Marathon Petroleum reported strong earnings and announced a large share buyback and dividend increase.
In the fourth quarter, multiple institutional investors increased their stakes in Marathon Petroleum (MPC). The company reported strong earnings, with an EPS of $1.87, beating estimates by $0.90, and revenue of $35.37 billion. Analysts have mixed views, with an overall "Moderate Buy" rating and a consensus price target of $181.20. Marathon Petroleum also announced a $5 billion share buyback and a $0.91 quarterly dividend.
2 months ago
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