Marathon Petroleum Corporation $MPC Stock Holdings Trimmed by Manning & Napier Advisors LLC

09 May 2026, 06:43 by Amy Steele · The Cerbat Gem

Manning & Napier Advisors LLC trimmed its stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,614 shares of the oil and gas company’s stock after selling 2,723 shares during the period. Manning & Napier Advisors LLC’s holdings in Marathon Petroleum were worth $6,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPC. Brighton Jones LLC raised its position in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares in the last quarter. Woodline Partners LP raised its position in shares of Marathon Petroleum by 38.3% during the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after buying an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Marathon Petroleum by 26.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after buying an additional 466 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $8,505,000. Finally, AXA S.A. raised its position in shares of Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after buying an additional 12,639 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPC. JPMorgan Chase & Co. boosted their price objective on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday. Scotiabank boosted their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen downgraded Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Piper Sandler boosted their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Finally, Citigroup boosted their price objective on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.25.

View Our Latest Stock Analysis on Marathon Petroleum

Marathon Petroleum Stock Up 1.1%

Shares of Marathon Petroleum stock opened at $245.02 on Friday. The stock has a 50-day moving average price of $229.28 and a 200 day moving average price of $200.99. The company has a market cap of $71.53 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.34 and a beta of 0.53. The company has a current ratio of 1.18, a quick ratio of 0.74 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 1 year low of $149.65 and a 1 year high of $261.61.

Marathon Petroleum (NYSE:MPC – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS. As a group, analysts expect that Marathon Petroleum Corporation will post 27.28 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

More Marathon Petroleum News

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

Positive Sentiment: Marathon Petroleum reported a strong earnings beat, with EPS coming in 110% above expectations, reinforcing the view that the company’s refining business is performing well. Marathon Petroleum Corporation Just Beat EPS By 110%: Here’s What Analysts Think Will Happen Next
Positive Sentiment: Goldman Sachs raised its price target on MPC to $291 from $264 and kept a buy rating, suggesting meaningful upside from current levels. Marathon Petroleum had its price target raised by The Goldman Sachs Group, Inc. from $264.00 to $291.00.
Positive Sentiment: JPMorgan also lifted its price target on Marathon Petroleum to $257 from $235, adding to the positive analyst momentum around the stock. Marathon Petroleum had its price target raised by JPMorgan Chase & Co. from $235.00 to $257.00.
Positive Sentiment: TD Cowen reportedly raised its price target on MPC to $320, further reinforcing the bullish valuation case. Marathon Petroleum (NYSE:MPC) Price Target Raised to $320.00 at TD Cowen
Neutral Sentiment: Zacks and Yahoo Finance highlighted MPC as a momentum stock with strong earnings surprises and bullish price trends, which may support trader interest but does not add new company-specific fundamentals. Zacks.com featured highlights include The Vita Coco Company, Indivior Pharmaceuticals and Marathon Petroleum
Neutral Sentiment: Marathon Petroleum was also included in another “best momentum stocks” roundup, again reflecting positive market sentiment rather than a new operational update. 3 Best Momentum Stocks to Buy Now for Big Upside in May 2026
Neutral Sentiment: A separate analysis said Marathon Petroleum’s buyback expansion and refinery projects support its valuation story, citing stronger quarterly results and a larger repurchase program. Marathon Petroleum Buyback Expansion And Refinery Projects Underpin Valuation Story

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the transaction, the insider owned 7,525 shares in the company, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Profile

(Free Report)

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.