Marathon Petroleum Corp (MPC) : National Investment Services Inc Wi reduced its stake in Marathon Petroleum Corp by 3.85% during the most recent quarter end. The investment management company now holds a total of 85,964 shares of Marathon Petroleum Corp which is valued at $3,252,018 after selling 3,442 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Marathon Petroleum Corp makes up approximately 3.56% of National Investment Services Inc Wi’s portfolio.
Other Hedge Funds, Including , Douglas Lane Associates boosted its stake in MPC in the latest quarter, The investment management firm added 93,665 additional shares and now holds a total of 707,623 shares of Marathon Petroleum Corp which is valued at $26,769,378. Marathon Petroleum Corp makes up approx 0.73% of Douglas Lane Associates’s portfolio. Parkwood sold out all of its stake in MPC during the most recent quarter. The investment firm sold 77,462 shares of MPC which is valued $2,929,613. Boys Arnold Co Inc added MPC to its portfolio by purchasing 15,724 company shares during the most recent quarter which is valued at $582,417. Marathon Petroleum Corp makes up approx 0.10% of Boys Arnold Co Inc’s portfolio.Creative Planning boosted its stake in MPC in the latest quarter, The investment management firm added 17,347 additional shares and now holds a total of 45,784 shares of Marathon Petroleum Corp which is valued at $1,693,092. Marathon Petroleum Corp makes up approx 0.01% of Creative Planning’s portfolio.
Marathon Petroleum Corp opened for trading at $38.01 and hit $39.61 on the upside on Friday, eventually ending the session at $39.39, with a gain of 3.20% or 1.22 points. The heightened volatility saw the trading volume jump to 83,34,908 shares. Company has a market cap of $20,870 M.
On the company’s financial health, Marathon Petroleum Corp reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.98. The company had revenue of $16790.00 million for the quarter, compared to analysts expectations of $14500.00 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS.
Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Top Pick”, Firm has raised the Price Target to $ 58 from a previous price target of $56 .
Marathon Petroleum Corporation (MPC) is engaged petroleum product refining marketing retail and transportation businesses. It has three segments: Refining & Marketing which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States purchases ethanol and refined products for resale and distributes refined products; Speedway which sells transportation fuels and convenience products in the retail market in the Midwest East Coast and Southeast and Pipeline Transportation which transports crude oil and other feedstocks to its refineries and other locations delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.