NorthCrest Asset Manangement LLC Decreases Stock Holdings in Marathon Petroleum Corporation $MPC
NorthCrest Asset Management LLC significantly cut its stake in Marathon Petroleum (MPC) by 78.7% in the fourth quarter of the prior year, selling 25,892 shares and retaining 7,001 shares valued at $1.225 million. This divestment occurred amidst other institutional investors either increasing their positions marginally or also reducing them, and insider Ricky D. Hessling also sold shares, decreasing his holding by over 17%. Despite these reductions by NorthCrest and an insider, analysts maintain a "Moderate Buy" consensus rating for MPC, with an average target price of $205.44, and expect an annual dividend of $4.00, yielding 1.7%.
https://www.marketbeat.com/instant-alerts/filing-northcrest-asset-manangement-llc-decreases-stock-holdings-in-marathon-petroleum-corporation-mpc-2026-03-24/