Free Trial

Marathon Petroleum Corporation (NYSE:MPC) is Greatmark Investment Partners Inc.'s 9th Largest Position

Marathon Petroleum logo with Energy background

Greatmark Investment Partners Inc. increased its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 163,783 shares of the oil and gas company's stock after buying an additional 2,612 shares during the quarter. Marathon Petroleum comprises approximately 3.3% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 9th biggest position. Greatmark Investment Partners Inc. owned about 0.05% of Marathon Petroleum worth $23,862,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Marathon Petroleum by 30.9% in 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 last quarter. GHE LLC grew its holdings in shares of Marathon Petroleum by 1.8% in the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after acquiring an additional 665 shares during the period. Proficio Capital Partners LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at $234,000. Independent Advisor Alliance boosted its position in Marathon Petroleum by 28.9% in the fourth quarter. Independent Advisor Alliance now owns 9,252 shares of the oil and gas company's stock worth $1,291,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Marathon Petroleum by 7.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,554 shares of the oil and gas company's stock valued at $2,309,000 after purchasing an additional 1,193 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $2.45 during trading on Friday, reaching $179.81. 4,388,192 shares of the stock traded hands, compared to its average volume of 2,719,877. The business has a fifty day simple moving average of $163.74 and a two-hundred day simple moving average of $150.00. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a market capitalization of $55.24 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.53 and a beta of 0.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. Sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is currently 51.20%.

Insider Activity

In related news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on MPC. Evercore ISI started coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 target price for the company. Wells Fargo & Company upped their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen lifted their target price on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley lowered their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $184.38.

Get Our Latest Stock Report on MPC

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

Further Reading

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Should You Invest $1,000 in Marathon Petroleum Right Now?

Before you consider Marathon Petroleum, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marathon Petroleum wasn't on the list.

While Marathon Petroleum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines