Simplex Trading buys $6,402,110 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Simplex Trading scooped up 162,918 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 169,368 shares of Marathon Petroleum Corp which is valued at $6,402,110.Marathon Petroleum Corp makes up approximately 0.81% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in MPC by selling 1,074 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 31,610 shares of MPC which is valued at $1,170,834. Marathon Petroleum Corp makes up approx 0.16% of Sumitomo Life Insurance Co’s portfolio.First Manhattan Co boosted its stake in MPC in the latest quarter, The investment management firm added 611 additional shares and now holds a total of 17,533 shares of Marathon Petroleum Corp which is valued at $649,422. Investment Partners Ltd Oh Adv sold out all of its stake in MPC during the most recent quarter. The investment firm sold 7,188 shares of MPC which is valued $265,812.

Marathon Petroleum Corp opened for trading at $37.3 and hit $37.98 on the upside on Wednesday, eventually ending the session at $37.8, with a gain of 0.72% or 0.27 points. The heightened volatility saw the trading volume jump to 35,05,981 shares. Company has a market cap of $20,028 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.

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