Marathon Petroleum Corporation $MPC Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Marathon Petroleum Corporation (NYSE:MPC) by 11.9% during the third quarter, Holdings Channel reports. The institutional investor owned 37,681 shares of the oil and gas company’s stock after selling 5,100 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Marathon Petroleum were worth $14,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $1,029,611,000. Bank of America Corp DE boosted its stake in Marathon Petroleum by 1.6% in the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock valued at $633,668,000 after acquiring an additional 40,124 shares in the last quarter. Amundi grew its holdings in Marathon Petroleum by 17.5% in the second quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock worth $572,172,000 after purchasing an additional 332,551 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Marathon Petroleum by 16.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock worth $385,675,000 after purchasing an additional 215,686 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Shawn M. Lyon sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total value of $375,750.00. Following the completion of the transaction, the senior vice president directly owned 11,194 shares in the company, valued at $4,206,145.50. This trade represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Trading Down 1.3%

NYSE MPC opened at $372.48 on Friday. The company has a fifty day simple moving average of $421.69 and a two-hundred day simple moving average of $295.35. The stock has a market cap of $101.42 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.10 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 company has a current ratio of 1.45, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, topping the consensus estimate of $25.37 by $1.56. The business had revenue of $56.03 billion during the quarter, compared to the consensus estimate of $46.60 billion. Marathon Petroleum had a net margin of 8.27% and a return on equity of 55.82%. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.01 earnings per share. On average, analysts forecast that Marathon Petroleum Corporation will post 66.31 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum’s payout ratio is currently 13.75%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Piper Sandler increased their price objective on Marathon Petroleum from $462.00 to $466.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. UBS Group set a $510.00 target price on Marathon Petroleum in a research report on Friday, October 9th. The Goldman Sachs Group increased their price target on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Finally, Wells Fargo & Company raised their price target on Marathon Petroleum from $560.00 to $564.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $425.12.

Key Stories Impacting Marathon Petroleum

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

• Positive Sentiment: A Zacks analysis said MPC could benefit from refinery outages, tight fuel inventories and cheaper heavy crude, which may support refining margins and further upside for the shares. Article: 3 Refining Stocks That Have Doubled in 2026: What’s Next?
• Positive Sentiment: Piper Sandler raised its price target from $462 to $466 and maintained an Overweight rating, signaling continued analyst confidence. Piper Sandler stock recommendations
• Neutral Sentiment: MPC’s $4.2 billion sale of its St. Paul Park and Mandan refineries and related marketing business is intended to fund a greater Gulf Coast focus, including investments to increase diesel output, crude throughput and premium gasoline exports. The shift could improve returns, though it also means selling operating assets. Article: Can MPC’s Gulf Coast Focus Fuel Stronger Future Refining Returns?
• Negative Sentiment: MarketWatch reported that MPC shares underperformed competitors Friday, pointing to relative weakness, although the report’s headline did not specify a cause. Article: Marathon Petroleum Corp. stock underperforms Friday when compared to competitors
• Negative Sentiment: ETFs were net sellers of MPC on Wednesday, selling about $20.1 million in shares despite more funds buying than selling. Article: ETFs Are Net Sellers of Marathon Petroleum (MPC) on Wednesday

About Marathon Petroleum

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.