KG Capital Management purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,105 shares of the oil and gas company’s stock, valued at approximately $437,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Financial Network Inc. grew its stake in shares of Marathon Petroleum by 2.0% during the third quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock valued at $422,000 after buying an additional 21 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Marathon Petroleum by 1.0% during the 3rd quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock worth $842,000 after acquiring an additional 22 shares during the last quarter. Capstone Financial Advisors Inc. lifted its stake in shares of Marathon Petroleum by 1.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,938 shares of the oil and gas company’s stock worth $495,000 after acquiring an additional 34 shares during the last quarter. Eastern Bank boosted its holdings in Marathon Petroleum by 2.1% during the 3rd quarter. Eastern Bank now owns 1,936 shares of the oil and gas company’s stock valued at $766,000 after acquiring an additional 39 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock valued at $329,000 after acquiring an additional 40 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on MPC shares. Raymond James Financial upped their price objective on Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $433.00 target price on shares of Marathon Petroleum in a research note on Sunday. The Goldman Sachs Group lifted their target price on Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Evercore set a $330.00 target price on shares of Marathon Petroleum in a research note on Wednesday, August 5th. Finally, Piper Sandler upped their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $417.88.
Marathon Petroleum Stock Up 1.6%
NYSE:MPC opened at $484.44 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $485.22. The company has a 50-day moving average of $390.48 and a 200 day moving average of $306.16. The firm has a market cap of $141.43 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.54.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.96 EPS. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 61.17 EPS for the current fiscal year.
Marathon Petroleum Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.
Insider Activity
In other news, SVP Shawn Lyon sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. The trade was a 26.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.
More Marathon Petroleum News
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Barclays raised its price target to $488, indicating continued confidence in Marathon Petroleum’s outlook and leaving modest implied upside from recent levels. Barclays raises Marathon Petroleum stock target to USD 488.00
- Positive Sentiment: Citigroup lifted its target sharply to $518 from $318. Although Citi maintained a neutral rating, the higher valuation reflects improved expectations for the refiner’s earnings and cash generation. Marathon Petroleum stock 10-month winning streak
- Positive Sentiment: MPC is being highlighted alongside BP, PBF and Valero as a relatively low-beta energy stock that may provide resilience amid elevated oil prices, Middle East tensions and broader market volatility. Stay Ahead of Market Swings With BP, PBF, VLO & MPC
- Positive Sentiment: Technical momentum remains strong: the stock is approaching a potential 10-month winning streak, a pattern last seen in 2013, while the refining ETF CRAK has posted substantial gains this year. Marathon Petroleum stock 10-month winning streak
- Neutral Sentiment: DBS reiterated a Hold rating, suggesting the firm sees balanced upside and downside after MPC’s substantial rally. DBS Keeps Their Hold Rating on Marathon Petroleum
- Negative Sentiment: Investors are questioning whether MPC’s share price still reflects reasonable intrinsic value based on future cash flow after an approximately sevenfold five-year return. This raises the risk that valuation, rather than fundamentals, could weigh on the stock. Can Marathon Petroleum Still Justify Its Price On Cash Flow?
About Marathon Petroleum
Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.
Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.
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