Marathon Petroleum Corporation $MPC Shares Newly Acquired by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,052 shares of the oil and gas company’s stock, valued at approximately $862,000.

Other large investors have also modified their holdings of the company. Energy Income Partners LLC purchased a new position in Marathon Petroleum in the 2nd quarter valued at about $4,912,000. Evolve Private Wealth LLC acquired a new stake in shares of Marathon Petroleum during the second quarter valued at about $673,000. Railway Pension Investments Ltd purchased a new stake in shares of Marathon Petroleum during the second quarter worth about $3,886,000. Pictet Asset Management Holding SA increased its position in shares of Marathon Petroleum by 31.0% during the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock worth $52,146,000 after acquiring an additional 50,521 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Marathon Petroleum by 570.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock worth $41,180,000 after acquiring an additional 143,500 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. The Goldman Sachs Group increased their price objective on shares of Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America lifted 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. Finally, Weiss Ratings raised shares of Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $417.88.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Barclays raised its price target to $488, indicating continued confidence in Marathon Petroleum’s outlook and leaving modest implied upside from recent levels. Barclays raises Marathon Petroleum stock target to USD 488.00
• Positive Sentiment: Citigroup lifted its target sharply to $518 from $318. Although Citi maintained a neutral rating, the higher valuation reflects improved expectations for the refiner’s earnings and cash generation. Marathon Petroleum stock 10-month winning streak
• Positive Sentiment: MPC is being highlighted alongside BP, PBF and Valero as a relatively low-beta energy stock that may provide resilience amid elevated oil prices, Middle East tensions and broader market volatility. Stay Ahead of Market Swings With BP, PBF, VLO & MPC
• Positive Sentiment: Technical momentum remains strong: the stock is approaching a potential 10-month winning streak, a pattern last seen in 2013, while the refining ETF CRAK has posted substantial gains this year. Marathon Petroleum stock 10-month winning streak
• Neutral Sentiment: DBS reiterated a Hold rating, suggesting the firm sees balanced upside and downside after MPC’s substantial rally. DBS Keeps Their Hold Rating on Marathon Petroleum
• Negative Sentiment: Investors are questioning whether MPC’s share price still reflects reasonable intrinsic value based on future cash flow after an approximately sevenfold five-year return. This raises the risk that valuation, rather than fundamentals, could weigh on the stock. Can Marathon Petroleum Still Justify Its Price On Cash Flow?

Marathon Petroleum Trading Up 1.6%

Marathon Petroleum stock opened at $484.44 on Thursday. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $485.22. 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 firm has a market capitalization of $141.43 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.15 and a beta of 0.54. The firm has a 50-day moving average price of $390.48 and a two-hundred day moving average price of $306.16.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. The company had revenue of $51.99 billion for 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%. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.96 earnings per share. Sell-side analysts expect that Marathon Petroleum Corporation will post 61.17 earnings per share for the current 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%.

About Marathon Petroleum

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.