MPC Is Down - How Does the Market See the Stock?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.