Marathon Petroleum Corp (MPC) : Wheatland Advisors Inc scooped up 3,201 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 95,335 shares of Marathon Petroleum Corp which is valued at $4,155,653.Marathon Petroleum Corp makes up approximately 2.06% of Wheatland Advisors Inc’s portfolio.
Other Hedge Funds, Including , Fdx Advisors reduced its stake in MPC by selling 3,174 shares or 15.3% in the most recent quarter. The Hedge Fund company now holds 17,566 shares of MPC which is valued at $765,702. Marathon Petroleum Corp makes up approx 0.03% of Fdx Advisors’s portfolio.Dubuque Bank Trust Co reduced its stake in MPC by selling 320 shares or 91.43% in the most recent quarter. The Hedge Fund company now holds 30 shares of MPC which is valued at $1,278.First Personal Financial Services boosted its stake in MPC in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 100 shares of Marathon Petroleum Corp which is valued at $4,260.Daiwa Securities Group reduced its stake in MPC by selling 3,300 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 13,200 shares of MPC which is valued at $544,236.Huntington National Bank boosted its stake in MPC in the latest quarter, The investment management firm added 8,522 additional shares and now holds a total of 174,174 shares of Marathon Petroleum Corp which is valued at $7,374,527. Marathon Petroleum Corp makes up approx 0.14% of Huntington National Bank’s portfolio.
Marathon Petroleum Corp closed down -0.05 points or -0.12% at $43.31 with 48,92,630 shares getting traded on Monday. Post opening the session at $43.2, the shares hit an intraday low of $42.57 and an intraday high of $43.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Marathon Petroleum Corp reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $16618.00 million for the quarter, compared to analysts expectations of $18028.00 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS.
Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Upgraded by Raymond James to ” Strong Buy” on Oct 31, 2016. Company shares were Reiterated by Scotia Howard Weil on Oct 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .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.