WINTON GROUP Ltd Acquires Shares of 36,076 Marathon Petroleum Corporation $MPC

WINTON GROUP Ltd bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 36,076 shares of the oil and gas company's stock, valued at approximately $9,224,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock valued at $329,000 after buying an additional 40 shares in the last quarter. Equitable Trust Co. raised its holdings in Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock valued at $644,000 after acquiring an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in Marathon Petroleum by 0.4% during 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 acquiring an additional 42 shares during the period. High Net Worth Advisory Group LLC lifted its position in shares of Marathon Petroleum by 2.6% during the second quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company's stock worth $418,000 after acquiring an additional 42 shares in the last quarter. Finally, Wellington Grp LLC boosted its holdings in shares of Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock worth $126,000 after acquiring an additional 45 shares during the period. Institutional investors own 76.77% of the company's stock.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Strong refining margins: Record-high crack spreads are supporting profitability, while analysts and Zacks have highlighted MPC as a “Bull of the Day” and a strong momentum stock. Marathon Petroleum and Campbell's highlighted as Zacks Bull and Bear of the Day
• Positive Sentiment: Positive analyst and momentum support: Momentum screens, improving earnings estimates and a reported UBS upgrade reinforce the bullish investment case and may attract additional buyers. MPC Gets a UBS Raise While Refiners Keep Cashing In
• Positive Sentiment: Long-term margin investment: High-return refinery projects are designed to improve feedstock flexibility, product yields and operating efficiency, potentially strengthening margins and cash generation over time. How High-Return Refinery Investment Strengthens MPC's Long-Term Margins
• Positive Sentiment: Geopolitical tailwind: Escalating Iran-related tensions and threats to Gulf energy assets pushed crude above $91 per barrel, increasing attention on energy stocks and potentially supporting refinery economics through tighter fuel markets. Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk
• Neutral Sentiment: Momentum does not eliminate cyclicality: The bullish coverage is largely based on current refining spreads and estimate revisions. A decline in crack spreads, weaker fuel demand or easing geopolitical tensions could reduce the near-term catalyst.

Insiders Place Their Bets

In other news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum 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 completion of the sale, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 12,619 shares of the company's stock, valued at $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,691 shares of company stock valued at $7,780,127 in the last quarter. Corporate insiders own 0.17% of the company's stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $400.33 on Thursday. The stock has a market cap of $116.87 billion, a P/E ratio of 13.76, a PEG ratio of 0.25 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The business's 50-day moving average price is $330.50 and its two-hundred day moving average price is $271.13. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $402.00.

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 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. The company had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.Marathon Petroleum's revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.96 earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 47.23 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on MPC shares. Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. UBS Group raised their target price on Marathon Petroleum from $321.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the company a "buy" rating in a report on Sunday, July 12th. Barclays upped their price target on Marathon Petroleum from $289.00 to $321.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Piper Sandler increased their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $330.50.

About Marathon Petroleum

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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