Marathon Petroleum
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 Q3 regulatory filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $750M | Put options by funds: $672M
2.87% less ownership
Funds ownership: 73.59% [Q2] → 70.72% (-2.87%) [Q3]
5% less funds holding
Funds holding: 1,612 [Q2] → 1,535 (-77) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 521 | Existing positions reduced: 605
15% less capital invested
Capital invested by funds: $44.9B [Q2] → $38.3B (-$6.6B) [Q3]
31% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 11 (-5) [Q3]
35% less first-time investments, than exits
New positions opened: 107 | Existing positions closed: 165
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Raymond James Justin Jenkins 29% 1-year accuracy 4 / 14 met price target | 26%upside $192 | Strong Buy Maintained | 17 Jan 2025 |
Wells Fargo Roger Read 41% 1-year accuracy 43 / 104 met price target | 19%upside $182 | Overweight Maintained | 10 Jan 2025 |
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target | 14%upside $174 | Neutral Maintained | 16 Dec 2024 |
Barclays Theresa Chen 32% 1-year accuracy 9 / 28 met price target | 4%upside $159 | Overweight Maintained | 11 Nov 2024 |
TD Cowen Jason Gabelman 39% 1-year accuracy 11 / 28 met price target | 11%upside $170 | Buy Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 8 articles about MPC published over the past 30 days