Comerica Bank Cuts Holdings in Marathon Petroleum Corporation $MPC

Comerica Bank cut its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,912 shares of the oil and gas company's stock after selling 4,655 shares during the quarter. Comerica Bank's holdings in Marathon Petroleum were worth $11,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in Marathon Petroleum during the third quarter worth about $39,000. IAG Wealth Partners LLC purchased a new position in Marathon Petroleum during the third quarter worth about $39,000. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the second quarter worth about $33,000. Rialto Wealth Management LLC boosted its holdings in Marathon Petroleum by 721.4% during the fourth quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 202 shares during the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in Marathon Petroleum during the fourth quarter worth about $38,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MPC shares. Weiss Ratings cut shares of Marathon Petroleum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. Morgan Stanley boosted their price target on shares of Marathon Petroleum from $200.00 to $233.00 and gave the stock an "overweight" rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Marathon Petroleum from $230.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. Finally, Barclays boosted their target price on shares of Marathon Petroleum from $194.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.81.

Marathon Petroleum Stock Up 2.4%

MPC opened at $232.75 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.34 and a beta of 0.58. Marathon Petroleum Corporation has a twelve month low of $133.00 and a twelve month high of $255.77. The company's 50-day moving average price is $224.12 and its two-hundred day moving average price is $198.71.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion for the quarter, compared to analysts' expectations of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. As a group, equities analysts expect that Marathon Petroleum Corporation will post 25.79 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, February 18th. Marathon Petroleum's dividend payout ratio is presently 29.96%.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS forecasts for MPC (noting a bounce in estimates to roughly $19.90 for FY2026 and $23.05 for FY2027) and keeps a "Sector Outperform" view with a $210 price target — a clear catalyst supporting the rally because higher analyst earnings expectations and positive coverage can lift investor sentiment. Scotiabank estimate upgrade (MarketBeat)
• Positive Sentiment: Zacks added MPC to its Rank #1 (Strong Buy) momentum list and a separate Zacks piece flags MPC as having the ingredients for an earnings beat in the upcoming report — both items tend to draw buy-side interest and can trigger short-term inflows. Best Momentum Stocks to Buy for April 28th (Zacks)
• Positive Sentiment: Zacks' earnings-preview notes MPC has the factors that typically lead to an upside surprise (analyst revisions and favorable sentiment), reinforcing the buy-side momentum ahead of results. Earnings expected to grow (Zacks)
• Neutral Sentiment: Analyst/ broker commentary is mixed on interpretability — Zacks published a piece urging caution about relying on the average brokerage recommendation (ABR), which can be overly optimistic; this reminds investors to weigh fundamentals and valuations rather than follow consensus blindly. Wall Street bullish views questioned (Zacks)
• Neutral Sentiment: Coverage spikes — several "most-watched" and Yahoo/Zacks roundup pieces note elevated attention in MPC, which can amplify moves but doesn’t guarantee direction; increased visibility often raises volatility around events like earnings. Most-watched coverage (Zacks)

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the sale, the insider directly owned 7,525 shares in the company, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 4,473 shares of company stock worth $1,015,428. Corporate insiders own 0.17% of the company's stock.

About Marathon Petroleum

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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