Marathon Petroleum Corporation (MPC) appears to be a
favorite amidst institutional investors, owning
77% of its shares. Several investment firms raised their stake in MPC, including
J.W. Cole Advisors, PFG Advisors, OneAscent Financial Services, Oak Thistle, Journey Strategic Wealth, Los Angeles Capital Management, and AustralianSuper Pty Ltd. Likewise, certain firms trimmed or sold their holdings, including
Universal Beteiligungs und Servicegesellschaft, Pacer Advisors, Carnegie Investment Counsel, Burney Co., Peterson Wealth Services, and Verdence Capital Advisors. Piper Sandler upped MPC’s price target to $
182.00. With
stronger Q2 crack spreads, MPC’s impressive ROE, and
strategic investments amidst geopolitical tailwinds, Jim Cramer voiced his approval of the company very much. Conversely, there have been reports of a recent
8.4% pullback in MPC’s stock, which prompted talks of institutional owners taking drastic measures. Nonetheless, shares are attracting investors' attention and are expected to rise according to a Morgan Stanley analyst.
Marathon Petroleum Corporation MPC News Analytics from Thu, 05 Dec 2024 08:00:00 GMT to Sat, 26 Jul 2025 13:21:48 GMT -
Rating 5
- Innovation 4
- Information 9
- Rumor 0
