Marathon Petroleum Corporation $MPC Stake Boosted by Capital Wealth Planning LLC

Capital Wealth Planning LLC boosted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 49,392.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,498,124 shares of the oil and gas company’s stock after buying an additional 1,495,097 shares during the period. Marathon Petroleum accounts for approximately 1.6% of Capital Wealth Planning LLC’s investment portfolio, making the stock its 24th largest holding. Capital Wealth Planning LLC’s holdings in Marathon Petroleum were worth $245,157,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new position in shares of Marathon Petroleum during the third quarter valued at $2,891,000. Diversified Trust Co. increased its holdings in shares of Marathon Petroleum by 39.3% during the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after purchasing an additional 4,419 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Marathon Petroleum during the third quarter valued at $1,004,000. USA Financial Formulas acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $791,000. Finally, KKM Financial LLC increased its holdings in shares of Marathon Petroleum by 27.6% during the third quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock valued at $5,050,000 after purchasing an additional 5,661 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Raymond James raised its price target on Marathon Petroleum to $300 from $285 and kept an outperform rating, signaling additional upside potential for MPC. Raymond James raises price target on Marathon Petroleum to 300 from 285
• Positive Sentiment: MPC was included on Zacks’ list of top growth and momentum stocks, reflecting strong earnings trends, favorable price action, and upbeat growth forecasts. Best Growth Stocks to Buy for June 10th
• Positive Sentiment: Analysts highlighted Marathon Petroleum as a beneficiary of tight fuel supply and strong refining margins, with one article noting MPC has rallied sharply over the past six months and still offers further upside. 2 Refining Stocks With 35%+ Upside in 6 Months Despite High Oil Prices
• Positive Sentiment: Marathon Petroleum’s strong recent earnings beat and dividend support continue to underpin investor confidence, with the company recently paying a $1.00 quarterly dividend. MarketBeat Marathon Petroleum stock page
• Neutral Sentiment: There was also an insider sale disclosed for VP Michael Henschen II, which may draw attention but does not necessarily change the company’s fundamentals. Marathon Petroleum VP Michael Henschen II Sells 6,336 Shares

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPC. Piper Sandler raised their price target on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. TD Cowen raised their price target on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Citigroup raised their price target on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Bank of America raised their price target on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, Barclays lifted their target price on Marathon Petroleum from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $270.38.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the transaction, the insider owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $263.51 on Thursday. The business’s 50-day moving average price is $243.74 and its 200 day moving average price is $211.55. The firm has a market cap of $76.93 billion, a P/E ratio of 17.20, a PEG ratio of 0.41 and a beta of 0.52. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $272.46. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.Marathon Petroleum’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) earnings per share. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Marathon Petroleum Profile

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.