Connectus Wealth LLC has cut its holdings in
Marathon Petroleum Co. (NYSE:MPC), while
1832 Asset Management L.P. and
Eagle Asset Management Inc. have taken significant positions in the same. Some insider trading activity suggests a potential weakness as seen in the sale of $1.6m in stock. However,
Marathon Petroleum's stock has managed to outperform its competitors despite marked losses on certain days.
Prudential PLC has increased its stock holdings in the company while
Cetera Advisor Networks LLC and
American International Group Inc have sold their shares.
Wells Fargo & Company has given a new $223.00 price target for MPC. However, some bearish signals are looming as Insiders are disposing of stock. There's some speculation regarding
Marathon Petroleum's latest stock performance and its reflection of its financial health. MPC is getting ready to pay a US$0.825 dividend and institutional investors own approximately 78% of Marathon Petroleum. Despite some underperformance, the company's stock has hit a 52-week high. A recent strategic SWOT insight provides some critical analysis of the company, but investors are being cautioned if this is time to cash out. Meanwhile, Marathon Petroleum has reported its first-quarter results, and the company reportedly still has gas in the tank after 100% returns.
Marathon Petroleum Corporation MPC News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 18:03:59 GMT -
Rating 5
- Innovation -3
- Information 6
- Rumor 2