<div id="readability-page-1"><p>First Trust Advisors LP trimmed its stake in  Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 184,090 shares of the oil and gas company's stock after selling 9,117 shares during the quarter. First Trust Advisors LP owned 0.06% of Marathon Petroleum worth $30,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><div><p><span></span><span>Get <strong>Marathon Petroleum</strong> alerts:</span></p></div><ul><li>Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF</li></ul><p>Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in  Marathon Petroleum by 11.2% in the 2nd 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 buying an additional 3,924,713 shares during the period.  Wellington Management Group LLP grew its stake in shares of  Marathon Petroleum by 18.7% in the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company's stock valued at $1,722,664,000 after buying an additional 1,862,674 shares in the last quarter.  Geode Capital Management LLC increased its holdings in  Marathon Petroleum by 14.8% in the second 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 buying an additional 1,033,645 shares during the last quarter.  Boston Partners raised its position in  Marathon Petroleum by 13.1% during the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company's stock valued at $1,024,395,000 after acquiring an additional 715,223 shares in the last quarter.  Finally, Raymond James Financial Inc. lifted its stake in  Marathon Petroleum by 6.3% in the first quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company's stock valued at $879,608,000 after acquiring an additional 355,215 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>MPC has been the topic of a number of recent research reports. BMO Capital Markets  restated an &#34;outperform&#34; rating on shares of Marathon Petroleum in a report on Tuesday. Wells Fargo &amp; Company lowered their price target on Marathon Petroleum from $214.00 to $213.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, November 5th. Piper Sandler lifted their price target on shares of Marathon Petroleum from $220.00 to $231.00 and gave the company a &#34;neutral&#34; rating in a research report on Friday, November 14th. UBS Group upped their price objective on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, September 26th. Finally, JPMorgan Chase &amp; Co. lifted their target price on shares of Marathon Petroleum from $183.00 to $211.00 and gave the stock a &#34;neutral&#34; rating in a report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of &#34;Hold&#34; and an average target price of $203.21.</p><ul><li>Why This Beaten-Down Oil Stock Could Skyrocket 51% in 2025</li></ul><p><b>Get Our Latest Report on MPC</b></p><h2>Marathon Petroleum Stock Up 0.4%</h2><p>Shares of MPC opened at $191.45 on Thursday. The company has a market capitalization of $57.55 billion, a P/E ratio of 20.41, a PEG ratio of 0.98 and a beta of 0.72. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.29. The business's 50 day simple moving average is $191.31 and its 200-day simple moving average is $179.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. </p><ul><li>Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners</li></ul><p>Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.01. The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. As a group, sell-side analysts predict that  Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year. </p><h2>Marathon Petroleum Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a dividend of $1.00 per share. This is a positive change from Marathon Petroleum's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 19th. This represents a $4.00 annualized dividend and a yield of 2.1%. Marathon Petroleum's dividend payout ratio  is currently 42.64%. </p><h2>Marathon Petroleum Company Profile</h2> (Free Report)<p>Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining &amp; Marketing, and Midstream segments. The Refining &amp; Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.</p><h2>See Also</h2><ul><li>Five stocks we like better than Marathon Petroleum</li><li>5 Top Rated Dividend Stocks to Consider</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>There Are Different Types of Stock To Invest In</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>What is the Dogs of the Dow Strategy? Overview and Examples</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><strong>Want to see what other hedge funds are holding MPC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1QQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1QQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Marathon Petroleum Right Now?</h2><p>Before you consider Marathon Petroleum, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marathon Petroleum wasn't on the list.</p><p>While Marathon Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>First Trust Advisors LP reduced its stake in Marathon Petroleum Corporation by 4.7% in Q2, now holding 184,090 shares worth $30.58 million. Other institutional investors like Vanguard, Wellington, Geode, Boston Partners, and Raymond James also adjusted their holdings. Analysts have mixed ratings on MPC, with an average target price of $203.21. MPC's stock opened at $191.45, with a market cap of $57.55 billion. The company reported Q3 earnings of $3.01 per share, beating estimates slightly, and increased its dividend recently.</p>

Marathon Petroleum Corporation $MPC Position Trimmed by First Trust Advisors LP