This afternoon we watched Marathon Petroleum drop -2.0% to a price of $151.39 per share. The large-cap Oil & Gas Integrated company is now trading -6.01% below its average target price of $161.07. Analysts have set target prices ranging from $141.0 to $179.0 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 3.3%. 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 |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 40,417,604 | $6,118,821,044 |
| 2023-06-30 | Blackrock Inc. | 8% | 33,751,993 | $5,109,714,199 |
| 2023-06-30 | State Street Corporation | 7% | 28,222,635 | $4,272,624,695 |
| 2023-06-30 | Elliott Investment Management L.p. | 3% | 11,065,000 | $1,675,130,343 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 7,845,026 | $1,187,658,481 |
| 2023-06-30 | Morgan Stanley | 2% | 7,449,292 | $1,127,748,311 |
| 2023-06-30 | Bank Of New York Mellon Corporation | 2% | 6,819,402 | $1,032,389,264 |
| 2023-06-30 | Ameriprise Financial, Inc. | 1% | 5,726,575 | $866,946,185 |
| 2023-06-30 | Dimensional Fund Advisors LP | 1% | 5,237,689 | $792,933,734 |
| 2023-06-30 | Boston Partners | 1% | 5,182,824 | $784,627,722 |
