Secure Asset Management LLC Decreases Stock Position in Marathon Petroleum Corporation $MPC

Secure Asset Management LLC lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 61.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 869 shares of the oil and gas company’s stock after selling 1,414 shares during the period. Secure Asset Management LLC’s holdings in Marathon Petroleum were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

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

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Refining peers’ results and analyst optimism boosted the sector. MPC gained as strong earnings from other refiners reinforced expectations for healthy fuel demand and profitability. Analysts also remain broadly constructive on the refining outlook, helping support investor sentiment. Why Marathon Petroleum Is Up After Refining Peers’ Earnings Strength and Analyst Optimism
• Positive Sentiment: A potential global fuel squeeze could benefit refiners. Goldman Sachs sees a major shift in oil markets, with tightening fuel supplies potentially creating another refining windfall. Geopolitical risks and disruptions near key shipping routes could further support product prices and refining margins, although these benefits may be cyclical. Goldman Sachs Sees Major Shift Coming for Oil Markets
• Positive Sentiment: Marathon’s latest financial performance remains a fundamental support. The company’s most recent quarter produced earnings per share of $17.73, well above the $14.27 consensus estimate, while revenue increased 53.5% year over year. MPC also maintains a quarterly dividend of $1.00 per share, with a reported payout ratio of 13.75%.
• Neutral Sentiment: Long-term returns highlight MPC’s investment appeal but are not a new operating catalyst. A review of a hypothetical investment made a decade ago emphasizes the potential rewards of holding successful energy stocks over long periods. If You Invested $1000 in Marathon Petroleum a Decade Ago
• Negative Sentiment: Several insiders sold shares near record levels. SVP Shawn Lyon sold 1,425 shares in two transactions for approximately $532,000, while VP and Controller Erin Brzezinski sold 570 shares for about $207,000. The sales reduced their holdings by 8.2% and 26.6%, respectively. The transactions may reflect personal financial decisions, but the cluster of selling could temper enthusiasm. MPC Insider Selling Reports

Insiders Place Their Bets

In other news, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value 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. This trade represents a 26.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,691 shares of company stock worth $7,780,127 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Up 1.1%

Shares of NYSE:MPC opened at $387.12 on Thursday. The firm has a market capitalization of $113.02 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53. The business has a 50 day simple moving average of $316.89 and a two-hundred day simple moving average of $264.35. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $391.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the prior year, the business posted $3.96 earnings per share. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Piper Sandler increased their price objective on shares of Marathon Petroleum from $343.00 to $344.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial lifted their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Barclays boosted their target price on shares of Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $315.06.

About Marathon Petroleum

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.