Marathon Petroleum Corporation $MPC Stock Position Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,254 shares of the oil and gas company’s stock after selling 13,088 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Marathon Petroleum were worth $40,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. raised 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 purchased a new position in Marathon Petroleum during the second quarter valued at $4,912,000. Evolve Private Wealth LLC acquired a new stake in shares of Marathon Petroleum in the second quarter valued at about $673,000. Railway Pension Investments Ltd acquired a new stake in shares of Marathon Petroleum in the second quarter valued at about $3,886,000. Finally, Sax Wealth Advisors LLC increased its stake 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 worth $7,396,000 after purchasing an additional 15,429 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum News Summary

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

• Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
• Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
• Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
• Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
• Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction dated 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 owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 1,000 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $375.75, for a total transaction of $375,750.00. Following the completion of the sale, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. This represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,691 shares of company stock valued at $7,780,127 in the last three months. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Stock Up 2.8%

MPC stock opened at $470.02 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $409.37 and a two-hundred day moving average of $283.02. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98. The company has a market cap of $137.22 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.12 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.96 EPS. As a group, analysts forecast that Marathon Petroleum Corporation will post 64.12 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Analysts Set New Price Targets

MPC has been the subject of several research analyst reports. UBS Group set a $510.00 price target on shares of Marathon Petroleum in a research report on Friday, October 9th. Weiss Ratings raised shares of Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Bank of America lifted their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Barclays boosted their price objective on Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Finally, Citigroup increased their target price on Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $424.31.

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.