Peterson Wealth Services Reduces Stock Position in Marathon Petroleum Corporation $MPC

Peterson Wealth Services lessened its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 68.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,917 shares of the oil and gas company’s stock after selling 41,827 shares during the quarter. Peterson Wealth Services’ holdings in Marathon Petroleum were worth $3,077,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MPC. Alberta Investment Management Corp acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $2,891,000. Diversified Trust Co. lifted its holdings in shares of Marathon Petroleum by 39.3% in the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after buying an additional 4,419 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $1,004,000. USA Financial Formulas acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at about $791,000. Finally, KKM Financial LLC lifted its holdings in shares of Marathon Petroleum by 27.6% in the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock valued at $5,050,000 after buying an additional 5,661 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Analysts and screeners continue to highlight MPC as a strong momentum and growth stock, with multiple Zacks articles listing it among top picks for investors seeking upside. Article: What Makes Marathon Petroleum (MPC) a Strong Momentum Stock: Buy Now?
• Positive Sentiment: Raymond James raised its price target on Marathon Petroleum to $300 from $285 and kept an outperform rating, reinforcing the bullish view that the stock still has room to run. Article: Raymond James raises price target on Marathon Petroleum to $300 from $285, maintains outperform rating
• Positive Sentiment: Coverage also points to strong refining margins and tight fuel supply as key drivers, with MPC benefiting from industry conditions that support earnings and shareholder returns. Article: 2 Refining Stocks With 35%+ Upside in 6 Months Despite High Oil Prices
• Neutral Sentiment: Several articles this week simply repeated the same bullish thesis on MPC, noting its relatively attractive valuation metrics and strong earnings profile, but they do not add materially new catalysts. Article: Is Marathon Petroleum Corporation (MPC) A Good Stock To Buy Now?
• Neutral Sentiment: One filing noted insider selling by Michael Henschen II, which is worth watching but appears limited relative to the broader positive news flow. Article: Michael Henschen II Sells 6,336 Shares of Marathon Petroleum (NYSE:MPC) Stock

Insiders Place Their Bets

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MPC shares. Scotiabank boosted their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, May 7th. TD Cowen boosted their price objective on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Bank of America boosted their price objective on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, Citigroup upped their price target on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $270.38.

Marathon Petroleum Stock Performance

NYSE MPC opened at $260.58 on Friday. The stock has a market capitalization of $76.07 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.42 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average of $244.07 and a 200 day moving average of $212.05.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.Marathon Petroleum’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.