Marathon Petroleum Corp (MPC) : Amica Pension Fund Board Of Trustees added new position in Marathon Petroleum Corp during the most recent quarter end. The investment management firm now holds 20,034 shares of Marathon Petroleum Corp which is valued at $825,801 , the company said in a statement filed on Aug 2, 2016 with the SEC.Marathon Petroleum Corp makes up approximately 0.10% of Amica Pension Fund Board Of Trustees’s portfolio.
Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in MPC by selling 7,315 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 185,585 shares of MPC which is valued at $7,649,814. Marathon Petroleum Corp makes up approx 0.12% of Royal London Asset Management Ltd’s portfolio.United Asset Strategies boosted its stake in MPC in the latest quarter, The investment management firm added 12,003 additional shares and now holds a total of 106,936 shares of Marathon Petroleum Corp which is valued at $4,407,902. Marathon Petroleum Corp makes up approx 1.59% of United Asset Strategies’s portfolio.Baltimore-washington Financial Advisors reduced its stake in MPC by selling 1,288 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 32,666 shares of MPC which is valued at $1,235,755. Marathon Petroleum Corp makes up approx 0.36% of Baltimore-washington Financial Advisors’s portfolio. Trust Co sold out all of its stake in MPC during the most recent quarter. The investment firm sold 175 shares of MPC which is valued $6,370.
Marathon Petroleum Corp opened for trading at $42.24 and hit $42.59 on the upside on Monday, eventually ending the session at $41.93, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 54,19,360 shares. Company has a market cap of $22,171 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.
Investors should note that on Jul 27, 2016, Marathon Petroleum Corp announced a cash dividend of $0.3600. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 12, 2016.
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.
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.