Centric Wealth Management Acquires Shares of 11,096 Marathon Petroleum Corporation $MPC

Posted by Stanley Muller on Aug 16th, 2026

Centric Wealth Management acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 11,096 shares of the oil and gas company’s stock, valued at approximately $2,802,000.

Several other hedge funds also recently made changes to their positions in the company. Main Street Group LTD purchased a new stake in Marathon Petroleum during the 1st quarter valued at $35,000. Cedar Mountain Advisors LLC purchased a new position in shares of Marathon Petroleum in the first quarter valued at about $40,000. Navalign LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum during the second quarter worth about $33,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on MPC shares. Barclays raised their target price on Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price objective on Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley lifted their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Evercore set a $330.00 target price on Marathon Petroleum in a research note on Wednesday, August 5th. Finally, Mizuho upped their target price on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $312.50.

Read Our Latest Report on Marathon Petroleum

Marathon Petroleum Stock Performance

Shares of MPC opened at $355.61 on Friday. The company has a 50-day simple moving average of $287.31 and a two-hundred day simple moving average of $247.66. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a market capitalization of $103.82 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a one year low of $160.87 and a one year high of $360.10.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.96 EPS. On average, analysts anticipate that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio is 13.75%.

Insider Buying and Selling

In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

About Marathon Petroleum

(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.