Cerity Partners LLC Purchases 12,788 Shares of Marathon Petroleum Corporation $MPC

Cerity Partners LLC grew its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,425 shares of the oil and gas company’s stock after purchasing an additional 12,788 shares during the quarter. Cerity Partners LLC owned approximately 0.06% of Marathon Petroleum worth $37,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MPC. Delos Wealth Advisors LLC bought a new position in Marathon Petroleum during the second quarter valued at approximately $25,000. Activest Wealth Management grew its holdings in shares of Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum in the 2nd quarter worth $33,000. Finally, Transce3nd LLC lifted its stake in Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 2.7%

NYSE:MPC opened at $177.18 on Friday. The company has a 50-day moving average price of $183.53 and a 200-day moving average price of $180.17. The stock has a market cap of $53.26 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 0.65 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Evercore ISI raised their target price on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Finally, UBS Group upped their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Marathon Petroleum News Summary

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

• Positive Sentiment: Marathon said it will bid for Venezuelan crude, signaling potential access to additional feedstock that could boost refinery margins and utilization. US refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil
• Positive Sentiment: President Trump is meeting with Chevron and other oil companies to discuss rebuilding Venezuela’s oil industry — a policy push that could open commercial opportunities for U.S. refiners like Marathon. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Zacks Research upgraded Marathon from “hold” to “strong-buy,” which can attract momentum flows and supportive investor sentiment ahead of earnings. Zacks Research upgrade
• Neutral Sentiment: U.S. Treasury Secretary Scott Bessent said the largest oil companies may move cautiously on Venezuela, suggesting big, rapid investment is uncertain — this tempers how quickly benefits reach majors. Bessent says largest oil companies are likely move slower in Venezuela
• Neutral Sentiment: Analyst and media pieces (Zacks, Yahoo, Investopedia) note heightened investor interest and model projections ahead of Marathon’s Q4 earnings; these items may sustain trading volume but are informational rather than catalytic. How Investors Are Reacting To Marathon Petroleum (MPC) Expanding Venezuelan Crude Runs Ahead of Earnings
• Negative Sentiment: Reports say U.S. oil companies want “serious guarantees” from Washington before making large Venezuela investments — this raises political and commercial risk that could delay returns. US oil companies say they need guarantees to invest in Venezuela, FT reports
• Negative Sentiment: Local regulatory issues such as public review of an El Paso refinery air permit can create potential operational or permitting delays for refinery projects. Public can give views on El Paso refinery air permit at TCEQ meeting

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.