AustralianSuper Pty Ltd Trims Stock Position in Marathon Petroleum Corporation $MPC

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AustralianSuper Pty Ltd decreased its stake in Marathon Petroleum Corporation by 17.5% in the fourth quarter, selling over 100,000 shares but still holding 473,450 shares valued at about $77 million. Despite this trimming, Marathon Petroleum holds a "Moderate Buy" consensus rating from analysts with an average target price of $259.44, and the company recently reported strong earnings, exceeding estimates, and announced a quarterly dividend of $1.00. Other institutional investors have shown varied activity, with some increasing and others decreasing their positions in the oil and gas company.
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