Marathon Petroleum Corporation $MPC Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC raised its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 471.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,705 shares of the oil and gas company’s stock after buying an additional 15,429 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $7,396,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MPC. Solstein Capital LLC acquired a new stake in shares of Marathon Petroleum in the second quarter worth $26,000. Caitlin John LLC acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc purchased a new stake in Marathon Petroleum during the 2nd quarter worth $27,000. Cetera Trust Company N.A acquired a new position in Marathon Petroleum in the 2nd quarter worth $35,000. Finally, Frazier Financial Advisors LLC acquired a new position in Marathon Petroleum in the 2nd quarter worth $36,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded up $12.21 during trading on Tuesday, hitting $471.02. 652,009 shares of the company traded hands, compared to its average volume of 2,483,226. The stock has a market capitalization of $137.51 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.14 and a beta of 0.54. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $473.33. 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 business’s fifty day moving average is $383.45 and its 200-day moving average is $302.84.

Marathon Petroleum (NYSE:MPC) last released its quarterly 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 business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.96 earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 61.46 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is 13.75%.

Analyst Ratings Changes

MPC has been the topic of a number of recent analyst reports. TD Cowen upped their target price on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Bank of America raised their price objective on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Wells Fargo & Company lifted their price target on Marathon Petroleum from $359.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Morgan Stanley increased their target price on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. 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’s stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $395.38.

Insider Activity at Marathon Petroleum

In related news, SVP Shawn Lyon sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 11,194 shares in the company, valued at $4,206,145.50. This trade represents a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction 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 owned 1,576 shares of the company’s stock, valued at $571,757.04. This trade represents a 26.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,691 shares of company stock worth $7,780,127 in the last three months. 0.17% of the stock is owned by company insiders.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Barclays raised its price target to $488 and maintained an “overweight” rating. The new target implies additional upside from the reported trading level and represents a significant increase from its prior $321 target, supporting investor confidence in MPC’s earnings outlook.
• Positive Sentiment: Momentum remains a major catalyst. MPC is approaching a potential 10-month winning streak, a pattern last seen in 2013. The strength is consistent with broader energy-market momentum, with the CRAK refining ETF reportedly up about 77% this year. Marathon Petroleum Nears 10-Month Winning Streak Last Seen in 2013
• Positive Sentiment: Value-oriented research continues to favor MPC. Zacks listed Marathon Petroleum among stocks with attractive PEG ratios and growth potential, while additional coverage identified MPC as a compelling growth-at-a-reasonable-price and momentum candidate. These screens may attract both value and momentum investors. 4 Value Stocks to Buy Using the PEG Ratio for Better Returns Marathon Petroleum Is a Great Momentum Stock
• Neutral Sentiment: No new company-specific operating results were reported. The latest supplied fundamental data showed MPC exceeding quarterly earnings and revenue expectations, but the current coverage primarily reiterates valuation and momentum themes rather than introducing new financial guidance.
• Negative Sentiment: A proposed Russian diesel arrangement could pressure refiners if it lowers diesel prices and crack spreads. Cheaper diesel may benefit consumers, but reduced refined-product pricing could weaken MPC’s profitability. The deal’s political uncertainty also adds risk to the market outlook. Proposed Russian Diesel Deal Could Have Unintended Consequences

Marathon Petroleum 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.