Asset One Wealth Management LLC Takes Position in Marathon Petroleum Corporation $MPC

Key Points

• Asset One Wealth Management disclosed a new fourth-quarter stake in Marathon Petroleum, buying 17,276 shares valued at about $3.06 million.
• Marathon Petroleum continues to draw bullish attention: Zacks added it to its Rank #1 (Strong Buy) growth list, and Wells Fargo reaffirmed its Buy rating. Several other analysts also raised price targets, with a consensus rating of Moderate Buy.
• The company recently posted better-than-expected earnings, reporting $1.65 per share on revenue of $34.2 billion, while also paying a quarterly dividend of $1.00 per share for a 1.6% yield.

Asset One Wealth Management LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,276 shares of the oil and gas company's stock, valued at approximately $3,056,000.

A number of other hedge funds have also recently modified their holdings of MPC. Brighton Jones LLC grew its position in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after acquiring an additional 1,178 shares during the period. Woodline Partners LP grew its position in shares of Marathon Petroleum by 38.3% during the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company's stock valued at $3,889,000 after acquiring an additional 7,396 shares during the period. Sivia Capital Partners LLC grew its position in shares of Marathon Petroleum by 26.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company's stock valued at $369,000 after acquiring an additional 466 shares during the period. Marshall Wace LLP bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $8,505,000. Finally, AXA S.A. boosted its holdings in Marathon Petroleum by 46.7% in the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company's stock worth $6,590,000 after buying an additional 12,639 shares during the period. Institutional investors own 76.77% of the company's stock.

Key Stories Impacting Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing a bullish growth outlook for the refining company. Best Growth Stocks to Buy for June 16th
• Positive Sentiment: Wells Fargo reaffirmed its Buy rating on Marathon Petroleum, which can help support investor confidence in the stock. Wells Fargo Reaffirms Their Buy Rating on Marathon Petroleum (MPC)
• Positive Sentiment: One recent analysis said MPC may still be undervalued despite its strong multi-month performance, suggesting upside remains if fundamentals hold up. Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
• Neutral Sentiment: Marathon Petroleum announced it will report second-quarter 2026 financial results on August 4, giving investors a future catalyst but no immediate operational surprise. Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 4, 2026
• Neutral Sentiment: Recent coverage comparing MPC with Delek and reviewing its move alongside the energy sector did not include a company-specific catalyst, but it reflects ongoing investor focus on refining peers and sector trends. Delek vs. Marathon Petroleum: Which Stock Offers Better Refining Bet?
• Negative Sentiment: The stock has recently pulled back more than the broader market, which appears to be weighing on near-term trading despite the longer-term bullish backdrop. Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Coverage noted that MPC is facing a new oil-market backdrop as the Strait of Hormuz reopens, which could reduce the urgency of the geopolitical supply concerns that had supported energy names. Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

Marathon Petroleum Stock Down 2.3%

Shares of MPC stock opened at $244.63 on Thursday. The stock has a market cap of $71.42 billion, a P/E ratio of 15.97, a PEG ratio of 0.38 and a beta of 0.52. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $272.46. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The company's fifty day simple moving average is $244.99 and its two-hundred day simple moving average is $213.77.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to analysts' expectations of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. Analysts predict that Marathon Petroleum Corporation will post 31.95 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum's payout ratio is presently 26.11%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MPC. Bank of America upped their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Raymond James Financial upped their target price on shares of Marathon Petroleum from $285.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, June 10th. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $264.00 to $291.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. TD Cowen upped their target price on shares of Marathon Petroleum to $320.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group upped their target price on shares of Marathon Petroleum from $279.00 to $296.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $272.94.

Insider Activity

In other news, VP Michael A. Henschen II sold 6,336 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company's stock.

Marathon Petroleum Company 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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