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Activist Investors Pressure Marathon Petroleum CEO To Resign
Friday, September 27, 2019 - 12:34pm | 376Read More...Marathon Petroleum Corp (NYSE: MPC) investors Paul Foster and Jeff Stevens, who control around 1.7% of the company, are calling for CEO Gary Heminger to be replaced, The Wall Street Journal reported Friday. What Happened Activist investor Elliott Management had called for...
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Marathon Petroleum Tumbles To New 52-Week Low Following Q4 Print
Wednesday, February 3, 2016 - 11:26am | 300Read More...Shares of Marathon Petroleum Corp (NYSE: MPC) lost more than 5 percent Wednesday morning and hit a new 52-week low of $37.82 after the company reported its fourth quarter results. Marathon Petroleum said that it earned $0.79 per share in the fourth quarter on revenue $15.68 billion. Wall Street...
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Marathon's Speedway Will Acquire Hess
Thursday, May 22, 2014 - 8:22am | 345Read More...Marathon (NYSE: MPC) announced Thursday that its subsidiary, Speedway, will acquire Hess (NYSE: HES) for a total consideration of $2.874 billion. The acquisition, which is expected to close late in the third quarter of 2014, will be funded through a combination of cash and debt. Marathon...
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Deutsche Bank Maintains Buy Rating and $50 PT on Marathon Petroleum
Tuesday, November 29, 2011 - 9:07am | 92Read More...A report from Deutsche Bank reiterates its Buy rating and $50 price target on Marathon Petroleum (NYSE: MPC). The report states, “We expect newly standalone independent refiner MPC to host a solid but unspectacular analyst meeting run by SVP & Corporate Planning head Garry Peiffer, &...
