Advisory Services Network buys $232,450 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Advisory Services Network scooped up 1,359 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 5,565 shares of Marathon Petroleum Corp which is valued at $232,450.Marathon Petroleum Corp makes up approximately 0.04% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Randolph Co Inc sold out all of its stake in MPC during the most recent quarter. The investment firm sold 413,915 shares of MPC which is valued $17,289,230.Acropolis Investment Management reduced its stake in MPC by selling 1,315 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 46,395 shares of MPC which is valued at $1,961,117. Marathon Petroleum Corp makes up approx 0.36% of Acropolis Investment Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in MPC by selling 11,809 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 448,146 shares of MPC which is valued at $18,943,131. Marathon Petroleum Corp makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio.Stillwater Investment Management reduced its stake in MPC by selling 1,072 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 34,248 shares of MPC which is valued at $1,447,663. Marathon Petroleum Corp makes up approx 0.79% of Stillwater Investment Management’s portfolio.Washington Trust Bank boosted its stake in MPC in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 4,788 shares of Marathon Petroleum Corp which is valued at $202,389. Marathon Petroleum Corp makes up approx 0.05% of Washington Trust Bank’s portfolio.

Marathon Petroleum Corp closed down -0.59 points or -1.39% at $41.77 with 44,27,856 shares getting traded on Friday. Post opening the session at $42.36, the shares hit an intraday low of $41.51 and an intraday high of $42.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Jefferies Initiated Marathon Petroleum Corp on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $48.Marathon Petroleum Corp was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 2016.

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.