Foster Victor Wealth Advisors LLC boosted its stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 326.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,555 shares of the oil and gas company’s stock after acquiring an additional 9,613 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $4,964,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Marathon Petroleum during the second quarter worth $6,648,958,000. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at $1,029,611,000. Bank of America Corp DE lifted its stake in shares of Marathon Petroleum by 1.6% in the 1st quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock valued at $633,668,000 after acquiring an additional 40,124 shares during the last quarter. Amundi lifted its stake in shares of Marathon Petroleum by 17.5% in the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock valued at $572,172,000 after acquiring an additional 332,551 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Marathon Petroleum by 16.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock valued at $385,675,000 after acquiring an additional 215,686 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.
Insider Buying and Selling
In other Marathon Petroleum news, SVP Shawn M. 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 completion of the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the firm’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 transaction, the vice president owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. The trade was a 26.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,691 shares of company stock valued at $7,780,127 over the last ninety days. 0.17% of the stock is owned by company insiders.
Marathon Petroleum Stock Down 1.3%
Shares of NYSE:MPC opened at $469.02 on Thursday. The firm has a market cap of $136.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.14 and a beta of 0.54. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $493.98. The business has a fifty day simple moving average of $405.97 and a 200 day simple moving average of $314.27.
Marathon Petroleum (NYSE:MPC – Get Free Report) last released its quarterly 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. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the previous year, the company posted $3.96 EPS. The business’s revenue was up 53.5% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post 64.00 earnings per share for the current year.
Marathon Petroleum Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s payout ratio is currently 13.75%.
Marathon Petroleum News Summary
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Strong refining margins support earnings: Higher fuel margins are improving profitability across U.S. refiners, including MPC. The favorable industry backdrop could sustain cash flow and shareholder returns if margins remain elevated. U.S. Refiners Benefit From Strong Margins: Will Momentum Last?
- Positive Sentiment: Positive long-term performance and momentum: MPC has substantially outperformed the broader market and major technology stocks in 2026, attracting investor attention and reinforcing the bullish momentum case. An Oil Refiner Is Beating Nvidia This Year
- Neutral Sentiment: Supplier recognition highlights operational relationships: Cognite was named MPC’s Corporate Supplier of the Year, recognizing its contribution to the company’s business. The award is positive for the relationship but is unlikely to materially affect MPC’s earnings or valuation. Cognite Earns Corporate Supplier of the Year Award from Marathon Petroleum Corporation
- Negative Sentiment: Profit-taking and valuation concerns: After establishing a new one-year high and advancing sharply, MPC faces a higher risk of profit-taking. Analysts have also questioned the stock’s limited margin of safety and whether profitability has reached a ceiling. Marathon Petroleum: Good Momentum Stocks, But Little Margin Of Safety
- Negative Sentiment: Middle East risks could pressure margins: Higher crude prices linked to regional tensions may benefit upstream producers but can raise refiners’ input costs. Investors are weighing whether the conflict-driven boost to energy prices and refining economics can last. Marathon Petroleum Profitability Seems To Have A Ceiling With The Mature Conflict In The Middle East
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on MPC shares. Citigroup upped their target price on Marathon Petroleum from $318.00 to $518.00 and gave the stock a “neutral” rating in a report on Tuesday, October 13th. Mizuho lifted their price target on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Morgan Stanley boosted their price target on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Piper Sandler boosted their price target on Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. One equities 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $417.88.
Get Our Latest Analysis on Marathon Petroleum
Marathon Petroleum Company Profile
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.
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