Top 5 Stock Picks of Benjamin Smith’s Laurion Capital Management

2. Marathon Petroleum Corporation (NYSE:MPC)

Laurion Capital Management’s Stake Value: $468.2 million
Percentage of Laurion Capital Management’s 13F Portfolio: 1.97%
Number of Hedge Fund Holders: 48

Marathon Petroleum Corporation (NYSE:MPC) is an Ohio-based petroleum refining, marketing, and transportation company that operates the largest refining system in the United States.

According to the 13F filings for the third quarter of 2021, Laurion Capital Management holds over 7.57 million shares of Marathon Petroleum Corporation (NYSE:MPC), amounting to more than $468.2 million and representing 1.97% of the investment firm’s portfolio. At the end of the second quarter of 2021, 48 hedge funds in the database of Insider Monkey held stakes worth $2.6 billion in Marathon Petroleum Corporation (NYSE:MPC), up from 46 the preceding quarter worth $1.9 billion.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Elliott Management is a leading shareholder in Marathon Petroleum Corporation (NYSE:MPC) with 10.57 million shares worth more than $653.3 million.

On November 15, Wells Fargo analyst Roger Read raised his price target on Marathon Petroleum Corporation (NASDAQ:MPC) to $87 from $73, and kept an Overweight rating on the shares of the company.