Marathon Petroleum Corp (MPC) : Stock Yards Bank Trust Co reduced its stake in Marathon Petroleum Corp by 1.49% during the most recent quarter end. The investment management company now holds a total of 19,459 shares of Marathon Petroleum Corp which is valued at $810,467 after selling 295 shares in Marathon Petroleum Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Marathon Petroleum Corp makes up approximately 0.11% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in MPC by selling 781 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 13,629 shares of MPC which is valued at $567,648. Marathon Petroleum Corp makes up approx 0.05% of Reliance Trust Co Of Delaware’s portfolio.Legal General Group Plc boosted its stake in MPC in the latest quarter, The investment management firm added 73,597 additional shares and now holds a total of 2,953,537 shares of Marathon Petroleum Corp which is valued at $123,930,413. Marathon Petroleum Corp makes up approx 0.13% of Legal General Group Plc’s portfolio. Weaver C. Barksdale Associates added MPC to its portfolio by purchasing 1,793 company shares during the most recent quarter which is valued at $75,234. Marathon Petroleum Corp makes up approx 0.13% of Weaver C. Barksdale Associates’s portfolio.Carroll Financial Associates reduced its stake in MPC by selling 4 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 2,037 shares of MPC which is valued at $86,511. Marathon Petroleum Corp makes up approx 0.01% of Carroll Financial Associates’s portfolio.Raymond James Trust N.a. boosted its stake in MPC in the latest quarter, The investment management firm added 579 additional shares and now holds a total of 117,717 shares of Marathon Petroleum Corp which is valued at $4,999,441. Marathon Petroleum Corp makes up approx 0.43% of Raymond James Trust N.a.’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.