Moody National Bank Trust Division Sells 1,741 Shares of Marathon Petroleum Corporation $MPC

Moody National Bank Trust Division decreased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 16.0% in the 3rd quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Marathon Petroleum in the second quarter valued at approximately $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum during the 2nd quarter worth $1,029,611,000. Bank of America Corp DE raised its position in shares of Marathon Petroleum by 1.6% during the 1st 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 during the last quarter. Amundi raised its position in shares of Marathon Petroleum by 17.5% during the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock valued at $572,172,000 after acquiring an additional 332,551 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marathon Petroleum by 16.7% in the 2nd 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 valued at $385,675,000 after purchasing an additional 215,686 shares during the period. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of a number of analyst reports. Barclays lifted their price objective on Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Piper Sandler raised their target price on Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Mizuho upped their price target on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price objective 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. 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 company. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $370.38.

Insider Buying and Selling at Marathon Petroleum

In related news, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the completion of the transaction, the senior vice president directly owned 11,194 shares in the company, valued at approximately $4,206,145.50. This trade represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,691 shares of company stock valued at $7,780,127 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Trending Headlines about 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 Stock Down 0.3%

Shares of MPC traded down $1.19 on Tuesday, hitting $432.28. The company’s stock had a trading volume of 1,569,934 shares, compared to its average volume of 2,502,267. The firm’s fifty day moving average price is $369.51 and its 200-day moving average price is $295.31. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $437.67. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $126.20 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.13 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period last year, the company posted $3.96 EPS. On average, equities research analysts expect that Marathon Petroleum Corporation will post 59.15 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced 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. This represents a $4.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is 13.75%.

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.