Tactive Advisors LLC Purchases 1,816 Shares of Marathon Petroleum Corporation $MPC

Tactive Advisors LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,816 shares of the oil and gas company’s stock, valued at approximately $718,000.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Marathon Petroleum in the 2nd quarter worth $6,648,958,000. Bank of New York Mellon Corp bought a new position in Marathon Petroleum in the second quarter valued at $1,029,611,000. Bank of America Corp DE increased its stake in Marathon Petroleum by 1.6% in the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock valued at $633,668,000 after acquiring an additional 40,124 shares during the last quarter. Amundi raised its position in Marathon Petroleum by 17.5% during the second quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock valued at $572,172,000 after purchasing an additional 332,551 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Marathon Petroleum by 16.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock worth $385,675,000 after purchasing an additional 215,686 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly Benson sold 17,196 shares of the stock in a transaction 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 completion of the transaction, the insider owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shawn Lyon sold 1,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. This represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,691 shares of company stock valued at $7,780,127 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 5.0%

Shares of MPC stock traded up $21.91 during trading hours on Thursday, reaching $464.17. The company’s stock had a trading volume of 1,489,374 shares, compared to its average volume of 2,493,403. 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 Corporation has a one year low of $161.93 and a one year high of $467.85. The stock has a market capitalization of $135.51 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.13 and a beta of 0.54. The firm’s fifty day simple moving average is $374.68 and its 200 day simple moving average is $298.14.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the firm posted $3.96 earnings per share. The firm’s revenue was up 53.5% on a year-over-year basis. Equities research analysts expect that Marathon Petroleum Corporation will post 61.31 EPS for the current year.

Marathon Petroleum Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on MPC. Morgan Stanley raised their price objective on Marathon Petroleum from $265.00 to $453.00 and gave the company an “overweight” rating in a report on Monday, September 14th. UBS Group reissued a “buy” rating on shares of Marathon Petroleum in a research note on Thursday, October 1st. Evercore set a $330.00 price objective on shares of Marathon Petroleum in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $413.00 target price on shares of Marathon Petroleum in a research report on Monday, September 21st. Finally, Bank of America boosted their price target on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.94.

Key Marathon Petroleum News

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

• Positive Sentiment: Refining-margin tailwinds remain strong. Rising gasoline and diesel crack spreads, particularly amid below-normal distillate inventories on the East Coast, are supporting expectations for stronger refinery profitability. MPC has significant earnings sensitivity to changes in blended crack spreads. Marathon Petroleum gains as refining-margin tailwinds stay strong
• Positive Sentiment: Buyback capacity adds support. Marathon Petroleum ended the second quarter with approximately $6.1 billion remaining under its share-repurchase authorization. Strong operating cash flow could enable additional buybacks if refining conditions remain favorable.
• Positive Sentiment: Operational and strategic catalysts are attracting attention. MPC is targeting roughly 3 million barrels per day of throughput and is advancing projects aimed at increasing jet-fuel and specialty-gasoline production. Its integrated refining and midstream network may benefit while global capacity and fuel inventories remain tight. MPC Targets 3M Barrels per day in Q3
• Neutral Sentiment: Mizuho raised its price target but retained a neutral rating. The target increased from $304 to $457, near the stock’s current trading level, suggesting the analyst sees limited additional upside based on its valuation framework.
• Neutral Sentiment: Institutional positioning is mixed. Some large investors, including JPMorgan and BlackRock, added MPC shares, while Wellington Management, Boston Partners and Harris Associates reduced holdings. This indicates differing views after the stock’s substantial advance.
• Negative Sentiment: Insider selling is a cautionary signal. MPC insiders reported 10 open-market sales and no purchases during the past six months. Recent sellers included executives from legal, refining, logistics and finance functions.
• Negative Sentiment: Valuation expectations may be stretched. Several older analyst targets remain well below the current share price, creating potential profit-taking or downgrade risk if refining margins weaken or fuel inventories normalize.

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.