Mount Lucas Management Lp Lowers stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Mount Lucas Management Lp reduced its stake in Marathon Petroleum Corp by 1.59% during the most recent quarter end. The investment management company now holds a total of 291,857 shares of Marathon Petroleum Corp which is valued at $12,173,355 after selling 4,713 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Marathon Petroleum Corp makes up approximately 2.07% of Mount Lucas Management Lp’s portfolio.

Other Hedge Funds, Including , Bamco Inc Ny boosted its stake in MPC in the latest quarter, The investment management firm added 9,300 additional shares and now holds a total of 62,456 shares of Marathon Petroleum Corp which is valued at $2,605,040. Marathon Petroleum Corp makes up approx 0.01% of Bamco Inc Ny’s portfolio.Pacer Advisors boosted its stake in MPC in the latest quarter, The investment management firm added 920 additional shares and now holds a total of 10,839 shares of Marathon Petroleum Corp which is valued at $452,095. Marathon Petroleum Corp makes up approx 0.07% of Pacer Advisors’s portfolio.United Services Automobile Association boosted its stake in MPC in the latest quarter, The investment management firm added 354,690 additional shares and now holds a total of 596,587 shares of Marathon Petroleum Corp which is valued at $24,883,644. Marathon Petroleum Corp makes up approx 0.09% of United Services Automobile Association’s portfolio.Sheaff Brock Investment Advisors reduced its stake in MPC by selling 5,855 shares or 45.92% in the most recent quarter. The Hedge Fund company now holds 6,895 shares of MPC which is valued at $288,969. Marathon Petroleum Corp makes up approx 0.04% of Sheaff Brock Investment Advisors’s portfolio.Bartlett boosted its stake in MPC in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 782 shares of Marathon Petroleum Corp which is valued at $29,583.

Marathon Petroleum Corp closed down -0.6 points or -1.41% at $41.91 with 38,70,576 shares getting traded on Thursday. Post opening the session at $42.55, the shares hit an intraday low of $41.385 and an intraday high of $42.6 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 *