Foster Victor Wealth Advisors LLC Buys 9,613 Shares of Marathon Petroleum Corporation $MPC

Key Points

• Foster Victor Wealth Advisors increased its Marathon Petroleum stake by 326.8% in the third quarter, purchasing 9,613 additional shares and bringing its holdings to 12,555 shares valued at approximately $4.96 million. Institutional investors collectively own 76.77% of MPC.
• Analysts maintain a generally bullish view, with a consensus “Moderate Buy” rating and an average price target of $417.88. Recent targets range from $375 to $510, while MPC shares opened at $469.02 and remain near their 52-week high.
• Marathon Petroleum reported quarterly earnings of $17.73 per share, well above the $14.27 consensus estimate, alongside 53.5% year-over-year revenue growth. The company also pays a $1.00 quarterly dividend, equivalent to a 0.9% annual yield.

Foster Victor Wealth Advisors LLC boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 326.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,555 shares of the oil and gas company's stock after purchasing an additional 9,613 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Marathon Petroleum were worth $4,964,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Magnus Financial Group LLC grew its stake in shares of Marathon Petroleum by 24.2% in the third quarter. Magnus Financial Group LLC now owns 1,609 shares of the oil and gas company's stock valued at $636,000 after buying an additional 313 shares in the last quarter. Sawyer & Company Inc bought a new stake in Marathon Petroleum during the third quarter worth $79,000. Atticus Wealth Management LLC grew its position in shares of Marathon Petroleum by 3.0% in the 3rd quarter. Atticus Wealth Management LLC now owns 2,232 shares of the oil and gas company's stock valued at $883,000 after acquiring an additional 66 shares during the period. Range Financial Group LLC grew its holdings in Marathon Petroleum by 689.0% during the third quarter. Range Financial Group LLC now owns 15,686 shares of the oil and gas company's stock worth $6,202,000 after purchasing an additional 13,698 shares during the period. Finally, Cushing Capital Partners LLC bought a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $204,000. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on MPC shares. TD Cowen raised their target price on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Bank of America increased their target price on Marathon Petroleum from $410.00 to $426.00 and gave the stock a "neutral" rating in a report on Friday, October 2nd. UBS Group set a $510.00 price target on Marathon Petroleum in a research report on Friday, October 9th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $376.00 to $472.00 and gave the stock a "buy" rating in a research report on Monday, September 21st. Finally, Zacks Research raised Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $417.88.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $469.02 on Thursday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $493.98. The stock has a market capitalization of $136.92 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.14 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The company's 50 day simple moving average is $405.97 and its 200 day simple moving average is $314.27.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion during the quarter, compared to analysts' expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The company's quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.96 earnings per share. As a group, research analysts predict that Marathon Petroleum Corporation will post 64.00 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. Stockholders of record on Wednesday, August 19th were paid a $1.00 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. Marathon Petroleum's dividend payout ratio (DPR) is presently 13.75%.

Insider Transactions at Marathon Petroleum

In other news, 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 owned 12,619 shares of the company's stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Molly Benson sold 17,196 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider owned 30,334 shares of the company's stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 21,691 shares of company stock valued at $7,780,127. Corporate insiders own 0.17% of the company's stock.

Key Stories Impacting Marathon Petroleum

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

• Positive Sentiment: Strong refining margins support earnings: Higher fuel margins are improving profitability across U.S. refiners, including MPC. The favorable industry backdrop could sustain cash flow and shareholder returns if margins remain elevated. U.S. Refiners Benefit From Strong Margins: Will Momentum Last?
• Positive Sentiment: Positive long-term performance and momentum: MPC has substantially outperformed the broader market and major technology stocks in 2026, attracting investor attention and reinforcing the bullish momentum case. An Oil Refiner Is Beating Nvidia This Year
• Neutral Sentiment: Supplier recognition highlights operational relationships: Cognite was named MPC’s Corporate Supplier of the Year, recognizing its contribution to the company’s business. The award is positive for the relationship but is unlikely to materially affect MPC’s earnings or valuation. Cognite Earns Corporate Supplier of the Year Award from Marathon Petroleum Corporation
• Negative Sentiment: Profit-taking and valuation concerns: After establishing a new one-year high and advancing sharply, MPC faces a higher risk of profit-taking. Analysts have also questioned the stock’s limited margin of safety and whether profitability has reached a ceiling. Marathon Petroleum: Good Momentum Stocks, But Little Margin Of Safety
• Negative Sentiment: Middle East risks could pressure margins: Higher crude prices linked to regional tensions may benefit upstream producers but can raise refiners’ input costs. Investors are weighing whether the conflict-driven boost to energy prices and refining economics can last. Marathon Petroleum Profitability Seems To Have A Ceiling With The Mature Conflict In The Middle East

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum's refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

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