Integrated Wealth Concepts LLC Acquires 1,836 Shares of Marathon Petroleum Corporation $MPC

Integrated Wealth Concepts LLC lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 14.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,755 shares of the oil and gas company’s stock after purchasing an additional 1,836 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Marathon Petroleum were worth $3,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Marathon Petroleum by 3.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. increased its position in Marathon Petroleum by 1.6% during the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after buying an additional 42 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 42 shares in the last quarter. High Net Worth Advisory Group LLC raised its holdings in Marathon Petroleum by 2.6% during the second quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company’s stock valued at $418,000 after buying an additional 42 shares in the last quarter. Finally, Wellington Grp LLC lifted its position in shares of Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock worth $126,000 after buying an additional 45 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.0%

Shares of NYSE:MPC opened at $396.23 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The stock’s 50-day moving average is $335.61 and its 200-day moving average is $273.38. The company has a market cap of $115.67 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.25 and a beta of 0.53. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $409.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the previous year, the firm earned $3.96 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corporation will post 48.44 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s payout ratio is 13.75%.

More Marathon Petroleum News

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

• Positive Sentiment: Marathon Petroleum’s strong second-quarter results continue to support the stock. The company reported $5.1 billion in attributable net income, or $17.73 per diluted share, versus the $14.27 analyst consensus, along with $8.5 billion in adjusted EBITDA. It also returned $2.8 billion to shareholders, reinforcing its cash-generation and capital-return story. Marathon Petroleum gains as stronger refining backdrop and analyst optimism lift shares
• Positive Sentiment: A recent analyst upgrade to the price target reflects expectations that refining-margin normalization may be slower than previously anticipated. Brokerage commentary and articles describing MPC as a value or potentially attractive long-term investment may also be supporting sentiment. Marathon Petroleum is considered a good investment by brokers
• Positive Sentiment: Recent institutional activity remains substantial, with major investors including JPMorgan, BlackRock and Sixth Street Partners adding MPC shares during the second quarter. Government contract payments, including naval distillate awards, provide a modest additional demand-related positive.
• Neutral Sentiment: Institutional positioning is mixed: 850 investors added shares while 892 reduced positions. This suggests continued interest in MPC but also significant profit-taking after its strong run.
• Negative Sentiment: Insiders have reported 11 open-market sales and no purchases over the past six months. Members of Congress also reported sales, which may raise caution about valuation, although these transactions are not necessarily indicative of operating fundamentals.
• Negative Sentiment: The stock’s recent closing decline and its elevated valuation relative to many published targets could limit upside. Quiver Quantitative lists a six-month median analyst target of $270, well below the current trading range, highlighting the risk that refining margins or energy prices normalize.

Insider Activity

In related news, VP Erin M. Brzezinski sold 570 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the transaction, the vice president directly owned 1,576 shares in the company, valued at $571,757.04. This represents a 26.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $375.75, for a total transaction of $375,750.00. Following the completion of the sale, the senior vice president directly owned 11,194 shares of the company’s stock, valued at approximately $4,206,145.50. This trade represents a 8.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MPC. TD Cowen upped their price target on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Raymond James Financial boosted their target price on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Morgan Stanley increased their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Weiss Ratings raised shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.50.

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.