Geode Capital Management LLC Trims Holdings in Marathon Petroleum Corporation $MPC

Posted by Francis Steltz on May 29th, 2026

Geode Capital Management LLC decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,769,469 shares of the oil and gas company’s stock after selling 151,345 shares during the quarter. Geode Capital Management LLC’s holdings in Marathon Petroleum were worth $1,258,627,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners lifted its position in Marathon Petroleum by 2.3% during the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after buying an additional 141,691 shares in the last quarter. Legal & General Group Plc lifted its position in Marathon Petroleum by 2.0% during the third quarter. Legal & General Group Plc now owns 1,861,020 shares of the oil and gas company’s stock worth $358,693,000 after buying an additional 35,847 shares in the last quarter. Amundi lifted its position in Marathon Petroleum by 11.8% during the third quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock worth $314,830,000 after buying an additional 172,172 shares in the last quarter. National Pension Service lifted its position in Marathon Petroleum by 1.7% during the third quarter. National Pension Service now owns 849,268 shares of the oil and gas company’s stock worth $163,688,000 after buying an additional 14,308 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Marathon Petroleum by 1.8% during the third quarter. Rhumbline Advisers now owns 669,237 shares of the oil and gas company’s stock worth $128,989,000 after buying an additional 11,948 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the completion of the transaction, the insider directly owned 10,188 shares of the company’s stock, valued at $2,290,058.64. The trade was a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 4,473 shares of company stock worth $1,015,428. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MPC shares. Citigroup lifted their price objective on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on Marathon Petroleum from $230.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Bank of America raised their target price on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday. Finally, UBS Group set a $285.00 target price on Marathon Petroleum in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $268.50.

View Our Latest Stock Report on MPC

Marathon Petroleum Trading Up 1.9%

Shares of NYSE MPC opened at $251.71 on Friday. Marathon Petroleum Corporation has a twelve month low of $155.93 and a twelve month high of $264.14. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of $240.01 and a 200-day simple moving average of $207.41. The stock has a market capitalization of $73.48 billion, a PE ratio of 16.43, a PEG ratio of 0.40 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Corporation will post 30.05 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s payout ratio is presently 26.11%.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings outlook and possible near-term upside. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
Positive Sentiment: MPC was also included on Zacks’ Strong Buy momentum stocks list, reinforcing short-term bullish sentiment. Best Momentum Stock to Buy for May 28th
Positive Sentiment: The stock was added to Zacks’ Strong Buy value list, which may support investor interest from value-focused buyers. Best Value Stock to Buy for May 28th
Positive Sentiment: MPC was also named among Zacks’ Strong Buy growth stocks, adding another bullish screen-based signal. Best Growth Stocks to Buy for May 28th
Neutral Sentiment: Investors are also paying more attention to Marathon Petroleum, which can increase trading interest but is not a fundamental catalyst by itself. Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
Negative Sentiment: One article noted that Marathon Petroleum insiders sold about $2.3 million of stock over the past year, which could make some investors more cautious. Marathon Petroleum Insiders Sell US$2.3m Of Stock, Possibly Signalling Caution

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.