Marathon Petroleum Corp (MPC) : United Asset Strategies scooped up 12,003 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 1, 2016. The investment management firm now holds a total of 106,936 shares of Marathon Petroleum Corp which is valued at $4,407,902.Marathon Petroleum Corp makes up approximately 1.59% of United Asset Strategies’s portfolio.
Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in MPC by selling 87,652 shares or 35.61% in the most recent quarter. The Hedge Fund company now holds 158,494 shares of MPC which is valued at $6,533,123. Marathon Petroleum Corp makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. American Century Companies Inc sold out all of its stake in MPC during the most recent quarter. The investment firm sold 26,434 shares of MPC which is valued $999,998.Checchi Capital Advisers reduced its stake in MPC by selling 908 shares or 14.04% in the most recent quarter. The Hedge Fund company now holds 5,560 shares of MPC which is valued at $210,279. Marathon Petroleum Corp makes up approx 0.05% of Checchi Capital Advisers’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in MPC by selling 3,975 shares or 22.28% in the most recent quarter. The Hedge Fund company now holds 13,867 shares of MPC which is valued at $513,634. Marathon Petroleum Corp makes up approx 0.25% of Boyd Watterson Asset Managementoh’s portfolio.Banced Corp reduced its stake in MPC by selling 6,484 shares or 59.09% in the most recent quarter. The Hedge Fund company now holds 4,490 shares of MPC which is valued at $166,040. Marathon Petroleum Corp makes up approx 0.29% of Banced Corp’s portfolio.
Marathon Petroleum Corp closed down -0.59 points or -1.43% at $40.63 with 72,58,673 shares getting traded on Thursday. Post opening the session at $41.19, the shares hit an intraday low of $40.32 and an intraday high of $41.66 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.
Investors should note that on Jul 27, 2016, Marathon Petroleum Corp announced a cash dividend of $0.3600. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 12, 2016.
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.
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.