Marathon Petroleum Corporation $MPC Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 471.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,705 shares of the oil and gas company’s stock after purchasing an additional 15,429 shares during the period. Sax Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $7,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised its holdings in Marathon Petroleum by 1.0% during 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. Capstone Financial Advisors Inc. raised its holdings in shares of Marathon Petroleum by 1.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,938 shares of the oil and gas company’s stock valued at $495,000 after acquiring an additional 34 shares during the period. Eastern Bank lifted its position in shares of Marathon Petroleum by 2.1% in the 3rd quarter. Eastern Bank now owns 1,936 shares of the oil and gas company’s stock valued at $766,000 after acquiring an additional 39 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Marathon Petroleum by 3.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 40 shares during the period. Finally, Equitable Trust Co. grew its position in Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum News Summary

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

• Positive Sentiment: Barclays raised its price target to $488 and maintained an “overweight” rating. The new target implies additional upside from the reported trading level and represents a significant increase from its prior $321 target, supporting investor confidence in MPC’s earnings outlook.
• Positive Sentiment: Momentum remains a major catalyst. MPC is approaching a potential 10-month winning streak, a pattern last seen in 2013. The strength is consistent with broader energy-market momentum, with the CRAK refining ETF reportedly up about 77% this year. Marathon Petroleum Nears 10-Month Winning Streak Last Seen in 2013
• Positive Sentiment: Value-oriented research continues to favor MPC. Zacks listed Marathon Petroleum among stocks with attractive PEG ratios and growth potential, while additional coverage identified MPC as a compelling growth-at-a-reasonable-price and momentum candidate. These screens may attract both value and momentum investors. 4 Value Stocks to Buy Using the PEG Ratio for Better Returns Marathon Petroleum Is a Great Momentum Stock
• Neutral Sentiment: No new company-specific operating results were reported. The latest supplied fundamental data showed MPC exceeding quarterly earnings and revenue expectations, but the current coverage primarily reiterates valuation and momentum themes rather than introducing new financial guidance.
• Negative Sentiment: A proposed Russian diesel arrangement could pressure refiners if it lowers diesel prices and crack spreads. Cheaper diesel may benefit consumers, but reduced refined-product pricing could weaken MPC’s profitability. The deal’s political uncertainty also adds risk to the market outlook. Proposed Russian Diesel Deal Could Have Unintended Consequences

Insider Activity

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president owned 1,576 shares in the company, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shawn M. Lyon sold 1,000 shares of the firm’s stock in a transaction dated 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 approximately $4,206,145.50. This represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Marathon Petroleum in a report on Friday, October 2nd. Jefferies Financial Group restated a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a research report on Sunday. Piper Sandler increased their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Finally, Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $359.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. 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’s stock. According to data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.38.

Marathon Petroleum Stock Up 2.7%

Shares of NYSE:MPC traded up $12.21 on Tuesday, reaching $471.02. The company had a trading volume of 652,009 shares, compared to its average volume of 2,483,226. The stock has a market capitalization of $137.51 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.14 and a beta of 0.54. 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 50-day moving average price of $383.45 and a 200 day moving average price of $302.84. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $473.33.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period in the previous year, the company posted $3.96 earnings per share. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Corporation will post 61.46 EPS for the current 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 given 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 0.8%. Marathon Petroleum’s dividend payout ratio is 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.