Marathon Petroleum Corporation $MPC Stake Increased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Institutional ownership increased: Sumitomo Mitsui Trust Group raised its Marathon Petroleum stake by 2.9% to 650,809 shares, while institutional investors and hedge funds collectively own 76.77% of the company.
• Strong operating performance: Marathon Petroleum reported quarterly EPS of $17.73, exceeding estimates by $3.46, on revenue of $51.99 billion, up 53.5% year over year.
• Positive sentiment with valuation risks: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $424.31, but insider selling and concerns about refining margins could weigh on the stock after its sharp rally.

Sumitomo Mitsui Trust Group Inc. raised its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 650,809 shares of the oil and gas company's stock after buying an additional 18,271 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Marathon Petroleum worth $257,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MPC. BlackRock Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter valued at about $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum during the second quarter worth about $1,029,611,000. Bank of America Corp DE increased its position in Marathon Petroleum by 1.6% during the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company's stock worth $633,668,000 after purchasing an additional 40,124 shares during the last quarter. Amundi raised its stake in Marathon Petroleum by 17.5% during the second quarter. Amundi now owns 2,237,930 shares of the oil and gas company's stock worth $572,172,000 after purchasing an additional 332,551 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Marathon Petroleum by 16.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company's stock worth $385,675,000 after purchasing an additional 215,686 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 2.9%

Shares of NYSE:MPC opened at $444.92 on Friday. The business has a 50-day moving average price of $417.80 and a 200 day moving average price of $289.77. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $129.89 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.12 and a beta of 0.54. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $493.98.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. Marathon Petroleum's revenue was up 53.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.96 EPS. Sell-side analysts expect that Marathon Petroleum Corporation will post 64.12 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum's payout ratio is 13.75%.

More Marathon Petroleum News

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

• Positive Sentiment: Dividend raised 10%: Marathon Petroleum increased its quarterly dividend from $1.00 to $1.10 per share, payable December 10 to shareholders of record November 18. The increase signals confidence in cash generation and strengthens the stock’s shareholder-return appeal. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: Positive pre-earnings expectations: Analysts and financial commentary describe MPC as a potentially attractive value and momentum stock ahead of its November 3 results. Investors are watching whether refining profitability, revenue and other operating metrics can exceed elevated expectations. This Is Why MPC Stock Is a Smart Buy Before Q3 Earnings Release
• Positive Sentiment: Strong momentum and valuation support: Zacks identifies MPC as a strong momentum stock, while other coverage highlights its growth potential and comparatively attractive PEG-based valuation. These signals may be encouraging additional buying interest. Here's Why Marathon Petroleum Is a Strong Momentum Stock
• Neutral Sentiment: Board appointment: David E. Constable will join MPC’s board effective March 1, 2027. The appointment could add strategic or governance expertise, but its near-term earnings impact is unclear. David Constable to Join Marathon Petroleum Board
• Negative Sentiment: Profit-taking and earnings risks: ETFs were net sellers of MPC, while commentary warns that pressured refining margins and gasoline markets could disappoint after the stock’s substantial rally. Even a quarterly earnings beat may trigger selling if results or guidance fail to exceed high expectations. Marathon Petroleum’s November 3 Earnings Red Flags

Insider Activity

In other news, insider Molly Benson sold 17,196 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shawn Lyon sold 1,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares of the company's stock, valued at $4,206,145.50. The trade was a 8.20% decrease in their position. 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. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MPC shares. Raymond James Financial boosted their target price on shares of Marathon Petroleum from $350.00 to $445.00 and gave the company an "outperform" rating in a report on Monday, September 14th. Morgan Stanley increased their price target on shares of Marathon Petroleum from $265.00 to $453.00 and gave the company an "overweight" rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of Marathon Petroleum from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. Bank of America lifted their price target on shares of Marathon Petroleum from $410.00 to $426.00 and gave the company a "neutral" rating in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group upped their price objective on Marathon Petroleum from $376.00 to $472.00 and gave the company a "buy" rating in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $424.31.

Marathon Petroleum Profile

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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