Engineers Gate Manager LP Buys 104,468 Shares of Marathon Petroleum Corporation $MPC

Engineers Gate Manager LP raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 495.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 125,559 shares of the oil and gas company’s stock after buying an additional 104,468 shares during the quarter. Engineers Gate Manager LP’s holdings in Marathon Petroleum were worth $20,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capitolis Liquid Global Markets LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter worth $1,610,000. Corigliano Investment Advisers LLC purchased a new position in Marathon Petroleum in the fourth quarter worth about $12,392,000. Cobalt Capital Management Inc. bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $6,505,000. Asset One Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $3,056,000. Finally, BNB Wealth Management LLC bought a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $373,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing a bullish growth outlook for the refining company. Best Growth Stocks to Buy for June 16th
• Positive Sentiment: Wells Fargo reaffirmed its Buy rating on Marathon Petroleum, which can help support investor confidence in the stock. Wells Fargo Reaffirms Their Buy Rating on Marathon Petroleum (MPC)
• Positive Sentiment: One recent analysis said MPC may still be undervalued despite its strong multi-month performance, suggesting upside remains if fundamentals hold up. Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
• Neutral Sentiment: Marathon Petroleum announced it will report second-quarter 2026 financial results on August 4, giving investors a future catalyst but no immediate operational surprise. Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 4, 2026
• Neutral Sentiment: Recent coverage comparing MPC with Delek and reviewing its move alongside the energy sector did not include a company-specific catalyst, but it reflects ongoing investor focus on refining peers and sector trends. Delek vs. Marathon Petroleum: Which Stock Offers Better Refining Bet?
• Negative Sentiment: The stock has recently pulled back more than the broader market, which appears to be weighing on near-term trading despite the longer-term bullish backdrop. Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Coverage noted that MPC is facing a new oil-market backdrop as the Strait of Hormuz reopens, which could reduce the urgency of the geopolitical supply concerns that had supported energy names. Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

Insider Activity at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research reports. Bank of America raised their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Jefferies Financial Group increased their price target on shares of Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup boosted their price objective on shares of Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Finally, The Goldman Sachs Group lifted their target price on Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $272.94.

Marathon Petroleum Price Performance

NYSE:MPC opened at $244.63 on Thursday. The stock has a market cap of $71.42 billion, a PE ratio of 15.97, a P/E/G ratio of 0.38 and a beta of 0.52. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The business’s 50-day simple moving average is $244.99 and its two-hundred day simple moving average is $213.77. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $272.46.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned ($0.24) EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, analysts forecast that Marathon Petroleum Corporation will post 31.95 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

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.