Marathon Petroleum Corporation (NYSE:MPC – Get Free Report) dropped 8.2% on Wednesday. The company traded as low as $379.10 and last traded at $392.0880. 4,008,166 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 2,469,925 shares. The stock had previously closed at $427.34.
More Marathon Petroleum News
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: A Zacks analysis said MPC could benefit from refinery outages, tight fuel inventories and cheaper heavy crude, which may support refining margins and further upside for the shares. Article: 3 Refining Stocks That Have Doubled in 2026: What’s Next?
- Positive Sentiment: Piper Sandler raised its price target from $462 to $466 and maintained an Overweight rating, signaling continued analyst confidence. Piper Sandler stock recommendations
- Neutral Sentiment: MPC’s $4.2 billion sale of its St. Paul Park and Mandan refineries and related marketing business is intended to fund a greater Gulf Coast focus, including investments to increase diesel output, crude throughput and premium gasoline exports. The shift could improve returns, though it also means selling operating assets. Article: Can MPC’s Gulf Coast Focus Fuel Stronger Future Refining Returns?
- Negative Sentiment: MarketWatch reported that MPC shares underperformed competitors Friday, pointing to relative weakness, although the report’s headline did not specify a cause. Article: Marathon Petroleum Corp. stock underperforms Friday when compared to competitors
- Negative Sentiment: ETFs were net sellers of MPC on Wednesday, selling about $20.1 million in shares despite more funds buying than selling. Article: ETFs Are Net Sellers of Marathon Petroleum (MPC) on Wednesday
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MPC. The Goldman Sachs Group increased their price target on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a report on Monday, September 21st. Raymond James Financial boosted 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. Bank of America increased their target price on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $560.00 to $564.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, TD Cowen upped their price target on shares of Marathon Petroleum from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $425.12.
Read Our Latest Analysis on Marathon Petroleum
Marathon Petroleum Trading Down 1.3%
The company has a current ratio of 1.45, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average of $421.69 and a 200 day moving average of $295.35. The stock has a market capitalization of $101.42 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.10 and a beta of 0.53.
Marathon Petroleum (NYSE:MPC – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $25.37 by $1.56. The company had revenue of $56.03 billion during the quarter, compared to analysts’ expectations of $46.60 billion. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The company’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.01 earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 64.38 EPS for the current fiscal year.
Marathon Petroleum Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio is currently 15.13%.
Insider Activity
In related news, VP Erin M. Brzezinski sold 570 shares of the firm’s 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 owned 1,576 shares in the company, valued at $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shawn Lyon sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,691 shares of company stock worth $7,780,127 over the last three months. Corporate insiders own 0.17% of the company’s stock.
Hedge Funds Weigh In On Marathon Petroleum
A number of hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its position in Marathon Petroleum by 23.2% during the third quarter. Vontobel Holding Ltd. now owns 14,025 shares of the oil and gas company’s stock worth $5,546,000 after acquiring an additional 2,637 shares during the period. Energy Income Partners LLC acquired a new stake in Marathon Petroleum in the 2nd quarter worth $4,912,000. Evolve Private Wealth LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter worth about $673,000. Railway Pension Investments Ltd acquired a new position in shares of Marathon Petroleum during the second quarter valued at about $3,886,000. Finally, Sax Wealth Advisors LLC raised its position 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 and hedge funds own 76.77% of the company’s stock.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.
The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.
Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.
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