Bank of New York Mellon Corp Sells 737,691 Shares of Marathon Petroleum Corporation $MPC

Bank of New York Mellon Corp cut its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,411,214 shares of the oil and gas company’s stock after selling 737,691 shares during the period. Bank of New York Mellon Corp’s holdings in Marathon Petroleum were worth $717,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MPC. Brighton Jones LLC grew its holdings in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares during the period. Woodline Partners LP lifted its position in shares of Marathon Petroleum by 38.3% during the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after acquiring an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 466 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $8,505,000. Finally, AXA S.A. lifted its holdings in Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after purchasing an additional 12,639 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

More Marathon Petroleum News

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

• Positive Sentiment: MPC was highlighted in a Zacks “Strong Buy” growth stock list, which can attract momentum and growth-oriented buyers. Best Growth Stocks to Buy for June 3rd
• Positive Sentiment: Analysts and market commentary are focusing on Marathon’s West Coast refining assets as California fuel supply remains tight, suggesting a potential earnings tailwind if regional crack spreads stay strong. Can MPC’s West Coast Assets Become a Bigger Earnings Driver?
• Positive Sentiment: Broader energy-market strength is supporting refiners like MPC, as crude prices rebound and refined-product markets tighten amid renewed Middle East supply concerns, which can improve refining margins. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: Marathon Petroleum was recognized for top safety performance at AFPM awards, a positive operating headline but not an immediate earnings catalyst. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: The stock has already had a strong multi-month run, so some investors may be weighing valuation after sizable gains even as fundamentals remain supportive. Marathon Petroleum (MPC) Valuation Check After Strong Multi‑Month Share Price Gains

Insider Activity

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the sale, the insider owned 7,525 shares in the company, valued at $1,717,054.50. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 4,473 shares of company stock valued at $1,015,428 in the last quarter. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 1.6%

Shares of MPC stock opened at $267.33 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. Marathon Petroleum Corporation has a 52-week low of $155.93 and a 52-week high of $272.46. The company has a market capitalization of $78.04 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.42 and a beta of 0.52. The business’s fifty day moving average is $242.03 and its 200 day moving average is $209.17.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the business posted ($0.24) earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Mizuho lifted their target price on Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Piper Sandler lifted their target price on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Citigroup lifted their target price on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $268.50.

Marathon Petroleum Company 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.