5 Biggest Energy Companies in the US

3. Marathon Petroleum Corporation (NYSE:MPC)

2021 Revenue: $119.98 billion

Number of Hedge Funds: 50

Marathon Petroleum Corporation (NYSE:MPC) is an American oil refining, marketing, and transportation firm. The company reported revenue of $119.98 billion in 2021, which was a staggering 71.95% increase from the previous year. For 2022, analysts expect the company’s sales to increase to $173.23 billion before declining to $146.82 billion in 2023.

In August, Marathon Petroleum Corporation (NYSE:MPC)’s price target was increased by RBC Capital analyst TJ Schultz to $121 from $110 while maintaining an Outperform rating on the stock.

As of the end of Q2 2022, 50 of the hedge funds tracked by Insider Monkey owned stakes in Marathon Petroleum Corporation (NYSE:MPC). Those stakes held a collective value of over $2.72 billion.