Chapin Davis Inc. Acquires 37,477 Shares of Marathon Petroleum Corporation $MPC

Chapin Davis Inc. acquired a new position in Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 37,477 shares of the oil and gas company’s stock, valued at approximately $14,819,000. Marathon Petroleum accounts for approximately 3.0% of Chapin Davis Inc.’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capstone Financial Advisors Inc. lifted its stake in shares of Marathon Petroleum by 1.8% in the second quarter. Capstone Financial Advisors Inc. now owns 1,938 shares of the oil and gas company’s stock worth $495,000 after buying an additional 34 shares during the last quarter. Eastern Bank increased its stake in shares of Marathon Petroleum by 2.1% in the third quarter. Eastern Bank now owns 1,936 shares of the oil and gas company’s stock worth $766,000 after purchasing an additional 39 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 40 shares during the last quarter. Equitable Trust Co. boosted its stake in Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 42 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Marathon Petroleum by 0.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Marathon Petroleum in a research report on Thursday, October 1st. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $359.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. TD Cowen boosted their price target on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Mizuho raised their price objective on Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.94.

Marathon Petroleum Stock Up 4.8%

MPC opened at $463.56 on Friday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $467.85. The firm has a market cap of $135.33 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.14 and a beta of 0.54. The firm’s 50-day simple moving average is $377.66 and its 200-day simple moving average is $299.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the business earned $3.96 EPS. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Corporation will post 61.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

More Marathon Petroleum News

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

• Positive Sentiment: Refining-margin tailwinds remain the primary catalyst. Rising gasoline and diesel crack spreads, along with below-normal distillate inventories—particularly on the U.S. East Coast—are supporting expectations for stronger near-term refining earnings. MPC’s large refining footprint gives it significant sensitivity to higher margins. Marathon Petroleum gains as refining-margin tailwinds stay strong
• Positive Sentiment: Buyback capacity adds support. Marathon Petroleum reportedly had approximately $6.1 billion remaining under its share-repurchase authorization at the end of the second quarter. Strong operating cash flow could allow the company to return significant capital to shareholders if refining conditions persist.
• Positive Sentiment: Operational and strategic improvements are reinforcing the bullish view. Recent coverage highlights throughput near 3 million barrels per day, projects aimed at increasing jet-fuel and specialty-gasoline production, and benefits from MPC’s integrated refining and midstream network. These initiatives could help the company capture more value during periods of tight global refining capacity. Can Marathon Petroleum Turn High-Utilization Refining Wins Into a Durable Competitive Edge?
• Neutral Sentiment: Mizuho raised its price target substantially, but kept a neutral rating. The target increased from $304 to $457, roughly in line with the recently cited market price, suggesting that much of the favorable refining outlook may already be reflected in MPC shares.
• Neutral Sentiment: Institutional positioning is mixed. Several major investors, including JPMorgan, BlackRock and Sixth Street Partners, added shares, while Harris Associates, Wellington Management and Boston Partners reduced positions. Government awards, including naval distillate contracts, provide business activity but are not the main stock catalyst.
• Negative Sentiment: Insider and congressional selling could temper sentiment. MPC insiders reported no open-market purchases and 10 sales over the past six months, while members of Congress also reported selling. These transactions do not necessarily reflect company fundamentals, but they offer a potential cautionary signal after the stock’s strong run.

Insider Activity

In other Marathon Petroleum news, SVP Shawn Lyon sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the completion of the sale, the senior vice president owned 11,194 shares in the company, valued at approximately $4,206,145.50. This trade represents a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the transaction, the vice president directly owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. This represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum 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.