5 Value Stocks in Joel Greenblatt’s Portfolio

4. Marathon Petroleum Corporation (NYSE:MPC)

Gotham Asset Management’s Stake Value: $11,483,000

Percentage of Gotham Asset Management’s 13F Portfolio: 0.46%

Number of Hedge Fund Holders: 43

P/E Ratio as of December 22: 4.45

Another top value stock in Joel Greenblatt’s portfolio is Marathon Petroleum Corporation (NYSE:MPC), an American petroleum refining company that deals in petroleum, petrochemicals, and gasoline. Greenblatt, via Gotham Asset Management, holds 185,779 shares of Marathon Petroleum Corporation (NYSE:MPC) as of Q3 2021, worth $11.48 million, representing 0.46% of the fund’s 13F portfolio. 

On November 15, Wells Fargo analyst Roger Read raised the price target on Marathon Petroleum Corporation (NYSE:MPC) to $87 from $73 and kept an Overweight rating on the shares. In 2022, the analyst believes that the U.S. refining sector could experience a similar bullish environment as the oil and gas industries have in 2021.

Among the hedge funds tracked by Insider Monkey in Q3, 43 funds reported owning stakes in Marathon Petroleum Corporation (NYSE:MPC), down from 48 funds in the preceding quarter. Paul Singer’s Elliott Management is the largest Marathon Petroleum Corporation (NYSE:MPC) stakeholder as of September 2021, with a $653.2 million position in the company.