Waverly Advisors LLC Has $6.03 Million Stake in Marathon Petroleum Corporation $MPC

Waverly Advisors LLC reduced its position in Marathon Petroleum Corporation (NYSE:MPC) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 23,569 shares of the oil and gas company’s stock after selling 1,585 shares during the period. Waverly Advisors LLC’s holdings in Marathon Petroleum were worth $6,026,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MPC. California State Teachers Retirement System boosted its position in Marathon Petroleum by 36,834.6% during the second quarter. California State Teachers Retirement System now owns 128,810,637 shares of the oil and gas company’s stock valued at $32,933,016,000 after acquiring an additional 128,461,884 shares during the last quarter. BlackRock Inc. bought a new position in shares of Marathon Petroleum in the 2nd quarter worth about $6,648,958,000. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum in the 2nd quarter worth about $1,029,611,000. Norges Bank acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at about $472,312,000. Finally, Bank of America Corp DE acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $621,832,000. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup raised their target price on Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Evercore set a $330.00 price objective on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Morgan Stanley boosted their target price on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, Raymond James Financial increased their target price on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

Insiders Place Their Bets

In other Marathon Petroleum news, SVP Shawn Lyon sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 21,691 shares of company stock worth $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Marathon Petroleum’s high-return refinery investments are expected to improve operational flexibility, product yields and cost efficiency. Those projects could strengthen refining margins and earnings resilience over the long term. How High-Return Refinery Investment Strengthens MPC’s Long-Term Margins
• Positive Sentiment: Zacks and related market commentary continue to identify MPC as attractive for value and momentum investors, citing its valuation profile, earnings trends and strong share-price performance. This supports the bullish long-term narrative, although the articles do not introduce a new catalyst. Why Marathon Petroleum Is a Top Value Stock for the Long-Term
• Neutral Sentiment: Escalating U.S.-Iran tensions are increasing energy-market risk and creating a mixed backdrop for refiners. Higher volatility or stronger fuel prices could help MPC, but geopolitical disruptions could also pressure demand and operating conditions. Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk
• Negative Sentiment: MPC underperformed the broader market in the latest session. The report provides no specific earnings warning, analyst downgrade or operational problem, suggesting the weakness may reflect profit-taking or broader market positioning after the stock’s substantial run. Marathon Petroleum Dips More Than Broader Market

Marathon Petroleum Trading Down 1.7%

Shares of Marathon Petroleum stock opened at $392.61 on Friday. The stock has a market capitalization of $114.62 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $405.13. The stock has a 50 day moving average price of $333.02 and a two-hundred day moving average price of $272.51. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share 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 period in the prior year, the firm earned $3.96 earnings per share. Marathon Petroleum’s revenue for the quarter was up 53.5% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 47.23 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

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.