Marathon Petroleum stock is trading -7.84% below its average target price of $154.0 after dropping -1.9% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Integrated company an average rating of buy and target prices ranging from $141.0 to $165.0 per share.
The stock has an average amount of shares sold short at 2.7%, and a short ratio of 3.88. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.5% of Marathon Petroleum's shares being owned by this investor type.
Institutions Invested in Marathon Petroleum
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 40,417,604 | $5,736,470,239 |
| 2023-06-30 | Blackrock Inc. | 8% | 33,751,993 | $4,790,420,119 |
| 2023-06-30 | State Street Corporation | 7% | 28,222,635 | $4,005,638,378 |
| 2023-06-30 | Elliott Investment Management L.p. | 3% | 11,065,000 | $1,570,455,368 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 7,845,026 | $1,113,444,482 |
| 2023-06-30 | Morgan Stanley | 2% | 7,449,292 | $1,057,277,958 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 2% | 6,819,402 | $967,877,675 |
| 2023-06-30 | Ameriprise Financial, Inc. | 1% | 5,726,575 | $812,772,747 |
| 2023-06-30 | Dimensional Fund Advisors LP | 1% | 5,237,689 | $743,385,161 |
| 2023-06-30 | Boston Partners | 1% | 5,182,824 | $735,598,172 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Marathon Petroleum.
