03 billion.

State Street Corp and Boston Partners also reported increased holdings. Currently, institutional investors and hedge funds own approximately 76.77% of the company's stock. In separate insider activity, senior vice president Shawn M. Lyon sold 2,500 shares in mid-August at an average price of $350 per share.