Marathon Petroleum Corp (MPC) : Blackrock Advisors reduced its stake in Marathon Petroleum Corp by 5.87% during the most recent quarter end. The investment management company now holds a total of 16,005,571 shares of Marathon Petroleum Corp which is valued at $667,592,366 after selling 998,879 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Marathon Petroleum Corp makes up approximately 0.69% of Blackrock Advisors’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in MPC during the most recent quarter. The investment firm sold 10,400 shares of MPC which is valued $433,784.Global X Management Co boosted its stake in MPC in the latest quarter, The investment management firm added 432 additional shares and now holds a total of 1,369 shares of Marathon Petroleum Corp which is valued at $57,361.Swiss National Bank boosted its stake in MPC in the latest quarter, The investment management firm added 98,900 additional shares and now holds a total of 1,483,496 shares of Marathon Petroleum Corp which is valued at $61,149,705. Marathon Petroleum Corp makes up approx 0.10% of Swiss National Bank’s portfolio.Pillar Pacific Capital Management reduced its stake in MPC by selling 287 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 12,721 shares of MPC which is valued at $524,360. Marathon Petroleum Corp makes up approx 0.08% of Pillar Pacific Capital Management’s portfolio.
Marathon Petroleum Corp closed down -0.48 points or -1.13% at $42.01 with 34,60,250 shares getting traded on Friday. Post opening the session at $42.15, the shares hit an intraday low of $41.81 and an intraday high of $42.33 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on Marathon Petroleum Corp. Jefferies Initiated Marathon Petroleum Corp on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $48.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.