Marathon Petroleum Corporation
(MPC) has been the subject of numerous recent financial updates, generating heightened activity from both institutional and individual investors. The company faced a
8.4% pullback, adding to its one-year losses. Additionally, various entities including SPC Financial Inc., Atria Investments Inc., and Keybank National Association have reduced their stock positions in the company. Amid these sales, noteworthy share purchases were made by the company's director, enhancing
insider buying confidence. Despite its stock price dipping by 14.1% since their latest earnings report, analysts still consider MPC a strong investment in the
oil refinery market. Piper Sandler adjusted MPC's price target to
$156.00, while maintaining a neutral rating. Despite decreased positions by some investment firms, others like Charles Schwab Investment Management Inc. and Proficio Capital Partners LLC have increased their MPC holdings. The company has also partnered with
Comstock for refining solutions, and has just declared a $0.91 quarterly dividend effective by March 2025. Furthermore, Marathon Petroleum has announced an upcoming
virtual annual meeting in April 2025 and continues to explore midstream plans and strategic financing.
Marathon Petroleum Corporation MPC News Analytics from Fri, 30 Aug 2024 07:00:00 GMT to Sat, 08 Mar 2025 15:38:22 GMT -
Rating -3
- Innovation 0
- Information 2
- Rumor -1
