1,395 Marathon Petroleum Corporation $MPC Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its position in Marathon Petroleum Corporation (NYSE:MPC) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,522 shares of the oil and gas company’s stock after selling 1,395 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Marathon Petroleum were worth $13,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Financial Network Inc. grew its holdings in shares of Marathon Petroleum by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock valued at $422,000 after buying an additional 21 shares during the period. CRA Financial Services LLC raised its stake in Marathon Petroleum by 1.2% during the 3rd quarter. CRA Financial Services LLC now owns 1,844 shares of the oil and gas company’s stock worth $729,000 after buying an additional 21 shares during the period. Avior Wealth Management LLC raised its stake in Marathon Petroleum by 1.0% during the 3rd quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock worth $842,000 after buying an additional 22 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Marathon Petroleum by 7.8% during the third quarter. Physician Wealth Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 23 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its holdings in Marathon Petroleum by 1.6% during the third quarter. Global Assets Advisory LLC now owns 1,442 shares of the oil and gas company’s stock worth $630,000 after acquiring an additional 23 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Down 0.5%

MPC opened at $428.27 on Wednesday. The stock has a market capitalization of $125.03 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.11 and a beta of 0.53. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98. The firm’s fifty day simple moving average is $420.48 and its 200 day simple moving average is $292.28. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, beating the consensus estimate of $25.37 by $1.56. The firm had revenue of $56.03 billion for the quarter, compared to analysts’ expectations of $46.60 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.01 EPS. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research analyst reports. Evercore set a $330.00 target price on Marathon Petroleum in a research note on Wednesday, August 5th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Morgan Stanley lifted their price objective on Marathon Petroleum from $265.00 to $453.00 and gave the company an “overweight” rating in a report on Monday, September 14th. Barclays boosted their price objective on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, Wells Fargo & Company increased their target price on Marathon Petroleum from $400.00 to $560.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $424.31.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Adjusted earnings of $26.93 per share topped analyst expectations, while revenue reached about $56 billion. Profit surged from a year earlier as refining margins jumped and refineries operated at high utilization. Reuters article
• Positive Sentiment: MPC raised its quarterly dividend by 10% and reported $3.3 billion in capital returned during the quarter. The company also highlighted strong cash generation, which may support further investor payouts. Third-quarter results
• Neutral Sentiment: MPC agreed to sell its St. Paul Park and Mandan refineries and related businesses to CVR Energy in a transaction valued at about $4.2 billion, with MPC receiving $3.45 billion for refining assets and MPLX receiving $750 million. The sale advances a shift toward Gulf Coast investment and provides proceeds, but also reduces MPC’s refining footprint. Divestiture announcement
• Negative Sentiment: The scale of the earnings surge reflects exceptionally strong refining margins, which may not persist if fuel-supply constraints ease or margins normalize. That creates a risk that future results will fall from this quarter’s unusually high level. Refining margins analysis
• Negative Sentiment: Energy stocks broadly declined, creating pressure on MPC despite its strong results; the stock’s decline was less severe than some competitors’. MarketWatch article

Insider Activity

In related news, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction that occurred 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 trade represents a 36.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,691 shares of company stock valued at $7,780,127 in the last quarter. Company insiders own 0.17% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.