Westover Capital Advisors buys $4,391,980 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Westover Capital Advisors scooped up 97,448 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 105,298 shares of Marathon Petroleum Corp which is valued at $4,391,980.Marathon Petroleum Corp makes up approximately 3.56% of Westover Capital Advisors’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in MPC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 143,514 shares of Marathon Petroleum Corp which is valued at $5,985,969. Marathon Petroleum Corp makes up approx 0.07% of Arizona State Retirement System’s portfolio.Zebra Capital Management boosted its stake in MPC in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 29,119 shares of Marathon Petroleum Corp which is valued at $1,214,553. Marathon Petroleum Corp makes up approx 0.41% of Zebra Capital Management’s portfolio.Blackrock Fund Advisors boosted its stake in MPC in the latest quarter, The investment management firm added 1,750,344 additional shares and now holds a total of 9,733,911 shares of Marathon Petroleum Corp which is valued at $406,001,428. Marathon Petroleum Corp makes up approx 0.09% of Blackrock Fund Advisors’s portfolio.Harel Insurance Investments Financial Services Ltd. boosted its stake in MPC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 319,840 shares of Marathon Petroleum Corp which is valued at $13,183,805. Marathon Petroleum Corp makes up approx 1.50% of Harel Insurance Investments Financial Services Ltd.’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MPC by selling 5,551 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 114,490 shares of MPC which is valued at $4,509,761. Marathon Petroleum Corp makes up approx 0.04% of Public Employees Retirement Association Of Colorado’s portfolio.

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 *