Graham Capital Management adds Marathon Petroleum Corp (MPC) to its portfolio

Marathon Petroleum Corp (MPC) : Graham Capital Management added new position in Marathon Petroleum Corp during the most recent quarter end. The investment management firm now holds 195,914 shares of Marathon Petroleum Corp which is valued at $8,171,573 , the company said in a statement filed on Aug 15, 2016 with the SEC.Marathon Petroleum Corp makes up approximately 1.71% of Graham Capital Management’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management reduced its stake in MPC by selling 69,981 shares or 33.71% in the most recent quarter. The Hedge Fund company now holds 137,613 shares of MPC which is valued at $5,739,838. Marathon Petroleum Corp makes up approx 0.01% of Lazard Asset Management’s portfolio.Citadel Advisors boosted its stake in MPC in the latest quarter, The investment management firm added 768,875 additional shares and now holds a total of 863,556 shares of Marathon Petroleum Corp which is valued at $36,018,921. Marathon Petroleum Corp makes up approx 0.09% of Citadel Advisors’s portfolio.Bank Of The West boosted its stake in MPC in the latest quarter, The investment management firm added 2,878 additional shares and now holds a total of 31,082 shares of Marathon Petroleum Corp which is valued at $1,302,647. Marathon Petroleum Corp makes up approx 0.18% of Bank Of The West’s portfolio.Smithfield Trust Co reduced its stake in MPC by selling 74 shares or 15.61% in the most recent quarter. The Hedge Fund company now holds 400 shares of MPC which is valued at $15,756.Mercer Capital Advisers boosted its stake in MPC in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 3,692 shares of Marathon Petroleum Corp which is valued at $139,631. Marathon Petroleum Corp makes up approx 0.11% of Mercer Capital Advisers’s portfolio.

Marathon Petroleum Corp closed down -0.6 points or -1.41% at $41.91 with 38,70,576 shares getting traded on Thursday. Post opening the session at $42.55, the shares hit an intraday low of $41.385 and an intraday high of $42.6 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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