Marathon Petroleum’s (MPC) Pivotal Role in the Evolving LNG Supply Chain

Marathon Petroleum’s (MPC) Pivotal Role in the Evolving LNG Supply Chain

Fri, September 18, 2026 at 3:47 PM GMT+3 3 min read

• MPC +0.69%

Reaves W H & Co Inc's second-quarter 2026 investor letter reports a 10.55% increase for its "Reaves Long Term Value Wrap Strategy," outperforming the MSCI USA Infrastructure Index's 6.31% decline. The letter can be downloaded here. Cash distributions grew 6.7% in the quarter compared to Q2 2025. Despite geopolitical uncertainty, investor sentiment remained strong. AI expansion benefits companies in construction, connectivity, and infrastructure, especially in utility, communication, engineering, electrical, and power sectors. The strategy's performance benefited from investments across the AI infrastructure ecosystem and support for physical infrastructure supporting AI at scale. Although risks persist, the long-term investment case for many companies remains strong, positioning the strategy for durable growth, increasing dividends, and attractive long-term returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.

In its second-quarter 2026 investor letter, Reaves Long Term Value Wrap Strategy highlighted Marathon Petroleum Corporation (NYSE:MPC). Marathon Petroleum Corporation (NYSE:MPC) is a US-based integrated downstream energy company. On September 17, 2026, Marathon Petroleum Corporation (NYSE:MPC) closed at $421.96 per share. Over the past month, Marathon Petroleum Corporation (NYSE:MPC) returned 16.98%, but its shares are up 127.52% over the past year. Marathon Petroleum Corporation (NYSE:MPC) has a market capitalization of $118.5 billion, and its stock has traded within a 52-week range of $161.93 to $423.83.

Reaves Long Term Value Wrap Strategy stated the following regarding Marathon Petroleum Corporation (NYSE:MPC) in its Q2 2026 investor letter:

"Marathon Petroleum Corporation (NYSE:MPC): Shares of Marathon Petroleum were down slightly in the quarter. The company benefitted from higher-than-normal refining margins during the period as uncertainty about supply due to the closure of the Strait of Hormuz underpinned product prices. Commodity prices peaked late in Q1 and subsided as the second quarter progressed in anticipation of a resolution to the conflict."

Marathon Petroleum Corporation (NYSE:MPC) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held Marathon Petroleum Corporation (NYSE:MPC) at the end of the second quarter, which was 54 in the previous quarter. While we acknowledge the potential of Marathon Petroleum Corporation (NYSE:MPC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Marathon Petroleum Corporation (NYSE:MPC) and noted that despite valuation fears following a ~132% YTD surge, Wells Fargo projects further upside for the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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This article is originally published at Insider Monkey.