Wesbanco Bank Inc. Has $3.26 Million Holdings in Marathon Petroleum Corporation $MPC

Wesbanco Bank Inc. cut its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 20,017 shares of the oil and gas company’s stock after selling 2,685 shares during the quarter. Wesbanco Bank Inc.’s holdings in Marathon Petroleum were worth $3,255,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MPC. Boston Partners lifted its position in Marathon Petroleum by 2.3% during the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after purchasing an additional 141,691 shares during the period. Legal & General Group Plc lifted its position in Marathon Petroleum by 2.0% during the third quarter. Legal & General Group Plc now owns 1,861,020 shares of the oil and gas company’s stock worth $358,693,000 after purchasing an additional 35,847 shares during the period. Amundi lifted its position in Marathon Petroleum by 11.8% during the third quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock worth $314,830,000 after purchasing an additional 172,172 shares during the period. National Pension Service lifted its position in Marathon Petroleum by 1.7% during the third quarter. National Pension Service now owns 849,268 shares of the oil and gas company’s stock worth $163,688,000 after purchasing an additional 14,308 shares during the period. Finally, Rhumbline Advisers lifted its position in Marathon Petroleum by 1.8% during the third quarter. Rhumbline Advisers now owns 669,237 shares of the oil and gas company’s stock worth $128,989,000 after purchasing an additional 11,948 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum News Summary

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

Analyst Ratings Changes

Several research firms recently weighed in on MPC. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research report on Wednesday. Weiss Ratings cut shares of Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Citigroup boosted their target price on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $257.25.

Insider Buying and Selling at Marathon Petroleum

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

Marathon Petroleum Trading Up 1.1%

MPC opened at $245.02 on Friday. The company’s 50 day moving average is $229.28 and its 200-day moving average is $200.99. Marathon Petroleum Corporation has a 1-year low of $149.65 and a 1-year high of $261.61. The company has a current ratio of 1.18, a quick ratio of 0.74 and a debt-to-equity ratio of 1.31. The company has a market cap of $71.53 billion, a P/E ratio of 15.99, a PEG ratio of 0.35 and a beta of 0.53.

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, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. During the same period last year, the company posted ($0.24) EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corporation will post 28.83 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

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.