This afternoon we watched Marathon Petroleum drop -1.1% to a price of $148.38 per share. The large-cap Oil & Gas Integrated company is now trading -9.63% below its average target price of $164.2. Analysts have set target prices ranging from $141.0 to $191.0 per share for Marathon Petroleum, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 3.56. 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 10% | 37,673,509 | $5,589,995,449 |
| 2023-09-30 | Blackrock Inc. | 8% | 31,606,578 | $4,689,784,197 |
| 2023-09-30 | State Street Corporation | 7% | 27,087,346 | $4,019,220,531 |
| 2023-09-30 | Elliott Investment Management L.p. | 3% | 11,065,000 | $1,641,824,754 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 7,589,702 | $1,126,160,019 |
| 2023-09-30 | Morgan Stanley | 2% | 7,193,104 | $1,067,312,806 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 2% | 6,004,238 | $890,908,863 |
| 2023-09-30 | Ameriprise Financial, Inc. | 1% | 5,270,641 | $782,057,737 |
| 2023-09-30 | Dimensional Fund Advisors LP | 1% | 5,016,295 | $744,317,876 |
| 2023-09-30 | Northern Trust Corporation | 1% | 4,526,814 | $671,688,683 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Marathon Petroleum.
