Sharkey Howes & Javer Purchases New Shares in Marathon Petroleum Corporation $MPC

Sharkey Howes & Javer acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,197 shares of the oil and gas company’s stock, valued at approximately $473,000.

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

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. TD Cowen raised their target price on Marathon Petroleum from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group set a $510.00 price target on Marathon Petroleum in a research note on Friday, October 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a research report on Sunday, October 11th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $424.31.

Marathon Petroleum News Roundup

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

• Positive Sentiment: TD Cowen raised its price target to $478 from $450, signaling continued confidence in Marathon Petroleum’s outlook and suggesting additional upside from recent trading levels. TD Cowen Adjusts Price Target on Marathon Petroleum to $478 From $450
• Positive Sentiment: Zacks added MPC to its Rank #1 (Strong Buy) growth-stocks list, reinforcing the bullish view on the company’s earnings and growth prospects. Best Growth Stocks to Buy for October 22nd
• Positive Sentiment: Strong U.S. fuel refining margins are supporting refinery profitability, keeping MPC in focus alongside Valero Energy and Phillips 66 and providing a favorable near-term earnings backdrop. U.S. Refiners Benefit From Strong Margins: Will Momentum Last?
• Neutral Sentiment: Supplier Cognite was named Marathon Petroleum’s Corporate Supplier of the Year. The recognition highlights supplier contributions but does not represent a material change to MPC’s financial outlook. Cognite Earns Corporate Supplier of the Year Award from Marathon Petroleum Corporation
• Negative Sentiment: Shares declined in the prior session despite a broader market uptick, suggesting some company-specific selling or profit-taking after the stock’s substantial advance. Marathon Petroleum Stock Falls Amid Market Uptick
• Negative Sentiment: Commentary warns that MPC has limited margin of safety at its elevated valuation and that refining profitability may face a ceiling if Middle East tensions mature or fade, potentially reducing exceptional margins. Marathon Petroleum Profitability Seems To Have A Ceiling

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $459.58 on Friday. The firm has a market capitalization of $134.17 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 0.12 and a beta of 0.54. The firm has a fifty day simple moving average of $408.02 and a two-hundred day simple moving average of $315.81. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the firm earned $3.96 earnings per share. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post 63.58 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.9%. Marathon Petroleum’s payout ratio is 13.75%.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. The trade was a 16.54% 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 worth $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Company 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.