Banced Corp buys $467,141 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Banced Corp scooped up 6,643 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 11,133 shares of Marathon Petroleum Corp which is valued at $467,141.Marathon Petroleum Corp makes up approximately 0.93% of Banced Corp’s portfolio.

Other Hedge Funds, Including , Randolph Co Inc sold out all of its stake in MPC during the most recent quarter. The investment firm sold 413,915 shares of MPC which is valued $17,289,230.First National Bank Of Mount Dora Trust Investment Services boosted its stake in MPC in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 10,990 shares of Marathon Petroleum Corp which is valued at $464,547. Marathon Petroleum Corp makes up approx 0.26% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Cullinan Associates Inc boosted its stake in MPC in the latest quarter, The investment management firm added 38,100 additional shares and now holds a total of 125,070 shares of Marathon Petroleum Corp which is valued at $5,286,709. Marathon Petroleum Corp makes up approx 0.45% of Cullinan Associates Inc’s portfolio.

Marathon Petroleum Corp closed down -0.51 points or -1.20% at $41.96 with 51,30,635 shares getting traded on Tuesday. Post opening the session at $42.5, the shares hit an intraday low of $41.555 and an intraday high of $42.95 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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