Marathon Petroleum Corporation $MPC Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Marathon Petroleum stake by 94.6% in the second quarter, selling 34,315 shares and retaining 1,941 shares valued at approximately $496,000.
• Institutional investors own 76.77% of MPC, while insiders sold 21,691 shares worth about $7.8 million over the past three months, including sizable sales by an insider and a vice president.
• Marathon Petroleum reported strong quarterly results, with earnings of $17.73 per share and revenue of $51.99 billion, while analysts maintain a “Moderate Buy” consensus and a $360 average price target.

Engineers Gate Manager LP lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 94.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,941 shares of the oil and gas company's stock after selling 34,315 shares during the period. Engineers Gate Manager LP's holdings in Marathon Petroleum were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPC. MassMutual Private Wealth & Trust FSB grew its position in shares of Marathon Petroleum by 3.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock valued at $329,000 after purchasing an additional 40 shares during the last quarter. Equitable Trust Co. boosted its stake in Marathon Petroleum by 1.6% in the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock valued at $644,000 after purchasing an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in Marathon Petroleum by 0.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock valued at $2,411,000 after purchasing an additional 42 shares during the period. High Net Worth Advisory Group LLC grew its holdings in Marathon Petroleum by 2.6% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company's stock valued at $418,000 after buying an additional 42 shares in the last quarter. Finally, Wellington Grp LLC increased its position in Marathon Petroleum by 9.6% during the 1st quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock worth $126,000 after buying an additional 45 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of the business's stock in a transaction 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 sale, the insider owned 30,334 shares of the company's stock, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president owned 1,576 shares of the company's stock, valued at $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by insiders.

Marathon Petroleum News Summary

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

• Positive Sentiment: Robust refining margins remain the primary bullish factor for MPC. High diesel prices have supported refinery profitability, although investors are weighing whether those conditions can persist. Bloom Energy vs. Marathon Petroleum: Which Popular Energy Stock Is the Better Buy?
• Positive Sentiment: An analyst upgrade recently helped Marathon Petroleum reach a new 12-month high, reinforcing the market’s favorable view of its earnings and refining outlook. Marathon Petroleum Reaches New 12-Month High Following Analyst Upgrade
• Neutral Sentiment: Marathon’s corporate headquarters received an ENERGY STAR certification, highlighting improved energy efficiency. The recognition may support the company’s sustainability profile but is unlikely to materially affect near-term earnings. Energy Star Certification Highlights Energy Efficiency of Marathon Petroleum's Corporate Headquarters
• Neutral Sentiment: Heightened investor searches and comparisons with Bloom Energy indicate strong market interest in MPC, but these reports provide limited new fundamental information. Investors Heavily Search Marathon Petroleum Corporation
• Negative Sentiment: Jefferies downgraded Marathon Petroleum from Buy to Hold, suggesting the recent rally may have reduced additional upside and making the stock more vulnerable to profit-taking. Jefferies Downgrades Marathon Petroleum to Hold
• Negative Sentiment: The White House is considering a diesel-export ban. Such a policy could leave refiners with excess domestic supply, weaken margins, and reduce the benefit of record diesel prices. Concerns about demand destruction are already weighing on refining stocks. Why Marathon Petroleum Stock Slipped Today

Marathon Petroleum Trading Down 0.3%

Shares of MPC opened at $388.64 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $431.08. The firm has a market cap of $113.46 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.12 and a beta of 0.53. The business's fifty day moving average is $354.91 and its 200-day moving average is $285.19.

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, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the firm posted $3.96 earnings per share. Marathon Petroleum's revenue was up 53.5% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 59.15 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 13.75%.

Analysts Set New Price Targets

MPC has been the subject of a number of research reports. Citigroup lifted their target price on Marathon Petroleum from $303.00 to $318.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Mizuho raised their price target on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. TD Cowen boosted their price objective on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Raymond James Financial increased their target price on shares of Marathon Petroleum from $350.00 to $445.00 and gave the stock an "outperform" rating in a research report on Monday, September 14th. Finally, Zacks Research raised shares of Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus target price of $360.00.

Marathon Petroleum Profile

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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