CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $4.3M to MPC Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its stake in Marathon Petroleum Corporation (MPC) by 11,000 shares, bringing its total to 60,800 shares valued at approximately $24 million, in a filing on October 26, 2026. This information comes from the fund's latest Form 13F filing with the SEC.

This increase represents a 22.1% change in shares, reflecting the fund's growing confidence in the energy company. The reported value of Cushing's total portfolio stands at about $1.42 billion, with Marathon Petroleum now making up about 1.7% of that.

MPC Marathon Petroleum Corporation

$471.72 ▲ +188.97% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Marathon Petroleum Fits in Cushing Asset Management's Portfolio

Cushing Asset Management ranks 21st among its 73 reported positions, with this increase being a notable addition to its holdings.

Marathon Petroleum Corporation Stock Up 2.9%

Marathon Petroleum recently traded at $470.64, which is about equal to its closing price on October 26, 2026. The stock is above its 50-day moving average by 14.3% and well above its 52-week low of $161.93, but still below its high of $493.98.

Recent Earnings

For the trailing twelve months, Marathon Petroleum reported revenue of approximately $154.1 billion and an earnings per share (EPS) of $28.88. The company is set to announce its next earnings on November 3, 2026.

Dividend

Marathon Petroleum pays an annual dividend of $4.00 per share, yielding around 0.85%, with a payout ratio of 13.5%.

Insider Buying and Selling at Marathon Petroleum Corporation

Several insiders sold shares earlier this year. Shawn M. Lyon sold 2,500 shares at $350.00 each on August 13, 2026, totaling $875,000. Molly R. Benson sold 17,196 shares at $358.57 each on August 17, 2026, for about $6.17 million.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained an Overweight rating with a target price of $488.00. Evercore ISI Group also maintained an In-Line rating with a target of $420.00. Citigroup and Wells Fargo kept their Neutral and Overweight ratings, respectively, with targets of $518.00 and $560.00.

About Marathon Petroleum

Marathon Petroleum Corporation operates as an integrated downstream energy company in the U.S., focusing on refining and marketing oil and gas products. It has three main segments: Refining & Marketing, Midstream, and Renewable Diesel.

Bottom Line

Keep an eye on Marathon Petroleum as it prepares to report earnings on November 3, 2026. Cushing Asset Management's recent increase in stake shows a strong commitment to the company, which is reflected in the stock's strong performance above key averages.