Marathon Petroleum Corporation $MPC Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 94.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,441 shares of the oil and gas company’s stock after selling 24,171 shares during the quarter. Curated Wealth Partners LLC’s holdings in Marathon Petroleum were worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MPC. Focus Financial Network Inc. boosted its stake in shares of Marathon Petroleum by 2.0% in the third quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock worth $422,000 after buying an additional 21 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of 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 purchasing an additional 22 shares during the period. Capstone Financial Advisors Inc. increased its holdings in shares of Marathon Petroleum by 1.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,938 shares of the oil and gas company’s stock valued at $495,000 after purchasing an additional 34 shares in the last quarter. Eastern Bank increased its holdings in shares of Marathon Petroleum by 2.1% during the 3rd quarter. Eastern Bank now owns 1,936 shares of the oil and gas company’s stock valued at $766,000 after purchasing an additional 39 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Marathon Petroleum by 3.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock worth $329,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Shawn Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Up 0.3%

MPC stock opened at $478.38 on Friday. The stock has a market capitalization of $139.66 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.14 and a beta of 0.54. The firm has a 50-day simple moving average of $397.65 and a 200-day simple moving average of $308.94. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $485.22.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the company posted $3.96 EPS. Marathon Petroleum’s quarterly revenue was up 53.5% compared to the same quarter last year. Equities analysts forecast that Marathon Petroleum Corporation will post 62.78 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Analyst Ratings Changes

A number of research firms have recently commented on MPC. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Bank of America increased their price target on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Morgan Stanley boosted their price objective on Marathon Petroleum from $265.00 to $453.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Finally, Evercore set a $330.00 target price on Marathon Petroleum in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned 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 $417.88.

Marathon Petroleum News Summary

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

• Positive Sentiment: Wells Fargo issued a Buy rating on MPC, adding to the positive analyst sentiment surrounding the refiner. Wells Fargo Issues a Buy Rating on Marathon Petroleum
• Positive Sentiment: Analysts raised their estimated fair value for Marathon Petroleum to approximately $433.44 from $375.50, citing improved refining assumptions and stronger anticipated margins and crack spreads. Marathon Petroleum Stock Gets Fair Value Boost
• Positive Sentiment: Citigroup projected significant potential appreciation for MPC, while a separate report noted the stock reached a new 12-month high following an analyst upgrade. These developments reinforce the bullish view on refining profitability. Citigroup Forecasts Strong Price Appreciation Marathon Petroleum Sets New 12-Month High
• Positive Sentiment: Coverage describes MPC as a potential hedge against diesel-related weakness, with its scale and refining exposure benefiting if industry margins remain firm. Marathon Petroleum: A Solid Hedge Vs. Diesel’s Damage
• Neutral Sentiment: Although MPC and Delek US reported stronger earnings as refining margins improved, analysts favored Delek because of its lower valuation and stronger earnings-estimate revisions. Marathon vs. Delek US
• Negative Sentiment: The stock’s decline while the market advanced highlights near-term relative weakness. Investors may also be questioning whether MPC’s large multiyear gain and current valuation already reflect much of the expected cash-flow and refining-margin improvement. Marathon Petroleum Stock Declines While Market Improves

Marathon Petroleum Company 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.