7,369 Marathon Petroleum Corporation $MPC Shares Sold by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,280 shares of the oil and gas company’s stock after selling 7,369 shares during the quarter. Marathon Petroleum accounts for about 6.6% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 2nd largest holding. Greatmark Investment Partners Inc. owned approximately 0.05% of Marathon Petroleum worth $61,005,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Marathon Petroleum in the second quarter worth $6,648,958,000. Bank of New York Mellon Corp purchased a new position in shares of Marathon Petroleum in the 2nd quarter valued at $1,029,611,000. Bank of America Corp DE lifted its holdings 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 in the last quarter. Amundi lifted its holdings 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marathon Petroleum by 16.7% during 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 worth $385,675,000 after purchasing an additional 215,686 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPC. Mizuho increased their price target on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $400.00 to $560.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Weiss Ratings raised Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. TD Cowen increased their target price on Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $433.00 target price on shares of Marathon Petroleum in a report on Sunday, October 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $424.31.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $444.92 on Friday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a market capitalization of $129.89 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.11 and a beta of 0.54. The company’s fifty day moving average price is $417.80 and its two-hundred day moving average price is $289.77.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating 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 company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the firm earned $3.96 earnings per share. The company’s revenue was up 53.5% on a year-over-year basis. On average, research analysts anticipate that Marathon Petroleum Corporation will post 64.12 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 annualized dividend and a yield of 0.9%. Marathon Petroleum’s payout ratio is currently 13.75%.

Insiders Place Their Bets

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Shawn Lyon sold 1,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the transaction, the senior vice president 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. The SEC filing for this sale provides additional information. Insiders have sold 21,691 shares of company stock worth $7,780,127 in the last three months. 0.17% of the stock is owned by insiders.

Key Marathon Petroleum News

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

• Positive Sentiment: Dividend raised 10%: Marathon Petroleum increased its quarterly dividend from $1.00 to $1.10 per share, payable December 10 to shareholders of record November 18. The increase signals confidence in cash generation and strengthens the stock’s shareholder-return appeal. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: Positive pre-earnings expectations: Analysts and financial commentary describe MPC as a potentially attractive value and momentum stock ahead of its November 3 results. Investors are watching whether refining profitability, revenue and other operating metrics can exceed elevated expectations. This Is Why MPC Stock Is a Smart Buy Before Q3 Earnings Release
• Positive Sentiment: Strong momentum and valuation support: Zacks identifies MPC as a strong momentum stock, while other coverage highlights its growth potential and comparatively attractive PEG-based valuation. These signals may be encouraging additional buying interest. Here’s Why Marathon Petroleum Is a Strong Momentum Stock
• Neutral Sentiment: Board appointment: David E. Constable will join MPC’s board effective March 1, 2027. The appointment could add strategic or governance expertise, but its near-term earnings impact is unclear. David Constable to Join Marathon Petroleum Board
• Negative Sentiment: Profit-taking and earnings risks: ETFs were net sellers of MPC, while commentary warns that pressured refining margins and gasoline markets could disappoint after the stock’s substantial rally. Even a quarterly earnings beat may trigger selling if results or guidance fail to exceed high expectations. Marathon Petroleum’s November 3 Earnings Red Flags

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.