Crestpoint Capital Management buys $2,369,885 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Crestpoint Capital Management scooped up 31,000 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 17, 2016. The investment management firm now holds a total of 56,900 shares of Marathon Petroleum Corp which is valued at $2,369,885.Marathon Petroleum Corp makes up approximately 1.24% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Cwm boosted its stake in MPC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 103 shares of Marathon Petroleum Corp which is valued at $4,290.National Pension Service boosted its stake in MPC in the latest quarter, The investment management firm added 32,501 additional shares and now holds a total of 429,300 shares of Marathon Petroleum Corp which is valued at $17,880,345. Marathon Petroleum Corp makes up approx 0.15% of National Pension Service’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MPC in the latest quarter, The investment management firm added 2,389 additional shares and now holds a total of 130,714 shares of Marathon Petroleum Corp which is valued at $5,444,238. Marathon Petroleum Corp makes up approx 0.12% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Carroll Financial Associates reduced its stake in MPC by selling 4 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 2,037 shares of MPC which is valued at $86,511. Marathon Petroleum Corp makes up approx 0.01% of Carroll Financial Associates’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.

Marathon Petroleum Corp opened for trading at $41.94 and hit $41.98 on the upside on Friday, eventually ending the session at $41.65, with a gain of 0.22% or 0.09 points. The heightened volatility saw the trading volume jump to 46,42,061 shares. Company has a market cap of $22,023 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. Jefferies Initiated Marathon Petroleum Corp on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $48.

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.

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