Several recent reports detail changes in stock positions held by an array of institutions in Marathon Petroleum Corporation (MPC). Both Amalgamated Bank and Truist Financial Corp have lowered their respective stakes in the company. Simultaneously, Proficio Capital Partners LLC, and BankPlus Trust Department, amongst others, have acquired new MPC shares.
The corporation has also attracted the attention of Comstock Fuels, with its completion of a financing agreement. Moreover, MPC has recently announced the election of a new director and a quarterly dividend of $0.91 for March 2025. Furthermore, MPC has reported to have plans for Midstream and is moving ahead with a $1.4 billion export terminal project in partnership with ONEOK.
Despite posing a potential risk as an investment, analysts see MPC as a worthwhile option in the Oil Refinery sector. This is particularly underscored by strong Q4 performance, beating estimates on both earnings and revenue. The company has also managed to secure a $2B Debt Deal, which is likely to significantly reshape its financial future.
Marathon Petroleum Corporation MPC News Analytics from Fri, 09 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:20:28 GMT - Rating 7 - Innovation -2 - Information 8 - Rumor -3
