Credit Capital Investments Lowers stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Credit Capital Investments reduced its stake in Marathon Petroleum Corp by 20.0% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of Marathon Petroleum Corp which is valued at $1,677,200 after selling 10,000 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Marathon Petroleum Corp makes up approximately 1.25% of Credit Capital Investments’s portfolio.

Other Hedge Funds, Including , Commerce Bank boosted its stake in MPC in the latest quarter, The investment management firm added 6,758 additional shares and now holds a total of 44,370 shares of Marathon Petroleum Corp which is valued at $1,859,103. Marathon Petroleum Corp makes up approx 0.03% of Commerce Bank’s portfolio.Oppenheimer Co Inc reduced its stake in MPC by selling 15,738 shares or 56.87% in the most recent quarter. The Hedge Fund company now holds 11,934 shares of MPC which is valued at $500,035. Marathon Petroleum Corp makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in MPC by selling 149,445 shares or 16.51% in the most recent quarter. The Hedge Fund company now holds 755,466 shares of MPC which is valued at $31,654,025. Marathon Petroleum Corp makes up approx 0.26% of Los Angeles Capital Management Equity Research Inc’s portfolio.Leavell Investment Management reduced its stake in MPC by selling 331 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 16,800 shares of MPC which is valued at $635,040. Marathon Petroleum Corp makes up approx 0.09% of Leavell Investment Management’s portfolio.

Marathon Petroleum Corp opened for trading at $42.19 and hit $42.44 on the upside on Wednesday, eventually ending the session at $42.21, with a gain of 0.19% or 0.08 points. The heightened volatility saw the trading volume jump to 42,17,987 shares. Company has a market cap of $22,319 M.

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. 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.

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