Marathon Petroleum Corp (MPC) : Stillwater Investment Management scooped up 458 additional shares in Marathon Petroleum Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 34,931 shares of Marathon Petroleum Corp which is valued at $1.3 Million.Marathon Petroleum Corp makes up approximately 0.79% of Stillwater Investment Management’s portfolio.
Other Hedge Funds, Including , Private Asset Management Inc sold out all of its stake in MPC during the most recent quarter. The investment firm sold 4,488 shares of MPC which is valued $170,499.
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 Corp closed down -0.71 points or -1.83% at $37.99 with 48,08,159 shares getting traded on Monday. Post opening the session at $38.98, the shares hit an intraday low of $37.96 and an intraday high of $39.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.