Paradigm Asset Management Co buys $5.4 Million stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Paradigm Asset Management Co scooped up 45,300 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 152,900 shares of Marathon Petroleum Corp which is valued at $5.4 Million.Marathon Petroleum Corp makes up approximately 1.02% of Paradigm Asset Management Co’s portfolio.

Other Hedge Funds, Including , Cornercap Investment Counsel Inc added MPC to its portfolio by purchasing 86,775 company shares during the most recent quarter which is valued at $3.1 Million. Marathon Petroleum Corp makes up approx 0.59% of Cornercap Investment Counsel Inc’s portfolio. First Heartland Consultants sold out all of its stake in MPC during the most recent quarter. The investment firm sold 4,447 shares of MPC which is valued $157,824. Secor Capital Advisors Lp sold out all of its stake in MPC during the most recent quarter. The investment firm sold 18,896 shares of MPC which is valued $670,619.Schroder Investment Management Group boosted its stake in MPC in the latest quarter, The investment management firm added 716,433 additional shares and now holds a total of 3,328,264 shares of Marathon Petroleum Corp which is valued at $118.1 Million. Marathon Petroleum Corp makes up approx 0.25% of Schroder Investment Management Group’s portfolio.Ftb Advisors boosted its stake in MPC in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 878 shares of Marathon Petroleum Corp which is valued at $31,160.

Marathon Petroleum Corp opened for trading at $36.28 and hit $36.64 on the upside on Friday, eventually ending the session at $36.63, with a gain of 1.47% or 0.53 points. The heightened volatility saw the trading volume jump to 47,28,670 shares. Company has a market cap of $19,408 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. 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 Corp was Upgraded by BofA/Merrill to ” Buy” on Mar 3, 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.

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