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Munich Reinsurance Co Stock Corp in Munich Lowers Stock Holdings in Marathon Petroleum Corporation $MPC
Munich Reinsurance Co Stock Corp in Munich reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 46.6% in the fourth quarter, selling 11,042 shares and holding 12,659 shares valued at approximately $2.07 million. Despite this, Marathon Petroleum reported strong Q4 earnings, beating analyst estimates with EPS of $4.07 and revenue of $32.57 billion. The company also declared a quarterly dividend of $1.00 per share and analysts have a “Moderate Buy” consensus rating with an average target price of $241.81.