Visium Asset Management Lp adds Marathon Petroleum Corp (MPC) to its portfolio

Marathon Petroleum Corp (MPC) : Visium Asset Management Lp added new position in Marathon Petroleum Corp during the most recent quarter end. The investment management firm now holds 674,173 shares of Marathon Petroleum Corp which is valued at $28,119,756 , the company said in a statement filed on Aug 12, 2016 with the SEC.Marathon Petroleum Corp makes up approximately 2.74% of Visium Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Formidable Asset Management sold out all of its stake in MPC during the most recent quarter. The investment firm sold 340 shares of MPC which is valued $14,181.Blackrock Japan Ltd boosted its stake in MPC in the latest quarter, The investment management firm added 6,338 additional shares and now holds a total of 743,130 shares of Marathon Petroleum Corp which is valued at $30,995,952. Marathon Petroleum Corp makes up approx 0.11% of Blackrock Japan Ltd’s portfolio. Newfound Research added MPC to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $377.Edge Asset Management Inc boosted its stake in MPC in the latest quarter, The investment management firm added 172,675 additional shares and now holds a total of 2,883,067 shares of Marathon Petroleum Corp which is valued at $120,886,999. Marathon Petroleum Corp makes up approx 1.04% of Edge Asset Management Inc’s portfolio.Pitcairn Co boosted its stake in MPC in the latest quarter, The investment management firm added 1,287 additional shares and now holds a total of 41,340 shares of Marathon Petroleum Corp which is valued at $1,563,892. Marathon Petroleum Corp makes up approx 0.20% of Pitcairn Co’s portfolio.

Marathon Petroleum Corp opened for trading at $41.85 and hit $42.65 on the upside on Monday, eventually ending the session at $42.29, with a gain of 1.05% or 0.44 points. The heightened volatility saw the trading volume jump to 24,14,603 shares. Company has a market cap of $22,361 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. 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.

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