BlackRock Discloses Significant Stake in Marathon Petroleum

Ticker: MPC · Form: SC 13G · Filed: 2024-01-25T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, form-13g

TL;DR

**BlackRock just confirmed a big stake in Marathon Petroleum, signaling institutional confidence.**

AI Summary

BlackRock Inc., a major financial institution, reported on January 25, 2024, that as of December 31, 2023, it holds a significant stake in Marathon Petroleum Corp. This filing indicates BlackRock's continued substantial investment in the petroleum refining company. This matters to investors because BlackRock's large position suggests confidence in Marathon Petroleum's future, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's substantial holding in Marathon Petroleum Corp. signals institutional confidence, which can positively influence market perception and stock stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a large, passive institutional investment, which generally reduces volatility and risk for the stock.

Analyst Insight

A smart investor would view BlackRock's continued significant stake as a vote of confidence, potentially indicating long-term stability for Marathon Petroleum Corp. and might consider it a positive signal for holding or initiating a position.

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G statement regarding Marathon Petroleum Corp?

This SC 13G statement was filed by BlackRock Inc., a major financial institution, as indicated in the 'FILED BY' section of the filing.

What is the CUSIP number for Marathon Petroleum Corp's Common Stock mentioned in this filing?

The CUSIP number for Marathon Petroleum Corp's Common Stock is 56585A102, as stated under 'CUSIP Number' in the filing.

What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the document.

What is the business address of Marathon Petroleum Corp as listed in the filing?

Marathon Petroleum Corp's business address is 539 SOUTH MAIN STREET, FINDLAY, OH 45840-3229, as detailed in the 'BUSINESS ADDRESS' section for the subject company.

From the Filing

0001086364-24-003779.txt : 20240125 0001086364-24-003779.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003779 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Marathon Petroleum Corp CENTRAL INDEX KEY: 0001510295 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 271284632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86568 FILM NUMBER: 24562990 BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-421-2159 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us56585a1025_012524.txt us56585a1025_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) MARATHON PETROLEUM CORP -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 56585A102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 56585A102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 28384284 (6) Shared voting power 0 (7) Sole dispositive power 30922841 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 30922841 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MARATHON PETROLEUM CORP Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 539 SOUTH MAIN STREET FINDLAY OH 45840-3229 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------------------

View on Read The Filing