Marathon Petroleum Corp (MPC) : Financial Engines Advisors L.l.c. scooped up 2,754 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 10, 2016. The investment management firm now holds a total of 77,895 shares of Marathon Petroleum Corp which is valued at $3,249,000.Marathon Petroleum Corp makes up approximately 2.60% of Financial Engines Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Catalyst Capital Advisors sold out all of its stake in MPC during the most recent quarter. The investment firm sold 83,875 shares of MPC which is valued $3,498,426.Stanley-laman Group Ltd. reduced its stake in MPC by selling 16,074 shares or 72.92% in the most recent quarter. The Hedge Fund company now holds 5,968 shares of MPC which is valued at $250,119. Marathon Petroleum Corp makes up approx 0.10% of Stanley-laman Group Ltd.’s portfolio.California State Teachers Retirement System reduced its stake in MPC by selling 37,790 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 1,146,582 shares of MPC which is valued at $47,262,110. Marathon Petroleum Corp makes up approx 0.10% of California State Teachers Retirement System’s portfolio.Alps Advisors Inc reduced its stake in MPC by selling 800 shares or 6.87% in the most recent quarter. The Hedge Fund company now holds 10,849 shares of MPC which is valued at $410,418.
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.