Foster & Motley Inc. increased stake in Marathon Petroleum Co. by 3.9%, and EPS exceeded estimates; company declared a quarterly dividend of $0.825.
Foster & Motley Inc. raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 3.9%, totaling 22,497 shares valued at $3.9 million. Other investors also increased their positions, with the company reporting earnings per share of $4.12, exceeding estimates of $3.09. Marathon declared a quarterly dividend of $0.825. Analysts have a consensus rating of "Moderate Buy" with an average price target of $198.38. The company operates primarily in the U.S. energy sector.
September 05, 2024
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