WINTON GROUP Ltd Makes New $9.22 Million Investment in Marathon Petroleum Corporation $MPC

WINTON GROUP Ltd purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, Holdings Channel.com reports. The firm purchased 36,076 shares of the oil and gas company’s stock, valued at approximately $9,224,000.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock valued at $329,000 after purchasing an additional 40 shares during the last quarter. Equitable Trust Co. raised its position in Marathon Petroleum by 1.6% in the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in Marathon Petroleum by 0.4% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock worth $2,411,000 after purchasing an additional 42 shares during the last quarter. High Net Worth Advisory Group LLC boosted its position in Marathon Petroleum by 2.6% during the second quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company’s stock valued at $418,000 after buying an additional 42 shares during the period. Finally, Wellington Grp LLC grew its stake in shares of Marathon Petroleum by 9.6% during the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 45 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $400.33 on Thursday. The stock has a market cap of $116.87 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53. The firm’s fifty day simple moving average is $330.50 and its 200 day simple moving average is $271.13. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $402.00. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same period in the prior year, the business earned $3.96 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. As a group, research analysts predict that Marathon Petroleum Corporation will post 47.23 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Raymond James Financial raised their price target on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Zacks Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Mizuho boosted their price objective on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $330.50.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Strong refining margins: Record-high crack spreads are supporting profitability, while analysts and Zacks have highlighted MPC as a “Bull of the Day” and a strong momentum stock. Marathon Petroleum and Campbell’s highlighted as Zacks Bull and Bear of the Day
• Positive Sentiment: Positive analyst and momentum support: Momentum screens, improving earnings estimates and a reported UBS upgrade reinforce the bullish investment case and may attract additional buyers. MPC Gets a UBS Raise While Refiners Keep Cashing In
• Positive Sentiment: Long-term margin investment: High-return refinery projects are designed to improve feedstock flexibility, product yields and operating efficiency, potentially strengthening margins and cash generation over time. How High-Return Refinery Investment Strengthens MPC’s Long-Term Margins
• Positive Sentiment: Geopolitical tailwind: Escalating Iran-related tensions and threats to Gulf energy assets pushed crude above $91 per barrel, increasing attention on energy stocks and potentially supporting refinery economics through tighter fuel markets. Defense, Solar, and Refining Stocks Split as the Iran Conflict Raises Energy Risk
• Neutral Sentiment: Momentum does not eliminate cyclicality: The bullish coverage is largely based on current refining spreads and estimate revisions. A decline in crack spreads, weaker fuel demand or easing geopolitical tensions could reduce the near-term catalyst.

Insiders Place Their Bets

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the sale, the vice president directly owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shawn Lyon sold 1,000 shares of the company’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 transaction, the senior vice president owned 11,194 shares in the company, valued at $4,206,145.50. This trade represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,691 shares of company stock worth $7,780,127 over the last three months. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Company 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 and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.

Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers.