Marathon Petroleum files 13D/A amendment for MPLX LP

TL;DR

MPC amended its 13D for MPLX LP, watch for ownership changes.

AI Summary

Marathon Petroleum Corp. filed an amendment (No. 17) to its Schedule 13D on May 10, 2024, regarding its holdings in MPLX LP. The filing indicates changes in beneficial ownership of MPLX LP common units, representing limited partner interests. Marathon Petroleum Corp. is the filer, and MPLX LP is the subject company.

Why It Matters

This filing updates Marathon Petroleum's ownership stake in MPLX LP, which could signal strategic shifts or changes in their relationship. Investors monitor these filings for insights into corporate control and future actions.

Risk Assessment

Risk Level: medium — Schedule 13D filings, especially amendments, can indicate significant changes in a major shareholder's stake, potentially impacting the company's stock price and strategic direction.

Key Players & Entities

• Marathon Petroleum Corp. (company) — Filer of the Schedule 13D/A
• MPLX LP (company) — Subject company of the Schedule 13D/A
• 55336V100 (other) — CUSIP number for MPLX LP common units

FAQ

From the Filing

0001510295-24-000050.txt : 20240510 0001510295-24-000050.hdr.sgml : 20240510 20240510165928 ACCESSION NUMBER: 0001510295-24-000050 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240510 DATE AS OF CHANGE: 20240510 GROUP MEMBERS: ANDEAVOR LLC GROUP MEMBERS: GIANT INDUSTRIES, INC. GROUP MEMBERS: MPC INVESTMENT LLC GROUP MEMBERS: MPLX GP LLC GROUP MEMBERS: MPLX LOGISTICS HOLDINGS LLC GROUP MEMBERS: TTC HOLDINGS LLC GROUP MEMBERS: WESTERN REFINING, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MPLX LP CENTRAL INDEX KEY: 0001552000 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 270005456 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87226 FILM NUMBER: 24935818 BUSINESS ADDRESS: STREET 1: 200 E. HARDIN STREET CITY: FINDLAY STATE: OH ZIP: 45840 BUSINESS PHONE: (419) 422-2121 MAIL ADDRESS: STREET 1: 200 E. HARDIN STREET CITY: FINDLAY STATE: OH ZIP: 45840 FILED BY: 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 13D/A BUSINESS ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 BUSINESS PHONE: 419-422-2121 MAIL ADDRESS: STREET 1: 539 SOUTH MAIN STREET CITY: FINDLAY STATE: OH ZIP: 45840-3229 SC 13D/A 1 mpcsc13daamend17.htm SCHEDULE 13D/A AMENDMENT NO. 17 Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   ___________________________ SCHEDULE 13D/A (Amendment No. 17) Under the Securities Exchange Act of 1934   ___________________________   MPLX LP (Nam e of Issuer ) Common Units Representing Limited Partner Interests (Title of Class of Securities) 55336V100 (CUSIP Number) Molly R. Benson Chief Legal Officer and Corporate Secretary Marathon Petroleum Corporation 539 South Main Street Findlay, Ohio 45840 (419) 422-2121 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 8, 2024 (Date of Event Which Requires Filing of this Statement)   ___________________________ If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.   ¨ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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, as amended (the “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.: 55336V100     1 NAMES OF REPORTING PERSONS Marathon Petroleum Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   ¨         (b)   ¨ 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWE