Bullseye Investment Management LLC Purchases Shares of 1,965 Marathon Petroleum Corporation $MPC

Bullseye Investment Management LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,965 shares of the oil and gas company’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in shares of Marathon Petroleum by 36,834.6% during the 2nd quarter. California State Teachers Retirement System now owns 128,810,637 shares of the oil and gas company’s stock valued at $32,933,016,000 after purchasing an additional 128,461,884 shares during the last quarter. BlackRock Inc. purchased a new position in Marathon Petroleum during the 2nd quarter worth $6,648,958,000. State Street Corp increased its position in Marathon Petroleum by 0.3% during the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock valued at $2,916,660,000 after buying an additional 47,896 shares in the last quarter. Boston Partners increased its position in Marathon Petroleum by 2.3% during the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after buying an additional 141,691 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Marathon Petroleum in the second quarter valued at about $1,029,611,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock traded up $3.81 during mid-day trading on Friday, reaching $396.23. The stock had a trading volume of 2,356,784 shares, compared to its average volume of 2,439,592. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $409.11. The firm has a market cap of $115.67 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.26 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average is $333.02 and its 200-day moving average is $272.51.

Marathon Petroleum (NYSE:MPC) last released its 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 firm had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the previous year, the company posted $3.96 earnings per share. The company’s revenue was up 53.5% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum Corporation will post 47.23 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, August 19th. Marathon Petroleum’s payout ratio is presently 13.75%.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum’s strong second-quarter results continue to support the stock. The company reported $5.1 billion in attributable net income, or $17.73 per diluted share, versus the $14.27 analyst consensus, along with $8.5 billion in adjusted EBITDA. It also returned $2.8 billion to shareholders, reinforcing its cash-generation and capital-return story. Marathon Petroleum gains as stronger refining backdrop and analyst optimism lift shares
• Positive Sentiment: A recent analyst upgrade to the price target reflects expectations that refining-margin normalization may be slower than previously anticipated. Brokerage commentary and articles describing MPC as a value or potentially attractive long-term investment may also be supporting sentiment. Marathon Petroleum is considered a good investment by brokers
• Positive Sentiment: Recent institutional activity remains substantial, with major investors including JPMorgan, BlackRock and Sixth Street Partners adding MPC shares during the second quarter. Government contract payments, including naval distillate awards, provide a modest additional demand-related positive.
• Neutral Sentiment: Institutional positioning is mixed: 850 investors added shares while 892 reduced positions. This suggests continued interest in MPC but also significant profit-taking after its strong run.
• Negative Sentiment: Insiders have reported 11 open-market sales and no purchases over the past six months. Members of Congress also reported sales, which may raise caution about valuation, although these transactions are not necessarily indicative of operating fundamentals.
• Negative Sentiment: The stock’s recent closing decline and its elevated valuation relative to many published targets could limit upside. Quiver Quantitative lists a six-month median analyst target of $270, well below the current trading range, highlighting the risk that refining margins or energy prices normalize.

Insider Activity

In other news, insider Molly Benson sold 17,196 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,691 shares of company stock valued at $7,780,127 in the last ninety days. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

MPC has been the topic of a number of research analyst reports. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Barclays increased their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Jefferies Financial Group set a $335.00 target price on shares of Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Morgan Stanley upped their price target on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Weiss Ratings raised shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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 and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.

Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers.