Miller Howard Investments 13F: Cuts MPC Stake by $2.9M

Miller Howard Investments cut its position in Marathon Petroleum Corporation (MPC) by 7,405 shares in a filing on October 26, 2026. This move reduces its total holdings to 34,377 shares, valued at about $13.6 million. The filing reflects a 17.7% decrease in their stake, which now represents 1.26% of the fund's total reported value of approximately $1.08 billion.

MPC Marathon Petroleum Corporation

$471.72 ▲ +188.97% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Marathon Petroleum Fits in Miller Howard Investments' Portfolio

Miller Howard's position in Marathon Petroleum ranks 21st among its 159 holdings.

Other Institutional Activity in Marathon Petroleum

Several other funds also adjusted their positions in Marathon Petroleum on October 26, 2026. Ag2R la Mondiale Gestion D'Actifs cut its stake by 14,058 shares, now holding 28,434 shares worth about $11.2 million. Gf Fund Management also reduced its position by 15,036 shares, bringing its total to 33,090 shares valued at approximately $13.1 million. In contrast, Cushing Asset Management increased its holdings by 11,000 shares, ending with 60,800 shares valued at about $24 million.

Marathon Petroleum Corporation Stock Up 2.9%

Marathon Petroleum's stock closed at $470.64 on October 26, 2026, which is about equal to its recent trading price. The shares are currently above the 50-day moving average by 14.3% and significantly above the 200-day average by 65%. However, the stock is about 4.7% below its 52-week high of $493.98.

Recent Earnings

Marathon Petroleum reported a trailing twelve-month revenue of about $154.1 billion, with an EPS of $28.88. The company is set to announce its next earnings on November 3, 2026, which investors will watch closely for performance updates.

Insider Buying and Selling at Marathon Petroleum Corporation

Since August 2026, several insiders have sold shares in Marathon Petroleum. Officer Shawn M. Lyon sold 2,500 shares on August 13, and Molly R. Benson sold 17,196 shares on August 17, among others. These transactions reflect ongoing adjustments among company insiders.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained an Overweight rating on Marathon Petroleum with a price target of $488.00. The consensus recommendation for the stock is a Buy, with a mean price target of $458.72 based on 18 analyst opinions.

About Marathon Petroleum

Marathon Petroleum Corporation operates as an integrated downstream energy company in the United States. It focuses on refining and marketing petroleum products, along with midstream services and renewable diesel. This position change by Miller Howard Investments comes as the company prepares to report its next earnings.

Bottom Line

Investors should keep an eye on Marathon Petroleum's upcoming earnings report on November 3, 2026. Additionally, further filings may provide insight into how institutional investors are adjusting their positions in this stock.