Manning & Napier Advisors LLC Decreases Position in Marathon Petroleum Corporation $MPC

Manning & Napier Advisors LLC decreased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,614 shares of the oil and gas company’s stock after selling 2,723 shares during the period. Manning & Napier Advisors LLC’s holdings in Marathon Petroleum were worth $6,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MPC. Brighton Jones LLC boosted its position in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares during the period. Woodline Partners LP boosted its stake in shares of Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after purchasing an additional 7,396 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 466 shares during the period. Marshall Wace LLP purchased a new position in shares of Marathon Petroleum in the second quarter valued at $8,505,000. Finally, AXA S.A. boosted its stake in shares of Marathon Petroleum by 46.7% in the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock valued at $6,590,000 after purchasing an additional 12,639 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum reported a strong earnings beat, with EPS coming in 110% above expectations, reinforcing the view that the company’s refining business is performing well. Marathon Petroleum Corporation Just Beat EPS By 110%: Here’s What Analysts Think Will Happen Next
• Positive Sentiment: Goldman Sachs raised its price target on MPC to $291 from $264 and kept a buy rating, suggesting meaningful upside from current levels. Marathon Petroleum had its price target raised by The Goldman Sachs Group, Inc. from $264.00 to $291.00.
• Positive Sentiment: JPMorgan also lifted its price target on Marathon Petroleum to $257 from $235, adding to the positive analyst momentum around the stock. Marathon Petroleum had its price target raised by JPMorgan Chase & Co. from $235.00 to $257.00.
• Positive Sentiment: TD Cowen reportedly raised its price target on MPC to $320, further reinforcing the bullish valuation case. Marathon Petroleum (NYSE:MPC) Price Target Raised to $320.00 at TD Cowen
• Neutral Sentiment: Zacks and Yahoo Finance highlighted MPC as a momentum stock with strong earnings surprises and bullish price trends, which may support trader interest but does not add new company-specific fundamentals. Zacks.com featured highlights include The Vita Coco Company, Indivior Pharmaceuticals and Marathon Petroleum
• Neutral Sentiment: Marathon Petroleum was also included in another “best momentum stocks” roundup, again reflecting positive market sentiment rather than a new operational update. 3 Best Momentum Stocks to Buy Now for Big Upside in May 2026
• Neutral Sentiment: A separate analysis said Marathon Petroleum’s buyback expansion and refinery projects support its valuation story, citing stronger quarterly results and a larger repurchase program. Marathon Petroleum Buyback Expansion And Refinery Projects Underpin Valuation Story

Marathon Petroleum Trading Up 1.1%

Shares of NYSE:MPC opened at $245.02 on Friday. The company has a market cap of $71.53 billion, a PE ratio of 15.99, a P/E/G ratio of 0.34 and a beta of 0.53. The company’s 50-day moving average price is $229.28 and its 200 day moving average price is $200.99. Marathon Petroleum Corporation has a fifty-two week low of $149.65 and a fifty-two week high of $261.61. The company has a quick ratio of 0.74, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. Marathon Petroleum’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) EPS. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 27.28 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $1.00 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MPC shares. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group set a $285.00 target price on shares of Marathon Petroleum in a research note on Wednesday. Mizuho upped their target price on shares of Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Scotiabank increased their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $257.25.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the sale, the insider owned 7,525 shares of the company’s stock, valued at $1,717,054.50. The trade was a 17.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is owned by insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.