State of New Jersey Common Pension Fund D Cuts Holdings in Marathon Petroleum Corporation $MPC

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 102,464 shares of the oil and gas company’s stock after selling 4,781 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Marathon Petroleum were worth $16,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $31,000. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the second quarter valued at $33,000. Ares Financial Consulting LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $34,000. Rialto Wealth Management LLC lifted its position in Marathon Petroleum by 721.4% during the fourth quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 202 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 4,473 shares of company stock worth $1,015,428. Company insiders own 0.17% of the company’s stock.

More Marathon Petroleum News

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

• Positive Sentiment: Analyst upgrades and a higher near‑term earnings outlook have driven momentum and income appeal, cited as the primary reason for the recent surge in MPC shares. Marathon Petroleum (MPC) Is Up 12.3% After Analyst Upgrades And Dividend Declaration – What’s Changed
• Positive Sentiment: The board declared a $1.00 quarterly dividend (record May 20, pay June 10), reinforcing cash-return policy and supporting yield-focused investor demand; the announcement accompanies an upgraded outlook in several writeups. Assessing Marathon Petroleum (MPC) Valuation After Dividend Declaration And Upgraded Earnings Outlook
• Positive Sentiment: Market research firm coverage boosted sentiment—MPC made Zacks’ Rank #1 (Strong Buy) growth list, which can attract momentum and quant-driven flows. Best Growth Stocks to Buy for May 1st
• Neutral Sentiment: Analysts and previews are focusing on Q1 drivers—strong refining margins and utilization could help results, but details will matter. Investors should watch reported margins, renewables and midstream segments for nuance. What’s in the Offing for Marathon Petroleum in Q1 Earnings?
• Neutral Sentiment: Valuation analysis pieces discuss whether the recent share gains are pricing in expected cash flows and DCF value—helpful for longer‑term allocation decisions but not an immediate catalyst. Is Marathon Petroleum (MPC) Pricing Reflect Recent Share Surge And DCF-Based Value Gap
• Neutral Sentiment: Market commentary and “trending” coverage have amplified visibility; such coverage can reinforce flows but may fade after earnings. Marathon Petroleum Stock Is Trending Overnight: Here’s Why
• Negative Sentiment: Macro energy risks remain: a Bank of England note warned that a sustained energy shock could push inflation and rates higher—an outcome that could pressure demand and margins if oil dislocations persist. This is a tail risk for refiners. Bank of England sounds warning of interest rate hikes ahead

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James Financial boosted their price objective on Marathon Petroleum from $210.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group upped their price target on shares of Marathon Petroleum from $239.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Barclays upped their price target on shares of Marathon Petroleum from $194.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Jefferies Financial Group upped their price target on shares of Marathon Petroleum from $263.00 to $279.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.81.

Marathon Petroleum Trading Down 0.6%

Shares of NYSE MPC opened at $246.77 on Friday. The company has a market cap of $72.67 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.37 and a beta of 0.53. Marathon Petroleum Corporation has a fifty-two week low of $137.30 and a fifty-two week high of $255.77. The business’s 50 day moving average price is $226.00 and its 200-day moving average price is $199.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. On average, sell-side analysts expect that Marathon Petroleum Corporation will post 26.3 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 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.