Marathon Petroleum Corporation $MPC Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,681 shares of the oil and gas company’s stock after selling 5,100 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Marathon Petroleum were worth $14,900,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. AlphaCentric Advisors LLC lifted its position in shares of Marathon Petroleum by 66.9% during the third quarter. AlphaCentric Advisors LLC now owns 1,320 shares of the oil and gas company’s stock worth $522,000 after purchasing an additional 529 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Marathon Petroleum in the third quarter worth about $221,000. United Advisor Group LLC increased its stake in Marathon Petroleum by 124.6% in the 3rd quarter. United Advisor Group LLC now owns 3,537 shares of the oil and gas company’s stock worth $1,398,000 after buying an additional 1,962 shares during the period. Plancorp LLC increased its stake in Marathon Petroleum by 11.1% in the 3rd quarter. Plancorp LLC now owns 1,427 shares of the oil and gas company’s stock worth $564,000 after buying an additional 142 shares during the period. Finally, May Hill Capital LLC purchased a new position in Marathon Petroleum in the 3rd quarter worth about $252,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC stock opened at $372.48 on Friday. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $493.98. The business has a 50-day moving average price of $421.69 and a 200 day moving average price of $295.35. The company has a market capitalization of $101.42 billion, a P/E ratio of 12.80, a PEG ratio of 0.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.45 and a quick ratio of 0.89.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $25.37 by $1.56. The company had revenue of $56.03 billion for the quarter, compared to analysts’ expectations of $46.60 billion. Marathon Petroleum had a net margin of 8.27% and a return on equity of 55.82%. The firm’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.01 EPS. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Analyst Ratings Changes

Several research firms have issued reports on MPC. Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $433.00 target price on shares of Marathon Petroleum in a research report on Sunday, October 11th. Citigroup lifted their price target on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a research note on Tuesday, October 13th. Mizuho boosted their price target on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Finally, Bank of America increased their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $425.12.

Insider Activity

In related news, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the transaction, the vice president owned 1,576 shares of the company’s stock, valued at $571,757.04. The trade was a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: A Zacks analysis said MPC could benefit from refinery outages, tight fuel inventories and cheaper heavy crude, which may support refining margins and further upside for the shares. Article: 3 Refining Stocks That Have Doubled in 2026: What’s Next?
• Positive Sentiment: Piper Sandler raised its price target from $462 to $466 and maintained an Overweight rating, signaling continued analyst confidence. Piper Sandler stock recommendations
• Neutral Sentiment: MPC’s $4.2 billion sale of its St. Paul Park and Mandan refineries and related marketing business is intended to fund a greater Gulf Coast focus, including investments to increase diesel output, crude throughput and premium gasoline exports. The shift could improve returns, though it also means selling operating assets. Article: Can MPC’s Gulf Coast Focus Fuel Stronger Future Refining Returns?
• Negative Sentiment: MarketWatch reported that MPC shares underperformed competitors Friday, pointing to relative weakness, although the report’s headline did not specify a cause. Article: Marathon Petroleum Corp. stock underperforms Friday when compared to competitors
• Negative Sentiment: ETFs were net sellers of MPC on Wednesday, selling about $20.1 million in shares despite more funds buying than selling. Article: ETFs Are Net Sellers of Marathon Petroleum (MPC) on Wednesday

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.