B.A. Schrock Wealth Management Inc. acquired a new position in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,052 shares of the oil and gas company’s stock, valued at approximately $862,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Energy Income Partners LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $4,912,000. Evolve Private Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $673,000. Railway Pension Investments Ltd acquired a new position in Marathon Petroleum in the 2nd quarter worth approximately $3,886,000. Pictet Asset Management Holding SA boosted its position 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 worth $52,146,000 after buying an additional 50,521 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position 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 worth $41,180,000 after buying an additional 143,500 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.
Marathon Petroleum Stock Performance
Shares of 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 one year low of $161.93 and a one year high of $485.22. The business’s 50-day moving average price is $390.48 and its two-hundred day moving average price is $306.16. The company has a market capitalization of $141.43 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.54.
Marathon Petroleum Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.00 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.
Insider Buying and Selling
In other Marathon Petroleum news, insider Molly R. 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 value of $6,165,969.72. Following the completion of the sale, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. The trade was a 36.18% 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, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president directly owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,691 shares of company stock worth $7,780,127. Insiders own 0.17% of the company’s stock.
Trending Headlines about Marathon Petroleum
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?
Wall Street Analysts Forecast Growth
MPC has been the topic of a number of research analyst reports. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley increased their price objective on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. TD Cowen raised their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Bank of America raised their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Finally, UBS Group set a $510.00 target price on Marathon Petroleum in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $417.88.
Get Our Latest Report on Marathon Petroleum
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, 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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