Marathon Petroleum Corporation $MPC Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 32.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,927 shares of the oil and gas company’s stock after selling 5,610 shares during the period. Intech Investment Management LLC’s holdings in Marathon Petroleum were worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MPC. Navalign LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marathon Petroleum in the 3rd quarter valued at about $39,000. IAG Wealth Partners LLC acquired a new stake in Marathon Petroleum in the 3rd quarter valued at about $39,000. Finally, Berbice Capital Management LLC grew its stake in Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares in the company, valued at $2,290,058.64. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 4,473 shares of company stock worth $1,015,428. Corporate insiders own 0.17% of the company’s stock.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: MPC was highlighted in a Zacks “Strong Buy” growth stock list, which can attract momentum and growth-oriented buyers. Best Growth Stocks to Buy for June 3rd
• Positive Sentiment: Analysts and market commentary are focusing on Marathon’s West Coast refining assets as California fuel supply remains tight, suggesting a potential earnings tailwind if regional crack spreads stay strong. Can MPC’s West Coast Assets Become a Bigger Earnings Driver?
• Positive Sentiment: Broader energy-market strength is supporting refiners like MPC, as crude prices rebound and refined-product markets tighten amid renewed Middle East supply concerns, which can improve refining margins. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: Marathon Petroleum was recognized for top safety performance at AFPM awards, a positive operating headline but not an immediate earnings catalyst. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: The stock has already had a strong multi-month run, so some investors may be weighing valuation after sizable gains even as fundamentals remain supportive. Marathon Petroleum (MPC) Valuation Check After Strong Multi?Month Share Price Gains

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $267.33 on Thursday. Marathon Petroleum Corporation has a 12-month low of $155.93 and a 12-month high of $272.46. The stock has a market capitalization of $78.04 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.42 and a beta of 0.52. The firm’s 50-day moving average is $242.03 and its two-hundred day moving average is $209.17. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned ($0.24) EPS. Equities analysts predict that Marathon Petroleum Corporation will post 30.05 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed 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. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MPC. The Goldman Sachs Group increased their price objective on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays increased their price objective on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Scotiabank increased their price objective on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $268.50.

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.