Cerity Partners LLC Grows Holdings in Marathon Petroleum Corporation $MPC

Cerity Partners LLC increased its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 7.1% in the 3rd quarter, Holdings Channel reports. The fund owned 193,425 shares of the oil and gas company’s stock after buying an additional 12,788 shares during the quarter. Cerity Partners LLC’s holdings in Marathon Petroleum were worth $37,281,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in shares of Marathon Petroleum by 2.6% during the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 59 shares during the last quarter. Greenleaf Trust increased its position in Marathon Petroleum by 2.2% during the 3rd quarter. Greenleaf Trust now owns 10,048 shares of the oil and gas company’s stock valued at $1,937,000 after buying an additional 221 shares in the last quarter. Bryant Woods Investment Advisors LLC purchased a new position in Marathon Petroleum during the third quarter valued at $224,000. Robeco Institutional Asset Management B.V. boosted its holdings in Marathon Petroleum by 3.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 133,919 shares of the oil and gas company’s stock worth $25,812,000 after acquiring an additional 4,442 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Marathon Petroleum by 3.4% in the third quarter. CWA Asset Management Group LLC now owns 3,418 shares of the oil and gas company’s stock worth $659,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Mizuho set a $196.00 target price on shares of Marathon Petroleum in a report on Friday, December 12th. Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Monday. UBS Group raised their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Raymond James Financial lowered their price objective on Marathon Petroleum from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.71.

Marathon Petroleum Price Performance

NYSE MPC opened at $177.18 on Friday. The stock has a market capitalization of $53.26 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.65 and a beta of 0.74. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The business’s fifty day moving average price is $183.53 and its 200-day moving average price is $180.17.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The company had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. On average, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s payout ratio is currently 42.64%.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Marathon said it will bid for Venezuelan crude, signaling potential access to additional feedstock that could boost refinery margins and utilization. US refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil
• Positive Sentiment: President Trump is meeting with Chevron and other oil companies to discuss rebuilding Venezuela’s oil industry — a policy push that could open commercial opportunities for U.S. refiners like Marathon. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Zacks Research upgraded Marathon from “hold” to “strong-buy,” which can attract momentum flows and supportive investor sentiment ahead of earnings. Zacks Research upgrade
• Neutral Sentiment: U.S. Treasury Secretary Scott Bessent said the largest oil companies may move cautiously on Venezuela, suggesting big, rapid investment is uncertain — this tempers how quickly benefits reach majors. Bessent says largest oil companies are likely move slower in Venezuela
• Neutral Sentiment: Analyst and media pieces (Zacks, Yahoo, Investopedia) note heightened investor interest and model projections ahead of Marathon’s Q4 earnings; these items may sustain trading volume but are informational rather than catalytic. How Investors Are Reacting To Marathon Petroleum (MPC) Expanding Venezuelan Crude Runs Ahead of Earnings
• Negative Sentiment: Reports say U.S. oil companies want “serious guarantees” from Washington before making large Venezuela investments — this raises political and commercial risk that could delay returns. US oil companies say they need guarantees to invest in Venezuela, FT reports
• Negative Sentiment: Local regulatory issues such as public review of an El Paso refinery air permit can create potential operational or permitting delays for refinery projects. Public can give views on El Paso refinery air permit at TCEQ meeting

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.