NewEdge Advisors LLC Raises Position in Marathon Petroleum Corporation $MPC

Key Points

• NewEdge Advisors increased its Marathon Petroleum stake by 5.7% in the second quarter, bringing its holdings to 85,748 shares valued at approximately $21.9 million. Institutional investors collectively own 76.77% of MPC.
• Marathon Petroleum reported strong quarterly results, with EPS of $17.73 versus the $14.27 consensus and revenue of $51.99 billion, up 53.5% year over year. The company also pays a $1.00 quarterly dividend, equal to a 1.0% yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $330.50, although MPC shares opened at $392.61. Insiders have sold 21,691 shares worth $7.78 million over the past 90 days.

NewEdge Advisors LLC boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,748 shares of the oil and gas company's stock after purchasing an additional 4,660 shares during the period. NewEdge Advisors LLC's holdings in Marathon Petroleum were worth $21,923,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Energy Income Partners LLC purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $4,912,000. Evolve Private Wealth LLC purchased a new stake in Marathon Petroleum in the 2nd quarter worth approximately $673,000. Railway Pension Investments Ltd purchased a new stake in Marathon Petroleum in the 2nd quarter worth approximately $3,886,000. Pictet Asset Management Holding SA grew its position in shares of Marathon Petroleum by 31.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company's stock worth $52,146,000 after buying an additional 50,521 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Marathon Petroleum by 570.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company's stock valued at $41,180,000 after buying an additional 143,500 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other news, SVP Shawn Lyon sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company's stock, valued at $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of the 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 in the company, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,691 shares of company stock worth $7,780,127. Company insiders own 0.17% of the company's stock.

Marathon Petroleum Price Performance

MPC stock opened at $392.61 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a 50 day moving average price of $333.02 and a 200-day moving average price of $272.51. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $405.13. The firm has a market capitalization of $114.62 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.26 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping 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 company had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the prior year, the business posted $3.96 EPS. The firm's quarterly revenue was up 53.5% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum Corporation will post 47.23 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.0%. Marathon Petroleum's dividend payout ratio is currently 13.75%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MPC shares. Zacks Research raised Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 4th. Barclays lifted their target price on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Jefferies Financial Group set a $335.00 price target on shares of Marathon Petroleum and gave the stock a "buy" rating in a research note on Sunday, July 12th. UBS Group lifted their price objective on Marathon Petroleum from $321.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Marathon Petroleum in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $330.50.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum’s high-return refinery investments are expected to improve operational flexibility, product yields and cost efficiency. Those projects could strengthen refining margins and earnings resilience over the long term. How High-Return Refinery Investment Strengthens MPC's Long-Term Margins
• Positive Sentiment: Zacks and related market commentary continue to identify MPC as attractive for value and momentum investors, citing its valuation profile, earnings trends and strong share-price performance. This supports the bullish long-term narrative, although the articles do not introduce a new catalyst. Why Marathon Petroleum Is a Top Value Stock for the Long-Term
• Neutral Sentiment: Escalating U.S.-Iran tensions are increasing energy-market risk and creating a mixed backdrop for refiners. Higher volatility or stronger fuel prices could help MPC, but geopolitical disruptions could also pressure demand and operating conditions. Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk
• Negative Sentiment: MPC underperformed the broader market in the latest session. The report provides no specific earnings warning, analyst downgrade or operational problem, suggesting the weakness may reflect profit-taking or broader market positioning after the stock’s substantial run. Marathon Petroleum Dips More Than Broader Market

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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