Peak6 Investments buys $20,102,836 stake in Marathon Petroleum Corp (MPC)

Marathon Petroleum Corp (MPC) : Peak6 Investments scooped up 169,663 additional shares in Marathon Petroleum Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 461,180 shares of Marathon Petroleum Corp which is valued at $20,102,836.Marathon Petroleum Corp makes up approximately 1.11% of Peak6 Investments’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in MPC in the latest quarter, The investment management firm added 26,752 additional shares and now holds a total of 516,778 shares of Marathon Petroleum Corp which is valued at $22,717,561. Marathon Petroleum Corp makes up approx 0.03% of Manufacturers Life Insurance Company The’s portfolio.Ingalls Snyder boosted its stake in MPC in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 48,252 shares of Marathon Petroleum Corp which is valued at $1,987,017. Marathon Petroleum Corp makes up approx 0.12% of Ingalls Snyder’s portfolio.Orca Investment Management boosted its stake in MPC in the latest quarter, The investment management firm added 131 additional shares and now holds a total of 33,923 shares of Marathon Petroleum Corp which is valued at $1,436,300. Marathon Petroleum Corp makes up approx 1.59% of Orca Investment Management’s portfolio.Coastline Trust Co reduced its stake in MPC by selling 10 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 58,595 shares of MPC which is valued at $2,499,077. Marathon Petroleum Corp makes up approx 0.51% of Coastline Trust Co’s portfolio.

Marathon Petroleum Corp closed down -0.05 points or -0.12% at $43.31 with 48,92,630 shares getting traded on Monday. Post opening the session at $43.2, the shares hit an intraday low of $42.57 and an intraday high of $43.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Marathon Petroleum Corp reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $16618.00 million for the quarter, compared to analysts expectations of $18028.00 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS.

Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Upgraded by Raymond James to ” Strong Buy” on Oct 31, 2016. Company shares were Reiterated by Scotia Howard Weil on Oct 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .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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