18,271 Marathon Petroleum Corporation $MPC Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,809 shares of the oil and gas company’s stock after acquiring an additional 18,271 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Marathon Petroleum were worth $257,343,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Marathon Petroleum in the second quarter valued at approximately $6,648,958,000. Bank of New York Mellon Corp purchased a new stake in Marathon Petroleum during the 2nd quarter worth approximately $1,029,611,000. Bank of America Corp DE lifted its holdings in Marathon Petroleum by 1.6% during the 1st quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock worth $633,668,000 after buying an additional 40,124 shares in the last quarter. Amundi lifted its holdings in Marathon Petroleum by 17.5% during the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock worth $572,172,000 after buying an additional 332,551 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marathon Petroleum by 16.7% in the 2nd 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 valued at $385,675,000 after buying an additional 215,686 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 2.9%

Shares of Marathon Petroleum stock opened at $444.92 on Friday. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $493.98. The company has a 50 day moving average of $417.80 and a 200 day moving average of $289.77. 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 company has a market capitalization of $129.89 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.12 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last posted 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 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 analysts’ expectations of $40.87 billion. During the same quarter in the previous year, the business posted $3.96 EPS. The firm’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 company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. Marathon Petroleum’s payout ratio is presently 13.75%.

Insider Buying and Selling

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of the firm’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 sale, the vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MPC. Jefferies Financial Group restated a “hold” rating and issued a $433.00 price target on shares of Marathon Petroleum in a research note on Sunday, October 11th. Raymond James Financial increased their price objective on Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Barclays lifted their target price on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $400.00 to $560.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Finally, Evercore set a $330.00 price target on Marathon Petroleum in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $424.31.

Key Marathon Petroleum News

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

• Positive Sentiment: Dividend raised 10%: Marathon Petroleum increased its quarterly dividend from $1.00 to $1.10 per share, payable December 10 to shareholders of record November 18. The increase signals confidence in cash generation and strengthens the stock’s shareholder-return appeal. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: Positive pre-earnings expectations: Analysts and financial commentary describe MPC as a potentially attractive value and momentum stock ahead of its November 3 results. Investors are watching whether refining profitability, revenue and other operating metrics can exceed elevated expectations. This Is Why MPC Stock Is a Smart Buy Before Q3 Earnings Release
• Positive Sentiment: Strong momentum and valuation support: Zacks identifies MPC as a strong momentum stock, while other coverage highlights its growth potential and comparatively attractive PEG-based valuation. These signals may be encouraging additional buying interest. Here’s Why Marathon Petroleum Is a Strong Momentum Stock
• Neutral Sentiment: Board appointment: David E. Constable will join MPC’s board effective March 1, 2027. The appointment could add strategic or governance expertise, but its near-term earnings impact is unclear. David Constable to Join Marathon Petroleum Board
• Negative Sentiment: Profit-taking and earnings risks: ETFs were net sellers of MPC, while commentary warns that pressured refining margins and gasoline markets could disappoint after the stock’s substantial rally. Even a quarterly earnings beat may trigger selling if results or guidance fail to exceed high expectations. Marathon Petroleum’s November 3 Earnings Red Flags

About Marathon Petroleum

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.