First Nebraska Trust Co Buys 17,411 Shares of Marathon Petroleum Corporation $MPC

First Nebraska Trust Co bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,411 shares of the oil and gas company’s stock, valued at approximately $6,884,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $6,087,000. Gerber Kawasaki Wealth & Investment Management bought a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $266,000. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Marathon Petroleum by 2.8% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 5,293 shares of the oil and gas company’s stock worth $2,093,000 after buying an additional 146 shares during the period. Signature Equity Partners LLC boosted its position in shares of Marathon Petroleum by 5.7% during the third quarter. Signature Equity Partners LLC now owns 466 shares of the oil and gas company’s stock worth $184,000 after buying an additional 25 shares during the period. Finally, XML Financial LLC bought a new position in Marathon Petroleum in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a research report on Wednesday, October 14th. Jefferies Financial Group reiterated a “hold” rating and set a $433.00 price target on shares of Marathon Petroleum in a research report on Sunday, October 11th. Morgan Stanley increased their price target on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. Zacks Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Finally, Mizuho raised their price target on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $424.31.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Adjusted earnings of $26.93 per share topped analyst expectations, while revenue reached about $56 billion. Profit surged from a year earlier as refining margins jumped and refineries operated at high utilization. Reuters article
• Positive Sentiment: MPC raised its quarterly dividend by 10% and reported $3.3 billion in capital returned during the quarter. The company also highlighted strong cash generation, which may support further investor payouts. Third-quarter results
• Neutral Sentiment: MPC agreed to sell its St. Paul Park and Mandan refineries and related businesses to CVR Energy in a transaction valued at about $4.2 billion, with MPC receiving $3.45 billion for refining assets and MPLX receiving $750 million. The sale advances a shift toward Gulf Coast investment and provides proceeds, but also reduces MPC’s refining footprint. Divestiture announcement
• Negative Sentiment: The scale of the earnings surge reflects exceptionally strong refining margins, which may not persist if fuel-supply constraints ease or margins normalize. That creates a risk that future results will fall from this quarter’s unusually high level. Refining margins analysis
• Negative Sentiment: Energy stocks broadly declined, creating pressure on MPC despite its strong results; the stock’s decline was less severe than some competitors’. MarketWatch article

Marathon Petroleum Price Performance

NYSE MPC opened at $428.27 on Wednesday. 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 company has a market cap of $125.03 billion, a PE ratio of 14.72, a PEG ratio of 0.11 and a beta of 0.53. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $493.98. The stock’s 50-day moving average price is $420.48 and its two-hundred day moving average price is $292.28.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, topping analysts’ consensus estimates of $25.37 by $1.56. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm had revenue of $56.03 billion during the quarter, compared to analyst estimates of $46.60 billion. During the same period last year, the company posted $3.01 EPS. The business’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corporation will post 64.12 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced 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. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio is 13.75%.

Insider Transactions at Marathon Petroleum

In other news, SVP Shawn Lyon sold 1,000 shares of the firm’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 transaction of $375,750.00. Following the completion of the sale, the senior vice president owned 11,194 shares of the company’s stock, valued at approximately $4,206,145.50. This trade represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction 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 completion of the sale, the vice president owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is currently owned by corporate insiders.

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.