Acropolis Investment Management Lowers stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Acropolis Investment Management reduced its stake in Marathon Petroleum Corp by 0.2% during the most recent quarter end. The investment management company now holds a total of 47,710 shares of Marathon Petroleum Corp which is valued at $1,767,178 after selling 95 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Marathon Petroleum Corp makes up approximately 0.33% of Acropolis Investment Management’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in MPC in the latest quarter, The investment management firm added 28,373 additional shares and now holds a total of 232,981 shares of Marathon Petroleum Corp which is valued at $8,629,616. Marathon Petroleum Corp makes up approx 0.11% of Nisa Investment Advisors’s portfolio.Physicians Financial Services boosted its stake in MPC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 108 shares of Marathon Petroleum Corp which is valued at $4,000.Chevy Chase Trust Holdings boosted its stake in MPC in the latest quarter, The investment management firm added 4,293 additional shares and now holds a total of 459,955 shares of Marathon Petroleum Corp which is valued at $16,742,362. Marathon Petroleum Corp makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Raymond James Trust N.a. boosted its stake in MPC in the latest quarter, The investment management firm added 13,473 additional shares and now holds a total of 117,138 shares of Marathon Petroleum Corp which is valued at $4,263,823. Marathon Petroleum Corp makes up approx 0.36% of Raymond James Trust N.a.’s portfolio.

Marathon Petroleum Corp opened for trading at $36.58 and hit $37.48 on the upside on Monday, eventually ending the session at $37.04, with a gain of 1.34% or 0.49 points. The heightened volatility saw the trading volume jump to 68,41,389 shares. Company has a market cap of $19,625 M.

On the company’s financial health, Marathon Petroleum Corp reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $12830.00 million for the quarter, compared to analysts expectations of $12988.94 million. The company’s revenue was down -25.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.24 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Marathon Petroleum Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Marathon Petroleum Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.