Marathon PetroleumMPC
Market Cap: 60.8B
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
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
25 Wall Street Analysts provided 1 year price forecasts over the past 6 months
25 analyst ratings
Jefferies Lloyd Byrne | 34%upside $231 | Buy Maintained | 15 Jul 2024 |
Scotiabank Paul Cheng | 11%upside $191 | Sector Outperform Maintained | 12 Jul 2024 |
Wells Fargo Roger Read | 14%upside $196 | Overweight Maintained | 12 Jul 2024 |
JP Morgan John Royall | 8%upside $186 | Neutral Maintained | 2 Jul 2024 |
Barclays Theresa Chen | 7%upside $185 | Overweight Maintained | 1 Jul 2024 |
Financial journalist opinion
Based on 9 articles about MPC published over the past 30 days