Mpc stock price analysts project that MPC stock price

Analysts project that MPC stock price could benefit from hurricane season disruptions in the Gulf Coast, which historically tighten fuel supply. MPC’s robust refining footprint may amplify profit margins if crude stays elevated. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Several institutional investors have recently made changes to their positions in MPC. Vanguard Group Inc. grew its stake in shares of Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company's stock valued at $6,456,049,000 after buying an additional 3,924,713 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Marathon Petroleum by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company's stock valued at $1,722,664,000 after acquiring an additional 1,862,674 shares during the period. Geode Capital Management LLC lifted its position in shares of Marathon Petroleum by 14.8% during the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company's stock worth $1,325,598,000 after purchasing an additional 1,033,645 shares during the last quarter. Boston Partners lifted its position in shares of Marathon Petroleum by 13.1% during the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company's stock worth $1,024,395,000 after purchasing an additional 715,223 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Marathon Petroleum by 6.3% during the first quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company's stock worth $879,608,000 after purchasing an additional 355,215 shares during the last quarter. Institutional investors own 76.77% of the company's stock. MPC stock price has gained over 12% month-to-date, driven by better-than-expected downstream earnings. Technical charts show a breakout above the 50-day moving average, indicating possible continuation toward $175 in the coming weeks.