Allworth Financial LP purchased a new position in Marathon Petroleum Corporation (NYSE: MPC) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,795 shares of the oil and gas company's stock, valued at approximately $4,550,000. Other large investors have also made changes
Bank of New York Mellon Corp bought a new stake in Marathon Petroleum Corporation (NYSE: MPC) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,027,107 shares of the oil and gas company's stock, valued at
BlackRock Inc. bought a new stake in shares of Marathon Petroleum Corporation (NYSE: MPC) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 26,006,017 shares of the oil and gas company's stock, valued at approximately $6,648,958,000. BlackRock Inc. owned about
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Marathon Petroleum is well-positioned amid global refining tightness, benefiting from curtailed Russian exports and a strong US refining footprint. MPC's 65% stake in MPLX LP provides stable EBITDA, raising its valuation but limiting upside compared to more operationally levered peers. In a base case with Russian exports curtailed, I see 30% upside to a $387 YE27 price target, supported by dividends and buybacks.
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