Proficio Capital Partners LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Proficio Capital Partners LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,860 shares of the oil and gas company’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter valued at approximately $6,648,958,000. Bank of New York Mellon Corp purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at approximately $1,029,611,000. Norges Bank acquired a new stake in Marathon Petroleum in the 4th quarter valued at $472,312,000. Bank of America Corp DE purchased a new stake in Marathon Petroleum in the 2nd quarter worth $621,832,000. Finally, Capital Wealth Planning LLC increased its holdings in Marathon Petroleum by 49,392.0% in the 4th quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock worth $245,157,000 after acquiring an additional 1,495,097 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is currently owned by company insiders.

More Marathon Petroleum News

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

• Positive Sentiment: Refining peers’ results and analyst optimism boosted the sector. MPC gained as strong earnings from other refiners reinforced expectations for healthy fuel demand and profitability. Analysts also remain broadly constructive on the refining outlook, helping support investor sentiment. Why Marathon Petroleum Is Up After Refining Peers’ Earnings Strength and Analyst Optimism
• Positive Sentiment: A potential global fuel squeeze could benefit refiners. Goldman Sachs sees a major shift in oil markets, with tightening fuel supplies potentially creating another refining windfall. Geopolitical risks and disruptions near key shipping routes could further support product prices and refining margins, although these benefits may be cyclical. Goldman Sachs Sees Major Shift Coming for Oil Markets
• Positive Sentiment: Marathon’s latest financial performance remains a fundamental support. The company’s most recent quarter produced earnings per share of $17.73, well above the $14.27 consensus estimate, while revenue increased 53.5% year over year. MPC also maintains a quarterly dividend of $1.00 per share, with a reported payout ratio of 13.75%.
• Neutral Sentiment: Long-term returns highlight MPC’s investment appeal but are not a new operating catalyst. A review of a hypothetical investment made a decade ago emphasizes the potential rewards of holding successful energy stocks over long periods. If You Invested $1000 in Marathon Petroleum a Decade Ago
• Negative Sentiment: Several insiders sold shares near record levels. SVP Shawn Lyon sold 1,425 shares in two transactions for approximately $532,000, while VP and Controller Erin Brzezinski sold 570 shares for about $207,000. The sales reduced their holdings by 8.2% and 26.6%, respectively. The transactions may reflect personal financial decisions, but the cluster of selling could temper enthusiasm. MPC Insider Selling Reports

Analysts Set New Price Targets

Several research firms have issued reports on MPC. Mizuho increased their price objective on shares of Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Citigroup upped their price target on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Barclays raised their price target on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Bank of America boosted their price objective on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $315.06.

Marathon Petroleum Trading Up 1.1%

Shares of MPC stock opened at $387.12 on Thursday. The company’s 50-day moving average price is $316.89 and its 200-day moving average price is $264.35. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The stock has a market cap of $113.02 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.25 and a beta of 0.53. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $391.98.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the business earned $3.96 earnings per share. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

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.