Bank of Montreal Can Buys 77,984 Shares of Marathon Petroleum Corporation $MPC

Bank of Montreal Can lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,273 shares of the oil and gas company’s stock after purchasing an additional 77,984 shares during the quarter. Bank of Montreal Can owned about 0.18% of Marathon Petroleum worth $102,205,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after acquiring an additional 3,924,713 shares in the last quarter. Norges Bank bought a new position in shares of Marathon Petroleum in the 2nd quarter worth $527,197,000. Geode Capital Management LLC lifted its holdings in shares of Marathon Petroleum by 14.8% in the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after purchasing an additional 1,033,645 shares in the last quarter. Boston Partners grew its position in Marathon Petroleum by 13.1% in the 2nd quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after purchasing an additional 715,223 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in Marathon Petroleum by 27,979.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock valued at $109,565,000 after purchasing an additional 657,246 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. reduced their price objective on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Raymond James Financial lifted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Citigroup increased their price target on shares of Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $202.50.

Key Headlines Impacting Marathon Petroleum

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

• Positive Sentiment: IEA announces coordinated 400M-barrel release — the added crude supply should ease upstream price pressure and, if product prices remain firm, improve refiners’ margins (feedstock costs down, potential for stronger crack spreads). Marathon Petroleum Surges After IEA Plans 400M-Barrel Release
• Positive Sentiment: Sector-wide rally in refiners/energy after Middle East supply disruptions — investors are rotating into names like MPC on expectations of tighter product markets and stronger crack spreads; MPC’s recent operational update and history of strong cash generation make it a preferred play. Marathon Petroleum jumps as energy and refining names rally amid oil-market shock
• Positive Sentiment: Fund flows and analyst momentum favor refiners — institutional money is moving into U.S. refiners and momentum screens highlight MPC’s multi-week outperformance, which can attract incremental inflows. Refiners Are Quiet Winners in 2026: Wall Street’s Signals Are Hard to Ignore
• Neutral Sentiment: Macro/regulatory narrative — coverage highlighting new U.S. refinery openings and broader domestic refining capacity (and bullish narratives favoring big integrated refiners like MPC) provides positive investor framing but is more thematic than immediate catalyst. Trump Hails First New U.S. Refinery in 50 Years — Why Smart Investors Are Choosing Marathon Petroleum Instead
• Positive Sentiment: Company fundamentals support the move — MPC’s recent quarterly beat, strong refining performance and guidance around utilization/capex bolster expectations for continued cash generation and capital returns (underpins investor confidence).
• Negative Sentiment: Geopolitical risk remains elevated (Iran leadership change, ongoing U.S.-Iran tensions) and rising U.S. pump prices signal market tightness — that volatility can swing crude and product prices quickly, introducing downside risk to refining margins if crude spikes faster than product prices. Five things to know about Iran’s new supreme leader, Mojtaba Khamenei Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war

Marathon Petroleum Stock Performance

NYSE:MPC opened at $226.72 on Thursday. The company has a market capitalization of $66.82 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.28 and a beta of 0.69. The business has a fifty day simple moving average of $190.54 and a two-hundred day simple moving average of $187.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $228.55.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.8%. Marathon Petroleum’s dividend payout ratio (DPR) is 29.96%.

Marathon Petroleum 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.