In Q2 2019, Marathon Petroleum Co. experienced institutional holding adjustments, reported earnings exceeding expectations, and declared a quarterly dividend of $0.825.
In Q2 2019, Marathon Petroleum Co. (MPC) saw varied adjustments in institutional holdings, with Chesapeake Wealth reducing its stake by 3.4% while Acadian Asset Management increased by 7.6%. Despite fluctuations, 76.77% of MPC is held by institutions. Earnings exceeded expectations at $4.12 per share, and a quarterly dividend of $0.825 was declared. Analysts have mixed ratings, with target prices ranging widely. Meanwhile, Marathon Oil also saw changes in holdings and reported a dividend of $0.11.
September 21, 2024
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