Alyeska Investment Group L.P. purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,391 shares of the oil and gas company's stock, valued at approximately $5,980,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Marathon Petroleum by 3.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock worth $329,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. increased its stake in shares of Marathon Petroleum by 1.6% in the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock valued at $644,000 after buying an additional 42 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of Marathon Petroleum by 0.4% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock valued at $2,411,000 after buying an additional 42 shares in the last quarter. Wellington Grp LLC raised its holdings in shares of Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock valued at $126,000 after buying an additional 45 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Marathon Petroleum by 2.2% during the 2nd quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company's stock worth $539,000 after buying an additional 46 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have weighed in on MPC. Evercore set a $330.00 price objective on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Bank of America boosted their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Zacks Research downgraded Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 17th. Barclays increased their price objective on Marathon Petroleum from $289.00 to $321.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their target price on Marathon Petroleum from $359.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $315.06.
View Our Latest Analysis on MPC
Insider Activity at Marathon Petroleum
In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum 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 directly owned 30,334 shares in the company, valued at $10,876,862.38. This represents a 36.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,027 shares of company stock valued at $9,483,370 in the last quarter. 0.17% of the stock is currently owned by company insiders.
Trending Headlines about Marathon Petroleum
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Geopolitical tensions are boosting the energy complex. Reports of U.S.-Iran attacks near the Strait of Hormuz pushed oil prices higher, lifting energy stocks and potentially supporting refinery margins. A separate market outlook also points to a global fuel squeeze that could create another period of elevated refining profitability. Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher Goldman Sachs Sees Major Shift Coming for Oil Markets
- Positive Sentiment: Recent operating results remain a key support. Marathon Petroleum’s latest reported quarter significantly exceeded analyst expectations, with EPS of $17.73 versus a $14.27 estimate and revenue growth of 53.5% year over year. Its low payout ratio and recently announced $1.00 quarterly dividend also provide shareholder support.
- Neutral Sentiment: Analyst sentiment is favorable, but targets appear conservative. MPC has a “Moderate Buy” consensus rating, while the reported average price target of $312.50 is below the current trading range. Institutional ownership remains high at approximately 76.8%, with several investors recently building positions.
- Negative Sentiment: Multiple insiders have sold shares. Senior Vice President Shawn M. Lyon sold 1,425 shares in two transactions for roughly $532,000, while Vice President and Controller Erin M. Brzezinski sold 570 shares for about $207,000. The sales reduced their respective holdings by 8.2% and 26.6%. Although these transactions may reflect personal financial decisions, the cluster of selling near record levels could temper investor enthusiasm. MPC insider transaction filing
Marathon Petroleum Stock Up 2.3%
Shares of Marathon Petroleum stock opened at $382.08 on Wednesday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $383.01. The business has a 50-day moving average of $314.07 and a two-hundred day moving average of $263.02. The company has a market capitalization of $111.54 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.
Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating 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%.Marathon Petroleum's revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.96 EPS. As a group, equities analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current year.
Marathon Petroleum Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum's payout ratio is currently 13.75%.
About Marathon Petroleum
(
Free Report)
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.
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