Fifth Third Bancorp Has $86.23 Million Stake in Marathon Petroleum Corporation $MPC

Key Points

• Fifth Third Bancorp trimmed its Marathon Petroleum stake to 530,228 shares (about 0.18% ownership) after selling 5,796 shares, leaving a position valued at roughly $86.23 million.
• Analysts lifted targets—notably UBS to $280, Morgan Stanley to $233, Raymond James to $270 and Goldman to $264—resulting in an average target of $241.81 and a consensus rating of "Moderate Buy."
• Returns and results: Marathon announced a $1.00 quarterly dividend (ex-div May 20, payable Jun 10; annualized $4.00, ~1.6% yield) and posted Q1 EPS of $4.07, beating estimates of $3.73.

Fifth Third Bancorp reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,228 shares of the oil and gas company's stock after selling 5,796 shares during the quarter. Fifth Third Bancorp owned 0.18% of Marathon Petroleum worth $86,231,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MPC shares. UBS Group increased their price target on Marathon Petroleum from $221.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $200.00 to $233.00 and gave the company an "overweight" rating in a report on Friday, April 24th. Raymond James Financial increased their price objective on shares of Marathon Petroleum from $210.00 to $270.00 and gave the company an "outperform" rating in a research report on Wednesday, March 25th. The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $239.00 to $264.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a research note on Sunday, April 19th. One investment 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $241.81.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the 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 transaction, the insider owned 7,525 shares in the company, valued at $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 4,473 shares of company stock valued at $1,015,428. Insiders own 0.17% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $248.80 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The firm has a market cap of $73.27 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 0.36 and a beta of 0.58. The stock's fifty day moving average price is $226.00 and its two-hundred day moving average price is $199.36. Marathon Petroleum Corporation has a one year low of $136.80 and a one year high of $255.77.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company's revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Corporation will post 26.3 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Marathon Petroleum's payout ratio is currently 29.96%.

More Marathon Petroleum News

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

• Positive Sentiment: Board declared a $1.00 quarterly dividend (payable June 10; ex-div May 20), underscoring strong cash return policy that supports buyer interest in MPC. Marathon Petroleum Corp. Announces Quarterly Dividend
• Positive Sentiment: U.S. EIA inventory data showed sizable gasoline and distillate draws and lower crude stocks last week; tighter fuel supplies and rising spot fuel prices typically widen crack spreads and improve refiners’ near-term profitability. Marathon Petroleum jumps 5% as big gasoline draw tightens supplies
• Positive Sentiment: Analysts and market commentary expect Q1 results to reflect recent tailwinds (strong refining margins, robust cash returns); the upcoming May 5 earnings release is a near-term catalyst that may validate guidance and capital-return plans. Marathon Petroleum: Earnings Next Week To Reflect Recent Tailwinds
• Neutral Sentiment: Coverage and headlines note the stock’s recent outperformance and trending status — supportive for flows but not new fundamental news. Marathon Petroleum (MPC) Outperforms Broader Market
• Neutral Sentiment: Wall Street estimates and metric deep-dives for Q1 are being circulated (Zacks piece), keeping attention on refining margins, throughput and inventories but not yet changing consensus. Curious about Marathon Petroleum (MPC) Q1 Performance?
• Negative Sentiment: Insider and some institutional selling has been reported recently (multiple insider sales and large portfolio adjustments), a signal some investors watch as a caution on positioning. Is Marathon Petroleum (MPC) Pricing Reflect Recent Share Surge
• Negative Sentiment: Broader macro risk: central-bank rate scenarios tied to an energy shock (Bank of England modelling) underscore the geopolitical/energy-price tail risk that could raise rates and increase market volatility. That risk can be a headwind for equities even if higher oil sometimes helps energy-sector revenues. Bank of England sounds warning of interest rate hikes ahead

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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