Marathon Petroleum Corporation $MPC Stock Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,377 shares of the oil and gas company’s stock after selling 7,405 shares during the period. Miller Howard Investments Inc. NY’s holdings in Marathon Petroleum were worth $13,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MPC. Vontobel Holding Ltd. raised its position in shares of Marathon Petroleum by 23.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 14,025 shares of the oil and gas company’s stock worth $5,546,000 after acquiring an additional 2,637 shares in the last quarter. Energy Income Partners LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $4,912,000. Evolve Private Wealth LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $673,000. Railway Pension Investments Ltd bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $3,886,000. Finally, Sax Wealth Advisors LLC grew its stake in Marathon Petroleum by 471.0% during the third quarter. Sax Wealth Advisors LLC now owns 18,705 shares of the oil and gas company’s stock worth $7,396,000 after purchasing an additional 15,429 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $470.02 on Tuesday. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $493.98. The company has a market cap of $137.22 billion, a PE ratio of 16.16, a P/E/G ratio of 0.12 and a beta of 0.54. The stock has a 50-day moving average of $409.37 and a 200-day moving average of $283.02. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.

Marathon Petroleum (NYSE:MPC) last posted its quarterly 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. The business had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.96 EPS. On average, equities research analysts predict that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. Marathon Petroleum’s payout ratio is currently 13.75%.

Key Marathon Petroleum News

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

• Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
• Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
• Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
• Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
• Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Insider Activity

In related news, insider Molly R. Benson sold 17,196 shares of the stock in a transaction 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 $10,876,862.38. This trade represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction on 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 owned 11,194 shares in the company, valued at approximately $4,206,145.50. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,691 shares of company stock worth $7,780,127 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPC. Evercore set a $330.00 target price on Marathon Petroleum in a report on Wednesday, August 5th. UBS Group set a $510.00 price target on Marathon Petroleum in a report on Friday, October 9th. Morgan Stanley raised their price objective on shares of Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $433.00 price objective on shares of Marathon Petroleum in a research note on Sunday, October 11th. Finally, Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $424.31.

Marathon Petroleum Company Profile

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.