Assenagon Asset Management S.A. Sells 53,607 Shares of Marathon Petroleum Corporation $MPC

Key Points

• Assenagon Asset Management cut its Marathon Petroleum stake by 44.2%, selling 53,607 shares and retaining 67,593 shares valued at approximately $17.3 million. Institutional investors collectively own 76.77% of MPC.
• Marathon Petroleum delivered a strong second quarter, reporting $17.73 in earnings per share—well above estimates—and revenue of $51.99 billion, up 53.5% year over year, driven by stronger refining performance.
• Wall Street maintains a favorable outlook, with a consensus “Moderate Buy” rating and a $311.25 price target. MPC also declared a quarterly dividend of $1.00 per share, equivalent to a 1.3% annual yield.

Assenagon Asset Management S.A. lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 44.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,593 shares of the oil and gas company's stock after selling 53,607 shares during the period. Assenagon Asset Management S.A.'s holdings in Marathon Petroleum were worth $17,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Marathon Petroleum by 3.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock valued at $329,000 after buying an additional 40 shares during the period. Equitable Trust Co. raised its holdings 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 worth $644,000 after buying an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Marathon Petroleum by 0.4% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock worth $2,411,000 after acquiring an additional 42 shares during the last quarter. Wellington Grp LLC boosted its holdings in Marathon Petroleum by 9.6% during the 1st quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock valued at $126,000 after acquiring an additional 45 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings 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 valued at $539,000 after acquiring an additional 46 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MPC shares. Evercore set a $330.00 target price on Marathon Petroleum in a research note on Wednesday, August 5th. Jefferies Financial Group set a $335.00 target price on shares of Marathon Petroleum and gave the company a "buy" rating in a research note on Sunday, July 12th. Zacks Research downgraded shares of Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 17th. Scotiabank raised their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler boosted their price objective on shares of Marathon Petroleum from $343.00 to $344.00 and gave the company an "overweight" rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $311.25.

Marathon Petroleum News Summary

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

• Positive Sentiment: Large earnings beat: MPC reported second-quarter 2026 earnings of $17.73 per share, exceeding the $14.52 consensus estimate by 22.1% and rising 347.7% from $3.96 a year earlier. The improvement was driven primarily by stronger Refining & Marketing performance. Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins
• Positive Sentiment: Refining and midstream momentum: Coverage points to stronger refining economics, disciplined operations and rising midstream cash flow as fundamental support for MPC’s recent rally. The company expects third-quarter crude throughput of 2.820 million barrels per day and total refinery throughput of 3.005 million barrels per day. MPC Jumps 18.1% in 3 Months as Refining Strength Builds Momentum
• Positive Sentiment: Growth-oriented investment case: Analysts highlight above-average financial growth and expect MPC to post approximately $46.66 in earnings per share for the current fiscal year, supporting the view that the company may outperform the broader market. 3 Reasons Growth Investors Will Love Marathon Petroleum
• Neutral Sentiment: Wall Street sentiment is favorable, but not conclusive: MPC’s average brokerage recommendation supports adding the stock to a portfolio, although the article cautions that sell-side recommendations can be overly optimistic and should not be used alone. Should You Invest in Marathon Petroleum Based on Bullish Wall Street Views?
• Neutral Sentiment: Separate coverage compares MPC with PBF Energy and the broader oil-and-energy sector, but provides limited new company-specific information. The ETF article concerns JEPQ rather than MPC and is not a direct stock catalyst.

Insider Transactions at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares of the company's stock, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $318.79 on Tuesday. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $326.92. 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 $280.59 and a two-hundred day simple moving average of $243.30. The stock has a market capitalization of $93.07 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.19 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the firm posted $3.96 earnings per share. The business's revenue for the quarter was up 53.5% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Marathon Petroleum's dividend payout ratio (DPR) is currently 13.75%.

Marathon Petroleum Profile

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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