Empyrean Capital Partners LP Has $70.99 Million Stock Holdings in Marathon Petroleum Corporation $MPC

Empyrean Capital Partners LP decreased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 22.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,500 shares of the oil and gas company’s stock after selling 126,000 shares during the period. Marathon Petroleum accounts for about 2.5% of Empyrean Capital Partners LP’s holdings, making the stock its 11th biggest holding. Empyrean Capital Partners LP’s holdings in Marathon Petroleum were worth $70,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Engineers Gate Manager LP increased its stake in shares of Marathon Petroleum by 495.3% in the fourth quarter. Engineers Gate Manager LP now owns 125,559 shares of the oil and gas company’s stock valued at $20,420,000 after buying an additional 104,468 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $1,610,000. Corigliano Investment Advisers LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $12,392,000. Cobalt Capital Management Inc. acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $6,505,000. Finally, Asset One Wealth Management LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $3,056,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Marathon Petroleum was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing a bullish growth outlook for the refining company. Best Growth Stocks to Buy for June 16th
• Positive Sentiment: Wells Fargo reaffirmed its Buy rating on Marathon Petroleum, which can help support investor confidence in the stock. Wells Fargo Reaffirms Their Buy Rating on Marathon Petroleum (MPC)
• Positive Sentiment: One recent analysis said MPC may still be undervalued despite its strong multi-month performance, suggesting upside remains if fundamentals hold up. Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
• Neutral Sentiment: Marathon Petroleum announced it will report second-quarter 2026 financial results on August 4, giving investors a future catalyst but no immediate operational surprise. Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 4, 2026
• Neutral Sentiment: Recent coverage comparing MPC with Delek and reviewing its move alongside the energy sector did not include a company-specific catalyst, but it reflects ongoing investor focus on refining peers and sector trends. Delek vs. Marathon Petroleum: Which Stock Offers Better Refining Bet?
• Negative Sentiment: The stock has recently pulled back more than the broader market, which appears to be weighing on near-term trading despite the longer-term bullish backdrop. Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Coverage noted that MPC is facing a new oil-market backdrop as the Strait of Hormuz reopens, which could reduce the urgency of the geopolitical supply concerns that had supported energy names. Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Mizuho raised their target price on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group raised their target price on Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, UBS Group set a $285.00 target price on Marathon Petroleum in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.94.

Marathon Petroleum Stock Down 2.3%

Shares of NYSE:MPC opened at $244.63 on Thursday. The business’s 50 day simple moving average is $244.99 and its two-hundred day simple moving average is $213.77. The firm has a market cap of $71.42 billion, a P/E ratio of 15.97, a PEG ratio of 0.38 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $272.46.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) earnings per share. As a group, research analysts forecast that Marathon Petroleum Corporation will post 31.95 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Company Profile

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.