Marathon PetroleumMPC
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 Q2 SEC filings by fund managers ($100M+ AUM)
2% more call options, than puts
Call options by funds: $928M | Put options by funds: $906M
2% less repeat investments, than reductions
Existing positions increased: 576 | Existing positions reduced: 589
3% less funds holding
Funds holding: 1,646 [Q1] → 1,603 (-43) [Q2]
2.81% less ownership
Funds ownership: 73.89% [Q1] → 71.08% (-2.81%) [Q2]
19% less capital invested
Capital invested by funds: $53.5B [Q1] → $43.4B (-$10.1B) [Q2]
26% less first-time investments, than exits
New positions opened: 123 | Existing positions closed: 166
60% less funds holding in top 10
Funds holding in top 10: 40 [Q1] → 16 (-24) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Citigroup Vikram Bagri 40% 1-year accuracy 2 / 5 met price target | 5%upside $167 | Neutral Maintained | 10 Oct 2024 |
Scotiabank Paul Cheng 9% 1-year accuracy 3 / 35 met price target | 7%upside $170 | Sector Outperform Maintained | 10 Oct 2024 |
Barclays Theresa Chen 30% 1-year accuracy 6 / 20 met price target | 6%upside $168 | Overweight Maintained | 10 Oct 2024 |
JP Morgan John Royall 21% 1-year accuracy 3 / 14 met price target | 8%upside $171 | Neutral Maintained | 9 Oct 2024 |
Wells Fargo Roger Read 37% 1-year accuracy 26 / 71 met price target | 16%upside $183 | Overweight Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 12 articles about MPC published over the past 30 days