Proficio Capital Partners LLC Invests $476,000 in Marathon Petroleum Corporation $MPC

Proficio Capital Partners LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,860 shares of the oil and gas company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPC. Energy Income Partners LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth about $4,912,000. Evolve Private Wealth LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $673,000. Railway Pension Investments Ltd purchased a new position in Marathon Petroleum in the second quarter worth approximately $3,886,000. Pictet Asset Management Holding SA grew its holdings in Marathon Petroleum by 31.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock worth $52,146,000 after acquiring an additional 50,521 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Marathon Petroleum by 570.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock valued at $41,180,000 after purchasing an additional 143,500 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. Barclays upped their price objective on Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Finally, Raymond James Financial raised their target price on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $315.06.

Marathon Petroleum Stock Performance

Shares of MPC opened at $387.12 on Thursday. The company’s 50 day simple moving average is $316.89 and its 200-day simple moving average is $264.35. The firm has a market cap of $113.02 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $391.98. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

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, topping analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. Marathon Petroleum’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.96 EPS. As a group, equities analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend 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 (DPR) is currently 13.75%.

Trending Headlines about Marathon Petroleum

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

About Marathon Petroleum

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.