Marathon Petroleum Corporation $MPC Shares Sold by Oppenheimer & Co. Inc.

Posted by Brian Himes on Oct 27th, 2026

Oppenheimer & Co. Inc. decreased its position in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 11.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,254 shares of the oil and gas company’s stock after selling 13,088 shares during the period. Oppenheimer & Co. Inc.’s holdings in Marathon Petroleum were worth $40,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPC. Vontobel Holding Ltd. increased its stake in Marathon Petroleum by 23.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 14,025 shares of the oil and gas company’s stock valued at $5,546,000 after purchasing an additional 2,637 shares in the last quarter. Energy Income Partners LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth $4,912,000. Evolve Private Wealth LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth $673,000. Railway Pension Investments Ltd purchased a new stake in shares of Marathon Petroleum during the second quarter valued at $3,886,000. Finally, Sax Wealth Advisors LLC grew its holdings in shares of Marathon Petroleum by 471.0% during the third quarter. Sax Wealth Advisors LLC now owns 18,705 shares of the oil and gas company’s stock valued at $7,396,000 after buying an additional 15,429 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James Financial raised their target price on Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Morgan Stanley boosted their price target on Marathon Petroleum from $265.00 to $453.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Evercore set a $330.00 price objective on Marathon Petroleum in a report on Wednesday, August 5th. Finally, Mizuho raised their price objective on Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $424.31.

Check Out Our Latest Stock Report on MPC

Insider Buying and Selling at Marathon Petroleum

In related news, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the transaction, the vice president directly owned 1,576 shares in the company, valued at $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $470.02 on Tuesday. The stock has a 50-day simple moving average of $409.37 and a two-hundred day simple moving average of $283.02. The firm has a market capitalization of $137.22 billion, a P/E ratio of 16.16, a PEG ratio of 0.12 and a beta of 0.54. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $493.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the previous year, the firm posted $3.96 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Corporation will post 64.12 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Key Stories Impacting Marathon Petroleum

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

Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.