Marathon Petroleum Corporation $MPC Stock Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 22.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,125 shares of the oil and gas company’s stock after selling 2,859 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $4,004,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. Solstein Capital LLC bought a new position in Marathon Petroleum during the 2nd quarter valued at about $26,000. Caitlin John LLC acquired a new position in Marathon Petroleum in the second quarter valued at about $26,000. Bell Investment Advisors Inc acquired a new position in Marathon Petroleum in the second quarter valued at about $27,000. Main Street Group LTD bought a new stake in Marathon Petroleum during the first quarter worth about $35,000. Finally, Cetera Trust Company N.A bought a new stake in Marathon Petroleum during the second quarter worth about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MPC shares. UBS Group set a $510.00 target price on shares of Marathon Petroleum in a research note on Friday, October 9th. Mizuho boosted their target price on Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Morgan Stanley increased their price target on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a report on Monday, September 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $433.00 price objective on shares of Marathon Petroleum in a research report on Sunday, October 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $424.31.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of the company’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 directly owned 1,576 shares in the company, valued at approximately $571,757.04. This represents a 26.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,691 shares of company stock valued at $7,780,127 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Up 2.8%

Shares of NYSE:MPC opened at $470.02 on Tuesday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98. The company’s 50-day moving average price is $409.37 and its two-hundred day moving average price is $283.02. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market cap of $137.22 billion, a P/E ratio of 16.16, a P/E/G ratio of 0.12 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping 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 company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the firm posted $3.96 earnings per share. The company’s revenue was up 53.5% on a year-over-year basis. As a group, research analysts forecast that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid 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 of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is 13.75%.

Key Marathon Petroleum News

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

• Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
• Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
• Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
• Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
• Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.