Marathon Petroleum Corp. shares inched 0.34% higher to $61.55 Wednesday. This proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.11% to 4,241.84 and Dow Jones Industrial Average DJIA falling 0.21% to 33,874.24.
Marathon Petroleum Corp. closed $3.29 short of its 52-week high ($64.84), which the company reached on June 10th.The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Exxon Mobil Corp. XOM rose 0.74% to $64.26, Chevron Corp. CVX fell 0.12% to $106.27, and BP PLC ADR BP rose 0.29% to $27.23.
As Marathon Petroleum Corp accepted for purchase all the shares of common stock which were properly tendered and not properly withdrawn at a price at or below $63.00, there is no proration factor. The depositary will promptly pay for all the shares accepted for payment. Payment for shares purchased will be made in cash, without interest, but subject to applicable withholding taxes.