1,999 Marathon Petroleum Corporation $MPC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,664 shares of the oil and gas company’s stock after selling 1,999 shares during the quarter. State of Alaska Department of Revenue’s holdings in Marathon Petroleum were worth $15,683,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MPC. Solstein Capital LLC acquired a new position in Marathon Petroleum during the second quarter worth $26,000. Caitlin John LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $27,000. Cetera Trust Company N.A acquired a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $35,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of the business’s 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 directly owned 30,334 shares in the company, valued at $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the vice president owned 1,576 shares in the company, valued at $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,691 shares of company stock worth $7,780,127 in the last three months. 0.17% of the stock is owned by company insiders.

Key Marathon Petroleum News

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

• Positive Sentiment: Wells Fargo issued a Buy rating on MPC, adding to the favorable analyst sentiment surrounding the refiner. Wells Fargo Issues a Buy Rating on Marathon Petroleum
• Positive Sentiment: Analysts raised Marathon Petroleum’s estimated fair value from approximately $375.50 to $433.44, citing stronger refining assumptions, margins and crack spreads. Marathon Petroleum Stock Gets Fair Value Boost
• Positive Sentiment: Barclays increased its price target to $488, while Citigroup lifted its target dramatically to $518, reinforcing expectations for continued earnings or valuation support. Barclays Raises Marathon Petroleum Stock Target
• Positive Sentiment: MPC is being highlighted as a relatively low-volatility energy stock that could appeal to investors seeking resilience amid elevated oil prices and Middle East-related market risks. Stay Ahead of Market Swings With BP, PBF, VLO and MPC
• Neutral Sentiment: The shares recently established a new 12-month high following analyst upgrades, reflecting strong momentum but also increasing sensitivity to profit-taking. Marathon Petroleum Sets New 12-Month High
• Negative Sentiment: Valuation analysts are questioning whether MPC’s current price can be justified by future cash flow after the stock delivered roughly a sevenfold five-year return. Can Marathon Petroleum Still Justify Its Price on Cash Flow?
• Negative Sentiment: Despite Citi’s higher target, its rating remains Neutral, and DBS continues to rate MPC Hold, highlighting disagreement over how much upside remains.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPC shares. Bank of America raised their price objective on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Evercore set a $330.00 price target on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Citigroup upped their price objective on Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Marathon Petroleum from $400.00 to $560.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $417.88.

Marathon Petroleum Trading Down 1.9%

NYSE:MPC traded down $9.30 during trading hours on Thursday, reaching $475.62. 1,013,226 shares of the stock were exchanged, compared to its average volume of 2,476,056. 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 business has a 50-day moving average of $390.48 and a two-hundred day moving average of $306.16. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $485.22. The company has a market capitalization of $138.85 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.15 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last released its quarterly 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 during the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the business posted $3.96 earnings per share. The company’s quarterly revenue was up 53.5% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post 61.17 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

About Marathon Petroleum

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.