Marathon Petroleum Corporation $MPC Stock Position Raised by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Marathon Petroleum stake by 5.9% in the third quarter, adding 3,613 shares to hold 64,989 shares valued at about $25.7 million. Institutional investors and hedge funds collectively own 76.77% of the stock.
• Marathon Petroleum reported quarterly earnings of $26.93 per share, beating the $25.37 consensus estimate, while revenue rose 57.6% year over year to $56.03 billion.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $425.12; the company also announced a $1 quarterly dividend, equivalent to a 1.1% yield.

Kestra Advisory Services LLC boosted its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,989 shares of the oil and gas company's stock after purchasing an additional 3,613 shares during the period. Kestra Advisory Services LLC's holdings in Marathon Petroleum were worth $25,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPC. BlackRock Inc. purchased a new position in shares of Marathon Petroleum in the second quarter valued at $6,648,958,000. Bank of New York Mellon Corp purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth about $1,029,611,000. Bank of America Corp DE purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth about $621,832,000. Legal & General Group Plc acquired a new stake in Marathon Petroleum in the 2nd quarter valued at about $380,745,000. Finally, Deutsche Bank AG acquired a new stake in Marathon Petroleum in the 2nd quarter valued at about $280,761,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Erin M. Brzezinski sold 570 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were 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 approximately $571,757.04. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shawn Lyon sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,691 shares of company stock valued at $7,780,127 over the last 90 days. Insiders own 0.17% of the company's stock.

Marathon Petroleum Stock Down 1.3%

MPC opened at $372.48 on Friday. The firm has a market cap of $101.42 billion, a P/E ratio of 12.80, a PEG ratio of 0.10 and a beta of 0.53. The business's fifty day simple moving average is $421.69 and its 200 day simple moving average is $295.35. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $493.98. The company has a quick ratio of 0.89, a current ratio of 1.45 and a debt-to-equity ratio of 1.10.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, beating the consensus estimate of $25.37 by $1.56. The firm had revenue of $56.03 billion during the quarter, compared to the consensus estimate of $46.60 billion. Marathon Petroleum had a net margin of 8.27% and a return on equity of 55.82%. The firm's revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.01 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum's payout ratio is currently 13.75%.

Analyst Ratings Changes

MPC has been the subject of several recent research reports. Raymond James Financial raised 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. Citigroup upped their price target on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a "neutral" rating in a report on Tuesday, October 13th. Mizuho increased their price target on shares of Marathon Petroleum from $304.00 to $457.00 and gave the company a "neutral" rating in a research report on Thursday, October 8th. The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $376.00 to $472.00 and gave the stock a "buy" rating in a research note on Monday, September 21st. Finally, Morgan Stanley lifted their price objective on Marathon Petroleum from $453.00 to $458.00 and gave the stock an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $425.12.

Key Stories Impacting Marathon Petroleum

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

• Positive Sentiment: A Zacks analysis said MPC could benefit from refinery outages, tight fuel inventories and cheaper heavy crude, which may support refining margins and further upside for the shares. Article: 3 Refining Stocks That Have Doubled in 2026: What's Next?
• Positive Sentiment: Piper Sandler raised its price target from $462 to $466 and maintained an Overweight rating, signaling continued analyst confidence. Piper Sandler stock recommendations
• Neutral Sentiment: MPC’s $4.2 billion sale of its St. Paul Park and Mandan refineries and related marketing business is intended to fund a greater Gulf Coast focus, including investments to increase diesel output, crude throughput and premium gasoline exports. The shift could improve returns, though it also means selling operating assets. Article: Can MPC's Gulf Coast Focus Fuel Stronger Future Refining Returns?
• Negative Sentiment: MarketWatch reported that MPC shares underperformed competitors Friday, pointing to relative weakness, although the report’s headline did not specify a cause. Article: Marathon Petroleum Corp. stock underperforms Friday when compared to competitors
• Negative Sentiment: ETFs were net sellers of MPC on Wednesday, selling about $20.1 million in shares despite more funds buying than selling. Article: ETFs Are Net Sellers of Marathon Petroleum (MPC) on Wednesday

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.

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