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
|2023-06-30||Vanguard Group Inc||10%||40,417,604||$6,118,821,044|
|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||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|