10 Best Stocks to Buy Now for a $1 Million Portfolio

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6. Marathon Petroleum Corporation (NYSE:MPC)

Number of Hedge Fund Holders: 64

On May 8, Goldman Sachs analyst Neil Mehta raised the firm’s price recommendation on Marathon Petroleum Corporation (NYSE:MPC) to $291 from $264. It reiterated a Buy rating on the shares. In a research note, Mehta said the firm remains constructive on Marathon Petroleum because of its consistent execution, strong balance sheet, and attractive capital return profile supported by Midstream distributions. The analyst also pointed to potential upside from tighter PADD 5 market conditions and higher jet fuel prices. He added that investors could also see benefits from strategic updates tied to the El Paso yield improvement project and increased jet production at the Garyville refinery.

During the company’s Q1 2026 earnings call, President, CEO & Chairman of the Board Maryann Mannen said Marathon Petroleum invested nearly $330 million in its Refining & Marketing business during the quarter. He noted that several near-term projects are focused on increasing jet fuel optionality. Mannen also said the company brought online more than 30,000 barrels per day of additional jet production capacity at its Garyville refinery in March.

He further stated that Marathon Petroleum returned more than $1 billion to shareholders during the first quarter and announced an additional $5 billion share repurchase authorization.

Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company. Its business segments include Refining & Marketing, Midstream, and Renewable Diesel.

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