Will Marathon Petroleum’s New Purchase Appease These Top Institutional Shareholders?

Marathon Petroleum (NYSE:MPC) agrees to purchase BP’s Texas city refinery, NGL pipelines originating at the refinery, four terminals, a 1040 MW cogeneration facility and other assets for $ 598 million. Along with the 451,000 barrel per day refinery, Marathon also secures retail marketing contract assignments for about 1,200 branded sites. The transaction is expected to be immediately accretive to Marathon’s earnings.

Will Marathon’s shareholders increase their holdings? These firms reported owning a total of 276,523 shares on 09/30/2012. The shares closed at $54.59 on 09/30/2012.

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Here are the ten largest positions in Marathon Petroleum Corporation at the end of September 30th, 2012.

First Citizens Bank & Trust Co held 165,042 shares on 09/30/2012 worth $9,009,643. This brought the portfolio total to 0.31%.

AKJ Asset Management LLC held 32,225 shares on 09/30/2012 worth $1,759,163. This brought the portfolio total to 1.34%.

Steinberg Global Asset Management held 28,146 shares on 09/30/2012 worth $1,536,490. This brought the portfolio total to 0.41%.

BB&T Corp held 16,163 shares on 09/30/2012 worth $882,338. This brought the portfolio total to 0.04%.

Condor Capital Management held 12,210 shares on 09/30/2012 worth $666,544. This brought the portfolio total to 0.29%.

Denali Advisors LLC held 6,900 shares on 09/30/2012 worth $376,671. This brought the portfolio total to 0.07%.

Park National Corp /OH/ held 6,097 shares on 09/30/2012 worth $332,835. This brought the portfolio total to 0.03%.

Neville Rodie & Shaw Inc held 4,824 shares on 09/30/2012 worth $263,342. This brought the portfolio total to 0.03%.

1st Global Advisors Inc. held 4,288 shares on 09/30/2012 worth $234,082. This brought the portfolio total to 0.05%.

Penseco Financial Services Corp held 628 shares on 09/30/2012 worth $34,283. This brought the portfolio total to 0.03%.

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