Marathon Petroleum Corporation $MPC Stock Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 58.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,980 shares of the oil and gas company’s stock after selling 58,040 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Marathon Petroleum were worth $16,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MeadowBrook Investment Advisors LLC acquired a new stake in Marathon Petroleum in the third quarter worth about $47,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Marathon Petroleum by 2.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 650,809 shares of the oil and gas company’s stock valued at $257,343,000 after acquiring an additional 18,271 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Marathon Petroleum in the 3rd quarter valued at approximately $32,243,000. ProShare Advisors LLC raised its position in shares of Marathon Petroleum by 0.3% in the 3rd quarter. ProShare Advisors LLC now owns 55,907 shares of the oil and gas company’s stock valued at $22,107,000 after purchasing an additional 154 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in Marathon Petroleum by 16.0% in the 3rd quarter. Vise Technologies Inc. now owns 23,922 shares of the oil and gas company’s stock worth $9,459,000 after purchasing an additional 3,294 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Dividend raised 10%: Marathon Petroleum increased its quarterly dividend from $1.00 to $1.10 per share, payable December 10 to shareholders of record November 18. The increase signals confidence in cash generation and strengthens the stock’s shareholder-return appeal. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: Positive pre-earnings expectations: Analysts and financial commentary describe MPC as a potentially attractive value and momentum stock ahead of its November 3 results. Investors are watching whether refining profitability, revenue and other operating metrics can exceed elevated expectations. This Is Why MPC Stock Is a Smart Buy Before Q3 Earnings Release
• Positive Sentiment: Strong momentum and valuation support: Zacks identifies MPC as a strong momentum stock, while other coverage highlights its growth potential and comparatively attractive PEG-based valuation. These signals may be encouraging additional buying interest. Here’s Why Marathon Petroleum Is a Strong Momentum Stock
• Neutral Sentiment: Board appointment: David E. Constable will join MPC’s board effective March 1, 2027. The appointment could add strategic or governance expertise, but its near-term earnings impact is unclear. David Constable to Join Marathon Petroleum Board
• Negative Sentiment: Profit-taking and earnings risks: ETFs were net sellers of MPC, while commentary warns that pressured refining margins and gasoline markets could disappoint after the stock’s substantial rally. Even a quarterly earnings beat may trigger selling if results or guidance fail to exceed high expectations. Marathon Petroleum’s November 3 Earnings Red Flags

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. UBS Group set a $510.00 price objective on shares of Marathon Petroleum in a report on Friday, October 9th. Mizuho boosted their target price on shares of Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Barclays upped their price target on shares of Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Finally, Citigroup raised their price target on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a research note on Tuesday, October 13th. 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 stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average price target of $424.31.

Insider Activity at Marathon Petroleum

In other news, 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 sale, the vice president owned 1,576 shares of the company’s stock, valued at $571,757.04. The trade was a 26.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shawn Lyon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the completion of the sale, the senior vice president directly owned 11,194 shares in the company, valued at approximately $4,206,145.50. The trade was a 8.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,691 shares of company stock worth $7,780,127 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 0.0%

Shares of NYSE MPC opened at $444.92 on Monday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98. The stock has a market capitalization of $129.89 billion, a PE ratio of 15.29, a PEG ratio of 0.12 and a beta of 0.53. 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 stock has a fifty day simple moving average of $417.80 and a 200-day simple moving average of $289.77.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 annualized dividend and a yield of 0.9%. Marathon Petroleum’s payout ratio is presently 13.75%.

About Marathon Petroleum

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.