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By The Online Investor Staff, updated Sat., Aug. 2, 12:27 AM

Slide #3. Marathon Petroleum Corporation

Company: Marathon Petroleum Corporation (NYSE:MPC)
$Amount Authorized: $2,000,000,000
Buyback Details: Marathon Petroleum Corporation (NYSE:MPC) announced today that its board of directors approved an additional $2 billion share repurchase authorization through July 2016. This authorization is in addition to the previous authorization, which had $709 million remaining as of June 30, 2014. MPC may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, and repurchases may be discontinued at any time.

Marathon Petroleum is an independent petroleum refining, marketing and transportation company. Co. has three operating segments: Refining and Marketing, which refines crude oil and other feedstocks at Co.'s seven refineries in the Gulf Coast and Midwest regions of the U.S., purchases ethanol and refined products for resale and distributes refined products; Speedway, which sells transportation fuels and convenience products in the retail market in the Midwest, primarily through Speedway® convenience stores; and Pipeline Transportation, which transports crude oil and other feedstocks to Co.'s refineries and other locations, and delivers refined products to wholesale and retail market areas.
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Company Name:  Marathon Petroleum Corp.
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding MPC:  94
Total Market Value Held by ETFs:  $956.91M
Total Market Capitalization:  $22.80B
% of Market Cap. Held by ETFs:  4.20%

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August 2, 2014    12:27 AM Eastern
Quotes delayed 20 minutes

Buy (3.41 out of 4)
69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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