NewEdge Advisors LLC raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 5.7% in the 2nd quarter, Holdings Channel reports. The firm owned 85,748 shares of the oil and gas company’s stock after acquiring an additional 4,660 shares during the period. NewEdge Advisors LLC’s holdings in Marathon Petroleum were worth $21,923,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Energy Income Partners LLC bought a new stake in Marathon Petroleum in the 2nd quarter worth approximately $4,912,000. Evolve Private Wealth LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $673,000. Railway Pension Investments Ltd bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at approximately $3,886,000. Pictet Asset Management Holding SA grew its holdings in shares of Marathon Petroleum by 31.0% in the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock valued at $52,146,000 after purchasing an additional 50,521 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Marathon Petroleum by 570.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock valued at $41,180,000 after purchasing an additional 143,500 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Marathon Petroleum Stock Down 1.7%
Shares of MPC opened at $392.61 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $333.02 and a 200 day moving average of $272.51. The company has a market cap of $114.62 billion, a PE ratio of 13.50, a P/E/G ratio of 0.26 and a beta of 0.53. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $405.13.
Marathon Petroleum Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.
Analyst Ratings Changes
MPC has been the subject of several research reports. Raymond James Financial increased their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Piper Sandler boosted their target price 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. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Bank of America increased their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $330.50.
Read Our Latest Stock Report on Marathon Petroleum
Marathon Petroleum News Summary
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Marathon Petroleum’s high-return refinery investments are expected to improve operational flexibility, product yields and cost efficiency. Those projects could strengthen refining margins and earnings resilience over the long term. How High-Return Refinery Investment Strengthens MPC’s Long-Term Margins
- Positive Sentiment: Zacks and related market commentary continue to identify MPC as attractive for value and momentum investors, citing its valuation profile, earnings trends and strong share-price performance. This supports the bullish long-term narrative, although the articles do not introduce a new catalyst. Why Marathon Petroleum Is a Top Value Stock for the Long-Term
- Neutral Sentiment: Escalating U.S.-Iran tensions are increasing energy-market risk and creating a mixed backdrop for refiners. Higher volatility or stronger fuel prices could help MPC, but geopolitical disruptions could also pressure demand and operating conditions. Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk
- Negative Sentiment: MPC underperformed the broader market in the latest session. The report provides no specific earnings warning, analyst downgrade or operational problem, suggesting the weakness may reflect profit-taking or broader market positioning after the stock’s substantial run. Marathon Petroleum Dips More Than Broader Market
Insider Activity
In other Marathon Petroleum news, SVP Shawn Lyon sold 2,500 shares of the stock in a transaction dated 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 $4,416,650. This represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Molly Benson sold 17,196 shares of Marathon Petroleum stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the transaction, 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 90 days, insiders have sold 21,691 shares of company stock worth $7,780,127. Company insiders own 0.17% of the company’s stock.
Marathon Petroleum Profile
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 and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.
Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers.
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