KG Capital Management Makes New Investment in Marathon Petroleum Corporation $MPC

KG Capital Management bought a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,105 shares of the oil and gas company’s stock, valued at approximately $437,000.

Other institutional investors have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Marathon Petroleum by 7.2% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,708 shares of the oil and gas company’s stock valued at $1,071,000 after acquiring an additional 182 shares in the last quarter. VMS Asset Management Limited bought a new position in shares of Marathon Petroleum in the third quarter worth about $1,395,000. B.A. Schrock Wealth Management Inc. purchased a new stake in shares of Marathon Petroleum during the third quarter worth about $862,000. Fortitude Family Office LLC grew its position in shares of Marathon Petroleum by 161.6% during the third quarter. Fortitude Family Office LLC now owns 866 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 535 shares in the last quarter. Finally, Harbor Group Inc. purchased a new stake in shares of Marathon Petroleum during the third quarter worth about $289,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MPC. Raymond James Financial boosted their price target on Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. 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 report on Monday, September 21st. Bank of America increased their price objective on shares of Marathon Petroleum from $410.00 to $426.00 and gave the company a “neutral” rating in a report on Friday, October 2nd. Barclays lifted their price objective on shares of Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Mizuho boosted their target price on shares of Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. One research 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 data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $417.88.

Trending Headlines about 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?

Insider Activity at Marathon Petroleum

In related news, SVP Shawn Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Molly Benson sold 17,196 shares of Marathon Petroleum stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the transaction, the insider owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,691 shares of company stock valued at $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 1.6%

MPC stock opened at $484.44 on Thursday. The firm has a fifty day moving average price of $390.48 and a 200 day moving average price of $306.16. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $485.22. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a market cap of $141.43 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last announced 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. The company had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. Marathon Petroleum’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.96 earnings per share. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 61.17 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.8%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Marathon Petroleum 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, 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.