Fifth Third Bancorp Trims Stock Holdings in Marathon Petroleum Corporation $MPC

Fifth Third Bancorp reduced its stake in Marathon Petroleum Corporation by 1.5% in the third quarter, now holding 536,024 shares valued at $103.3 million. Despite this, other institutions like Vanguard and Norges Bank significantly increased their holdings, with institutional investors collectively owning 76.77% of MPC. Marathon Petroleum recently surpassed quarterly earnings and revenue estimates, declared a $1.00 quarterly dividend, and holds a “Moderate Buy” consensus rating from Wall Street analysts.