1,741 Marathon Petroleum Corporation $MPC Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its stake in Marathon Petroleum Corporation (NYSE:MPC) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,165 shares of the oil and gas company’s stock after selling 1,741 shares during the period. Moody National Bank Trust Division’s holdings in Marathon Petroleum were worth $3,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Energy Income Partners LLC acquired a new position in shares of Marathon Petroleum in the second quarter valued at $4,912,000. Evolve Private Wealth LLC bought a new stake in Marathon Petroleum in the 2nd quarter valued at $673,000. Railway Pension Investments Ltd acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $3,886,000. Pictet Asset Management Holding SA raised its stake 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 valued at $52,146,000 after buying an additional 50,521 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Marathon Petroleum by 570.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock worth $41,180,000 after acquiring an additional 143,500 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock traded down $1.19 during midday trading on Tuesday, reaching $432.28. 1,569,934 shares of the company’s stock traded hands, compared to its average volume of 2,502,267. The company has a 50-day simple moving average of $369.51 and a two-hundred day simple moving average of $295.31. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $437.67. The company has a market cap of $126.20 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.13 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $40.87 billion. During the same quarter in the previous year, the firm earned $3.96 earnings per share. The business’s revenue was up 53.5% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Corporation will post 59.15 earnings per share for the current 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 $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. Marathon Petroleum’s payout ratio is currently 13.75%.

Insider Transactions at Marathon Petroleum

In related news, VP Erin M. Brzezinski sold 570 shares of the business’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 value of $206,790.30. Following the completion of the transaction, the vice president owned 1,576 shares in the company, valued at $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MPC. Mizuho upped their target price on shares of Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group raised their price target 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. TD Cowen lifted their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Raymond James Financial increased their target price on Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $370.38.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: MPC is targeting approximately 3 million barrels per day of third-quarter throughput. High refinery utilization, strong margins and ongoing refinery projects could support revenue and earnings if operating conditions remain favorable. MPC Targets 3M Barrels per day in Q3: Can Strong Throughput Continue?
• Positive Sentiment: Analyst commentary points to elevated oil prices, refining strength and favorable earnings-estimate trends as potential catalysts for MPC ahead of its quarterly results. The company also has a history of exceeding consensus estimates, increasing expectations for another earnings beat. The Zacks Analyst Blog Highlights Lam, Taiwan, Marathon, NVIDIA, Micron and Alphabet
• Positive Sentiment: MPC recently reached a new annual high, reflecting strong investor demand and positive momentum following an analyst upgrade. Marathon Petroleum Hits New 12-Month High on Analyst Upgrade
• Neutral Sentiment: The stock’s sharp advance leaves investors focused on valuation and whether elevated throughput and refining margins can be sustained through the next earnings cycle. Long-term return articles and analyst-favorite lists reinforce sentiment but provide limited new operating information.

Marathon Petroleum Company 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, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.

Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.