Corient Private Wealth LP Increases Holdings in Marathon Petroleum Corporation $MPC

Key Points

• Corient Private Wealth increased its Marathon Petroleum stake by 8% in the second quarter, bringing its holdings to 134,037 shares valued at approximately $34.3 million. Institutional investors collectively own 76.77% of MPC.
• Marathon Petroleum reported strong quarterly results, with earnings of $17.73 per share surpassing the $14.27 consensus estimate and revenue rising 53.5% year over year to $51.99 billion. The company also returned $2.8 billion to shareholders and declared a $1 quarterly dividend.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $330.50, although MPC trades near its 52-week high and recent insider selling and elevated valuation present potential risks.

Corient Private Wealth LP grew its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,037 shares of the oil and gas company's stock after buying an additional 9,919 shares during the quarter. Corient Private Wealth LP's holdings in Marathon Petroleum were worth $34,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Energy Income Partners LLC purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth $4,912,000. Evolve Private Wealth LLC purchased a new position in Marathon Petroleum during the second quarter valued at $673,000. Railway Pension Investments Ltd purchased a new position in Marathon Petroleum during the second quarter valued at $3,886,000. Pictet Asset Management Holding SA grew its holdings in Marathon Petroleum by 31.0% during the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company's stock valued at $52,146,000 after purchasing an additional 50,521 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Marathon Petroleum by 570.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company's stock valued at $41,180,000 after purchasing an additional 143,500 shares during the period. Institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

MPC has been the topic of several recent research reports. Evercore set a $330.00 price objective on Marathon Petroleum in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $359.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. Bank of America increased their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Mizuho raised their target price on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler lifted their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $330.50.

Marathon Petroleum News Summary

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

• Positive Sentiment: Marathon Petroleum’s strong second-quarter results continue to support the stock. The company reported $5.1 billion in attributable net income, or $17.73 per diluted share, versus the $14.27 analyst consensus, along with $8.5 billion in adjusted EBITDA. It also returned $2.8 billion to shareholders, reinforcing its cash-generation and capital-return story. Marathon Petroleum gains as stronger refining backdrop and analyst optimism lift shares
• Positive Sentiment: A recent analyst upgrade to the price target reflects expectations that refining-margin normalization may be slower than previously anticipated. Brokerage commentary and articles describing MPC as a value or potentially attractive long-term investment may also be supporting sentiment. Marathon Petroleum is considered a good investment by brokers
• Positive Sentiment: Recent institutional activity remains substantial, with major investors including JPMorgan, BlackRock and Sixth Street Partners adding MPC shares during the second quarter. Government contract payments, including naval distillate awards, provide a modest additional demand-related positive.
• Neutral Sentiment: Institutional positioning is mixed: 850 investors added shares while 892 reduced positions. This suggests continued interest in MPC but also significant profit-taking after its strong run.
• Negative Sentiment: Insiders have reported 11 open-market sales and no purchases over the past six months. Members of Congress also reported sales, which may raise caution about valuation, although these transactions are not necessarily indicative of operating fundamentals.
• Negative Sentiment: The stock’s recent closing decline and its elevated valuation relative to many published targets could limit upside. Quiver Quantitative lists a six-month median analyst target of $270, well below the current trading range, highlighting the risk that refining margins or energy prices normalize.

Marathon Petroleum Price Performance

NYSE:MPC opened at $396.23 on Monday. The business's 50-day simple moving average is $335.61 and its two-hundred day simple moving average is $273.95. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $409.11. The stock has a market cap of $115.67 billion, a PE ratio of 13.62, a P/E/G ratio of 0.15 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the prior year, the company posted $3.96 earnings per share. The business's quarterly revenue was up 53.5% compared to the same quarter last year. As a group, analysts forecast that Marathon Petroleum Corporation will post 48.44 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum's dividend payout ratio is presently 13.75%.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Molly Benson sold 17,196 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider directly owned 30,334 shares of the company's stock, valued at $10,876,862.38. This trade represents a 36.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Shawn Lyon sold 2,500 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,691 shares of company stock worth $7,780,127 in the last three months. 0.17% of the stock is owned by company insiders.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.

Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers.

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