National Investment Services Inc Wi buys $3,706,773 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : National Investment Services Inc Wi scooped up 20,772 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 89,406 shares of Marathon Petroleum Corp which is valued at $3,706,773.Marathon Petroleum Corp makes up approximately 4.15% of National Investment Services Inc Wi’s portfolio.

Marathon Petroleum Corp opened for trading at $40.84 and hit $41.92 on the upside on Friday, eventually ending the session at $41.46, with a gain of 1.82% or 0.74 points. The heightened volatility saw the trading volume jump to 61,55,180 shares. Company has a market cap of $21,942 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. added MPC to its portfolio by purchasing 8,700 company shares during the most recent quarter which is valued at $360,702. Marathon Petroleum Corp makes up approx 0.23% of Fox Run Management L.l.c.’s portfolio.British Columbia Investment Management Corp boosted its stake in MPC in the latest quarter, The investment management firm added 64,470 additional shares and now holds a total of 381,397 shares of Marathon Petroleum Corp which is valued at $14,489,272. Marathon Petroleum Corp makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio. Mai Capital Management sold out all of its stake in MPC during the most recent quarter. The investment firm sold 7,241 shares of MPC which is valued $275,086.Stillwater Investment Management boosted its stake in MPC in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 34,931 shares of Marathon Petroleum Corp which is valued at $1,327,029. Marathon Petroleum Corp makes up approx 0.79% of Stillwater Investment Management’s portfolio.

On the company’s financial health, Marathon Petroleum Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.69. The company had revenue of $15679.00 million for the quarter, compared to analysts expectations of $18115.96 million. The company’s revenue was down -29.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.86 EPS.

Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Upgraded by BofA/Merrill to ” Buy” on Mar 3, 2016. Shares were Reiterated by Cowen on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .Marathon Petroleum Corp was Downgraded by JP Morgan to ” Neutral” on Feb 5, 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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