Charter Trust Co buys $814,091 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Charter Trust Co scooped up 1,186 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 14, 2016. The investment management firm now holds a total of 19,546 shares of Marathon Petroleum Corp which is valued at $814,091.Marathon Petroleum Corp makes up approximately 0.09% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in MPC in the latest quarter, The investment management firm added 828 additional shares and now holds a total of 3,952 shares of Marathon Petroleum Corp which is valued at $164,601. Marathon Petroleum Corp makes up approx 0.15% of Gierl Augustine Investment Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in MPC in the latest quarter, The investment management firm added 1,122 additional shares and now holds a total of 55,157 shares of Marathon Petroleum Corp which is valued at $2,314,388. Marathon Petroleum Corp makes up approx 0.07% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp reduced its stake in MPC by selling 37,833 shares or 13.65% in the most recent quarter. The Hedge Fund company now holds 239,385 shares of MPC which is valued at $10,044,595. Marathon Petroleum Corp makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio.Simplex Trading reduced its stake in MPC by selling 168,132 shares or 99.27% in the most recent quarter. The Hedge Fund company now holds 1,236 shares of MPC which is valued at $51,628. Marathon Petroleum Corp makes up approx 0.01% of Simplex Trading’s portfolio.Acropolis Investment Management reduced its stake in MPC by selling 1,315 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 46,395 shares of MPC which is valued at $1,961,117. Marathon Petroleum Corp makes up approx 0.36% of Acropolis Investment Management’s portfolio.

Marathon Petroleum Corp opened for trading at $41.94 and hit $41.98 on the upside on Friday, eventually ending the session at $41.65, with a gain of 0.22% or 0.09 points. The heightened volatility saw the trading volume jump to 46,42,061 shares. Company has a market cap of $22,023 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 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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