Marathon Petroleum Corporation $MPC Position Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,128 shares of the oil and gas company’s stock after purchasing an additional 3,231 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Marathon Petroleum were worth $20,044,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Marathon Petroleum during the second quarter worth $6,648,958,000. Bank of New York Mellon Corp bought a new stake in Marathon Petroleum in the 2nd quarter valued at $1,029,611,000. Bank of America Corp DE acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $621,832,000. Legal & General Group Plc bought a new position in shares of Marathon Petroleum in the second quarter valued at about $380,745,000. Finally, Deutsche Bank AG acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $280,761,000. Institutional investors own 76.77% of the company’s stock.

Insider Activity

In other news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the transaction, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the sale, the vice president owned 1,576 shares in the company, valued at $571,757.04. The trade was a 26.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 21,691 shares of company stock valued at $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Down 8.2%

NYSE MPC opened at $392.09 on Thursday. 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 twelve month low of $161.93 and a twelve month high of $493.98. The company has a market cap of $114.47 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.11 and a beta of 0.53. The business’s fifty day moving average is $421.22 and its 200 day moving average is $293.35.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, beating the consensus estimate of $25.37 by $1.56. The firm had revenue of $56.03 billion during the quarter, compared to the consensus estimate of $46.60 billion. Marathon Petroleum had a return on equity of 58.93% and a net margin of 8.27%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the company earned $3.01 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Marathon Petroleum News Summary

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

• Positive Sentiment: Third-quarter adjusted EPS rose to $26.93 from $3.01 a year earlier, beating estimates. Adjusted EBITDA was $11.7 billion, supported by strong refining margins and record refinery utilization. Article: Marathon Petroleum Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: MPC raised its quarterly dividend 10% and approved a $5 billion buyback, signaling confidence in cash generation and increasing potential shareholder returns. Article: Marathon Petroleum Raises Dividend 10% and Approves $5 Billion Buyback
• Neutral Sentiment: MPC agreed to sell its St. Paul Park and Mandan refineries and related businesses to CVR Energy in a roughly $4.2 billion transaction. The company plans to focus investment primarily on Gulf Coast growth; the deal provides substantial proceeds but also reduces its Midwest refining footprint. Article: Marathon Petroleum Agrees $4.2 Billion Refinery Deal To Refocus Its Footprint
• Negative Sentiment: The earnings surge was fueled by exceptional refining margins and favorable fuel spreads. If those conditions ease, profits could retreat, tempering enthusiasm for a quarter that was exceptionally strong. Article: Marathon Petroleum Refining Margin Jumps 160%
• Negative Sentiment: Reports highlighted a sharp single-session selloff, indicating investors were not reassured by the earnings beat and may be weighing profit-taking or the sustainability of peak refining conditions. Article: Marathon Petroleum Drops 7% in a Single Session, Erasing $8 Billion

Wall Street Analyst Weigh In

Several brokerages have issued reports on MPC. Jefferies Financial Group restated a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a research report on Sunday, October 11th. Barclays lifted their price objective on shares of Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Citigroup raised their price objective on Marathon Petroleum from $318.00 to $518.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 13th. Finally, Wells Fargo & Company boosted their price target on Marathon Petroleum from $560.00 to $564.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $424.88.

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.