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Marathon Petroleum
MPC

$172.67
0.57%
 

About: Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Employees: 18,200

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 20 analysts
0
News positive %
of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 20 [Q4 2023] → 40 (+20) [Q1 2024]

85% more first-time investments, than exits

New positions opened: 241 | Existing positions closed: 130

60% more call options, than puts

Call options by funds: $1.4B | Put options by funds: $876M

27% more capital invested

Capital invested by funds: $41.1B [Q4 2023] → $52B (+$10.9B) [Q1 2024]

7% more funds holding

Funds holding: 1,511 [Q4 2023] → 1,622 (+111) [Q1 2024]

1.14% less ownership

Funds ownership: 72.9% [Q4 2023] → 71.76% (-1.14%) [Q1 2024]

27% less repeat investments, than reductions

Existing positions increased: 464 | Existing positions reduced: 639

Research analyst outlook

20 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$168
3%
downside
Avg. target
$203
18%
upside
High target
$230
33%
upside

20 analyst ratings

10 positive
50%
10 neutral
50%
negative
0%
Mizuho
Nitin Kumar
16%upside
$201
Neutral
Maintained
20 Jun 2024
Piper Sandler
Ryan Todd
3%downside
$168
Neutral
Maintained
14 Jun 2024
Wells Fargo
Roger Read
29%upside
$223
Overweight
Maintained
6 Jun 2024
Raymond James
Justin Jenkins
33%upside
$230
Strong Buy
Maintained
30 May 2024
Piper Sandler
Ryan Todd
10%upside
$190
Neutral
Maintained
14 May 2024

Financial journalist opinion

Based on 10 articles about MPC published over the past 30 days