This afternoon we watched Marathon Petroleum rise 1.1% to a price of $130.97 per share. The large-cap Oil & Gas Integrated company is now trading -8.92% below its average target price of $143.8. Analysts have set target prices ranging from $120.0 to $165.0 per share for Marathon Petroleum, and have given the stock an average rating of buy.
Marathon Petroleum's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.6%. The stock's short ratio is 3.51. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 78.5%. In conclusion, we believe there is mixed market sentiment regarding Marathon Petroleum.
Institutions Invested in Marathon Petroleum
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 10% | 42,482,395 | $5,563,919,325 |
| 2023-03-31 | Blackrock Inc. | 9% | 38,595,791 | $5,054,890,794 |
| 2023-03-31 | State Street Corporation | 7% | 31,283,361 | $4,097,181,828 |
| 2023-03-31 | Elliott Investment Management L.p. | 3% | 11,065,000 | $1,449,183,063 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 8,215,059 | $1,075,926,287 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 2% | 7,932,146 | $1,038,873,171 |
| 2023-03-31 | Morgan Stanley | 2% | 7,544,094 | $988,050,000 |
| 2023-03-31 | Boston Partners | 2% | 6,409,473 | $839,448,686 |
| 2023-03-31 | FMR, LLC | 1% | 6,281,751 | $822,720,936 |
| 2023-03-31 | Ameriprise Financial, Inc. | 1% | 5,582,825 | $731,182,597 |
