Marathon Petroleum stock is trading -20.63% below its average target price of $213.2 after dropping -3.0% 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 $190.0 to $244.0 per share.
Marathon Petroleum's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 3.23. The company's insiders own 0.3% 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 75.9%. In conclusion, we believe there is mixed market sentiment regarding Marathon Petroleum.
Institutions Invested in Marathon Petroleum
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 35,084,578 | $5,936,924,534 |
| 2024-03-31 | Blackrock Inc. | 9% | 30,005,474 | $5,077,451,259 |
| 2024-03-31 | State Street Corporation | 7% | 24,019,540 | $4,064,526,480 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 7,425,047 | $1,256,447,881 |
| 2024-03-31 | Elliott Investment Management L.p. | 2% | 7,365,000 | $1,246,286,878 |
| 2024-03-31 | Morgan Stanley | 2% | 7,191,127 | $1,216,864,524 |
| 2024-03-31 | FMR, LLC | 2% | 5,722,261 | $968,306,693 |
| 2024-03-31 | Dimensional Fund Advisors LP | 1% | 4,870,983 | $824,255,559 |
| 2024-03-31 | Ameriprise Financial, Inc. | 1% | 4,834,048 | $818,005,511 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 1% | 4,788,306 | $810,265,164 |
