M&T Bank Corp Increases Position in Marathon Petroleum Corporation $MPC

Key Points

• M&T Bank Corp raised its stake in Marathon Petroleum by 27.4% to 33,676 shares (about $5.48M), and institutional investors now own roughly 76.77% of the stock.
• Marathon posted a strong Q1, beating estimates with adjusted EPS of $1.65 (vs. $0.74) and $34.2B in revenue as refining margins widened; the company returned $1.0B in the quarter and authorized an incremental $5.0B buyback, while analysts have lifted targets leading to a consensus Moderate Buy (avg. target $254.19).

M&T Bank Corp raised its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 27.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,676 shares of the oil and gas company's stock after acquiring an additional 7,234 shares during the quarter. M&T Bank Corp's holdings in Marathon Petroleum were worth $5,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Associated Banc Corp increased its holdings in Marathon Petroleum by 2.1% during the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company's stock valued at $477,000 after acquiring an additional 52 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Marathon Petroleum by 0.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company's stock valued at $1,673,000 after acquiring an additional 57 shares in the last quarter. Legacy Bridge LLC increased its holdings in Marathon Petroleum by 12.5% during the 4th quarter. Legacy Bridge LLC now owns 523 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 58 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Marathon Petroleum by 2.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company's stock valued at $456,000 after acquiring an additional 59 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in Marathon Petroleum by 1.8% during the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company's stock valued at $643,000 after acquiring an additional 60 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

More Marathon Petroleum News

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

• Positive Sentiment: Q1 beat and margin tailwind — MPC reported adjusted EPS of $1.65 and revenue of $34.2B, beating estimates as refining margins widened amid tighter global supply. This operational strength is the core driver behind the recent upside in the shares. Marathon Petroleum first-quarter profit beats estimates
• Positive Sentiment: Big capital returns — MPC announced $1.0B of capital returned in the quarter and an incremental $5.0B share repurchase authorization, reinforcing a shareholder-return focus that supports valuation upside. Marathon Petroleum Corp. Reports First-Quarter 2026 Results
• Positive Sentiment: Analyst upgrades — Wells Fargo raised its price target to $335 (overweight) and TD Cowen to $320 (buy), signaling institutional conviction that MPC has meaningful upside from current levels. Benzinga
• Neutral Sentiment: Operational outlook and growth plans — Management outlined ~94% Q2 utilization, ongoing refinery projects (Garyville online, FCC upgrade, Robinson jet project) and an MPLX growth plan targeting ~12.5% distribution growth that should support longer-term cash flow. Marathon Petroleum outlines 94% Q2 utilization
• Neutral Sentiment: Earnings call commentary — Management emphasized cash generation and disciplined capital deployment; slides and the call provide detail for modeling near-term margins and buyback pacing. Earnings Call Highlights
• Negative Sentiment: Short-term pullback despite positives — the stock is trading lower today, which appears driven by profit-taking after the post-earnings rally and/or sector rotation; investors should expect volatility while refining margins and geopolitical drivers evolve.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $245.67 on Thursday. The company has a market cap of $72.35 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.53. Marathon Petroleum Corporation has a 12 month low of $142.73 and a 12 month high of $261.61. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The company has a 50-day simple moving average of $228.34 and a 200-day simple moving average of $200.58.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.91. The business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.16%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 26.3 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum's payout ratio is 26.11%.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 4,473 shares of company stock worth $1,015,428 in the last ninety days. Insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MPC. Barclays raised their target price on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $239.00 to $264.00 and gave the company a "buy" rating in a report on Friday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Marathon Petroleum from $184.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, April 9th. Zacks Research upgraded shares of Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Finally, Morgan Stanley raised their target price on shares of Marathon Petroleum from $200.00 to $233.00 and gave the company an "overweight" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.19.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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