2,200 Shares of Marathon Petroleum Corporation $MPC Acquired by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, HoldingsChannel reports. The firm bought 2,200 shares of the oil and gas company’s stock, valued at approximately $870,000.

Other large investors also recently modified their holdings of the company. Focus Financial Network Inc. raised its position in Marathon Petroleum by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock valued at $422,000 after purchasing an additional 21 shares during the last quarter. CRA Financial Services LLC lifted its holdings in Marathon Petroleum by 1.2% in the 3rd quarter. CRA Financial Services LLC now owns 1,844 shares of the oil and gas company’s stock worth $729,000 after buying an additional 21 shares during the period. Avior Wealth Management LLC lifted its holdings in Marathon Petroleum by 1.0% in the 3rd quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock worth $842,000 after buying an additional 22 shares during the period. Physician Wealth Advisors Inc. grew its position in shares of Marathon Petroleum by 7.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $125,000 after buying an additional 23 shares during the last quarter. Finally, LexAurum Advisors LLC increased its stake in shares of Marathon Petroleum by 2.6% during the third quarter. LexAurum Advisors LLC now owns 930 shares of the oil and gas company’s stock valued at $368,000 after buying an additional 24 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $470.02 on Tuesday. The firm’s 50 day moving average price is $409.37 and its 200-day moving average price is $283.02. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98. 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 stock has a market capitalization of $137.22 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.12 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.96 earnings per share. Equities research analysts expect that Marathon Petroleum Corporation will post 64.12 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced 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 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho raised their target price on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Bank of America lifted their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Zacks Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $400.00 to $560.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Finally, Piper Sandler raised their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $424.31.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly Benson sold 17,196 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider owned 30,334 shares in the company, valued at approximately $10,876,862.38. This trade represents a 36.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shawn Lyon sold 1,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 11,194 shares of the company’s stock, valued at $4,206,145.50. The trade was a 8.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
• Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
• Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
• Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
• Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.