Marathon Petroleum stock gains as Bank of America builds $621 million stake
Published on 09/16/2026 at 18:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Marathon Petroleum Corporation stock (ISIN US56585A1025) is trading near record levels around USD 410 after Bank of America Corp DE disclosed a new stake worth about USD 621.8 million on September 16, 2026, underscoring strong institutional interest in the refiner.
Bank of America stake highlights institutional demand
According to MarketBeat on September 16, 2026, Bank of America Corp DE purchased 2,432,168 Marathon Petroleum shares, valued at approximately USD 621,832,000 and representing about a 0.83 percent stake in the company.
The same overview from MarketBeat notes that institutional investors collectively own about 76.77 percent of Marathon Petroleum, indicating that professional investors dominate the shareholder base.
Stock near all-time high on strong results
MarketBeat reports that Marathon Petroleum shares opened at USD 411.04 on September 16, 2026, with a 12-month low of USD 161.93 and a 12-month high of USD 413.28, leaving the current level less than 1 percent below that high.
Finance data from Nasdaq via Yahoo Finance show that Marathon Petroleum closed at USD 410.84 on the New York Stock Exchange on September 15, 2026, up USD 14.39 or 3.63 percent from the prior close, with the stock also showing active pre-market trading on September 16, 2026 at levels just below the prior close.
On September 15, 2026, an analysis from GuruFocus highlighted that Marathon Petroleum shares rose 3.6 percent to USD 410.84 within a 52-week range of USD 161.93 to USD 413.28, with the stock gaining 15.9 percent over the past month and 155.6 percent year-to-date.
Quarterly earnings far exceed expectations
Recent quarterly figures underpin the strength behind the rally. According to MarketBeat, Marathon Petroleum reported earnings per share of USD 17.73 in its most recent quarter, compared with analyst expectations of USD 14.27, delivering a positive surprise of USD 3.46 per share.
The same report from MarketBeat states that Marathon Petroleum achieved 53.5 percent year-over-year revenue growth in that quarter, underscoring how higher refining margins and throughput have boosted the company’s top line.
In addition, Marathon Petroleum pays a quarterly dividend of USD 1.00 per share, which translates into an annualized dividend of USD 4.00 per share; at a share price around USD 410, this corresponds to a dividend yield of slightly under 1 percent.
Analyst view and valuation debate
Analyst sentiment remains broadly constructive. The overview from MarketBeat indicates that Marathon Petroleum currently carries a consensus rating of Moderate Buy, with an average analyst price target of USD 349.12 for the shares.
This average target of USD 349.12 stands well below the recent trading level of USD 410.84 discussed by GuruFocus, which suggests that Marathon Petroleum stock is significantly overvalued compared with its GF Value estimate of USD 234.17, implying the market price is about 75.4 percent above that intrinsic value estimate.
Sector context also plays a role. As Yahoo Finance reported on September 16, 2026, Marathon Petroleum shares gained about 3.6 percent alongside a 2.6 percent move in ExxonMobil, reflecting broader strength in energy equities amid supportive refining margins.
Stock price and market data
As of September 15, 2026, Marathon Petroleum closed at USD 410.84 on the New York Stock Exchange, with intraday pricing around USD 410 to USD 411 reported across recent sessions; this level sits near the 12-month high of USD 413.28 and far above the 12-month low of USD 161.93.
Marathon Petroleum stock key data
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Trading venue: New York Stock Exchange
- Price (as of September 15, 2026, 4:00): 410.84 USD
- Market capitalization: [value] USD (as of September 15, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Index membership: S&P 500
