Marathon Petroleum Corporation $MPC Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 55,678 shares of the oil and gas company’s stock after selling 3,199 shares during the period. Truist Financial Corp’s holdings in Marathon Petroleum were worth $9,055,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Associated Banc Corp grew its position in shares of Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 52 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Marathon Petroleum by 0.6% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 57 shares during the period. Legacy Bridge LLC grew its position in shares of Marathon Petroleum by 12.5% in the fourth quarter. Legacy Bridge LLC now owns 523 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 58 shares during the period. CoreCap Advisors LLC grew its position in shares of Marathon Petroleum by 2.6% in the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 59 shares during the period. Finally, CI Investments Inc. grew its position in shares of Marathon Petroleum by 1.8% in the third quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC opened at $245.02 on Friday. The firm has a market capitalization of $71.53 billion, a PE ratio of 15.99, a PEG ratio of 0.34 and a beta of 0.53. Marathon Petroleum Corporation has a twelve month low of $149.65 and a twelve month high of $261.61. The firm’s 50-day moving average price is $229.28 and its 200 day moving average price is $200.99. The company has a current ratio of 1.18, a quick ratio of 0.74 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 27.28 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Marathon Petroleum’s payout ratio is presently 26.11%.

Trending Headlines about 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

Insiders Place Their Bets

In related news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares in the company, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 4,473 shares of company stock worth $1,015,428 in the last quarter. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MPC shares. Mizuho lifted their target price on shares of Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. BMO Capital Markets lifted their target price on shares of Marathon Petroleum from $230.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Piper Sandler increased their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings lowered Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, UBS Group set a $285.00 target price on shares of Marathon Petroleum in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.25.

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.