5,850 Marathon Petroleum Corporation $MPC Shares Purchased by Courier Capital LLC

Courier Capital LLC increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 100.0% during the third quarter, HoldingsChannel reports. The firm owned 11,700 shares of the oil and gas company’s stock after buying an additional 5,850 shares during the period. Courier Capital LLC’s holdings in Marathon Petroleum were worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. McCollum Christoferson Group LLC bought a new position in Marathon Petroleum during the 3rd quarter valued at about $277,000. Sax Wealth Advisors LLC grew its stake in shares of Marathon Petroleum by 471.0% in the third quarter. Sax Wealth Advisors LLC now owns 18,705 shares of the oil and gas company’s stock worth $7,396,000 after acquiring an additional 15,429 shares during the period. Refined Wealth Management grew its stake in shares of Marathon Petroleum by 0.8% in the third quarter. Refined Wealth Management now owns 24,415 shares of the oil and gas company’s stock worth $9,654,000 after acquiring an additional 191 shares during the period. Fragasso Financial Advisors Inc purchased a new position in shares of Marathon Petroleum during the third quarter valued at approximately $310,000. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Marathon Petroleum by 2.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,997 shares of the oil and gas company’s stock valued at $2,371,000 after purchasing an additional 139 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of NYSE MPC traded up $18.70 during midday trading on Tuesday, hitting $477.50. 1,643,831 shares of the company’s stock traded hands, compared to its average volume of 2,488,469. The firm has a fifty day moving average of $383.45 and a 200 day moving average of $302.84. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $477.73. 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 stock has a market capitalization of $139.40 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.14 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. On average, analysts forecast that Marathon Petroleum Corporation will post 61.46 earnings per share for the current year.

Marathon Petroleum Announces Dividend

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

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Barclays raised its price target on Marathon Petroleum from $321 to $488 and maintained an “overweight” rating. Although the new target implies limited near-term upside, the bullish rating reinforces confidence in MPC’s earnings and refining outlook.
• Positive Sentiment: Momentum remains unusually strong: MPC is approaching a 10-month winning streak, a pattern last seen in 2013. The rally reflects broad strength across refining stocks, with the CRAK refining ETF also posting significant gains this year. Marathon Petroleum Nears 10-Month Winning Streak Last Seen in 2013
• Positive Sentiment: Value and growth screens continue to favor MPC. Zacks highlighted the company’s attractive PEG ratio, rising earnings expectations and combination of value and growth characteristics. Its recent quarterly results also showed substantially higher revenue and earnings than a year earlier.
• Neutral Sentiment: Citigroup raised its price target from $318 to $518 but retained a “neutral” rating. The increase acknowledges MPC’s improved outlook, while the unchanged rating suggests the recent rally may already reflect much of the expected upside.
• Neutral Sentiment: DBS maintained its “hold” rating on Marathon Petroleum, indicating that the firm sees balanced risk and reward at the current valuation. DBS Keeps Their Hold Rating on Marathon Petroleum
• Negative Sentiment: A proposed Russian diesel arrangement could create uncertainty for MPC. If additional diesel supplies ease fuel prices, increased competition or weaker diesel margins could weigh on U.S. refiners, although the deal’s implementation and market impact remain uncertain. Proposed Russian Diesel Deal and Potential Market Consequences

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Barclays increased 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. Mizuho boosted their target price on shares of Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Piper Sandler increased their price target on Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Morgan Stanley raised their price target on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. Finally, TD Cowen lifted their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $407.88.

Insiders Place Their Bets

In other news, SVP Shawn Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction 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 owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction 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 directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 21,691 shares of company stock worth $7,780,127. Company insiders own 0.17% of the company’s stock.

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.