Marathon Petroleum Corporation (MPC) Shares Bought by Lowe Brockenbrough & Co. Inc

Following the transaction, the chairman now owns 176,718 shares of the company's stock, valued at $9,157,526.76. Verde Servicos Internacionais S.A.'s holdings in Anadarko Petroleum Corporation were worth $1,100,000 as of its most recent SEC filing. Guardian Life Insurance Co. of America raised its position in shares of Marathon Petroleum Corporation by 0.7% in the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company's stock worth $389,543,000 after buying an additional 5,216,764 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Magellan Petroleum Corporation during the first quarter valued at approximately $3,047,000. The institutional investor held 260,900 shares of the oil & gas production company at the end of 2016Q4, valued at $18.19 million, up from 22,500 at the end of the previous reported quarter. Lee Financial Co raised its position in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Boston Partners now owns 14,798,820 shares of the oil and gas company's stock worth $747,933,000 after buying an additional 267,469 shares during the last quarter. The Diker Management Llc holds 241,615 shares with $3.46M value, up from 199,715 last quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company's stock worth $116,000 after buying an additional 570 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Marathon Petroleum Corporation by 201.9% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company's stock valued at $805,967,000 after buying an additional 4,182,975 shares during the last quarter. Hedge funds and other institutional investors own 79.66% of the company's stock.

Anadarko Petroleum Corporation (NYSE APC) opened at 43.77 on Friday.

Shares of the company are trading at $55.99 which is marginally over $53.87, the 50 day moving average and just above the 200 day moving average of $51.38. Magellan Petroleum Corporation has a 52 week low of $1.70 and a 52 week high of $21.74. The firm has a market capitalization of $28.23 billion, a price-to-earnings ratio of 32.12 and a beta of 1.56. The oil and gas company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.69%. Marathon Petroleum Corporation's revenue for the quarter was up 9.3% compared to the same quarter a year ago. During the same period in the prior year, the company posted $1.07 EPS. Equities analysts anticipate that Marathon Petroleum Corporation will post $2.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. The dividend was $0.050 per share for the quarter or $0.20 on an annualized basis. The stock rose 2.33% or $1.02 reaching $44.8 per share. The ex-dividend date is Tuesday, September 12th. Factory Mutual has invested 0.59% in Anadarko Petroleum Corporation (NYSE:APC). Brown Advisory Lc invested 0.17% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

COPYRIGHT VIOLATION NOTICE: This story was first published by Week Herald and is owned by of Week Herald. The correct version of this news story can be read at https://www.thestockobserver.com/2017/08/06/marathon-petroleum-corporation-mpc-downgraded-by-zacks-investment-research-to-sell-updated-updated.html.

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Several analysts have commented on the stock. Argus Research maintained it with "Buy" rating and $90 target in Wednesday, November 25 report. They now have a Dollars 60 price target on the stock. They noted that the move was a valuation call. Cowen and Company upped their target price on Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a "buy" rating and issued a $54.83 price objective (down from $65.00) on shares of Marathon Petroleum Corporation in a report on Thursday, July 20th. Finally, BidaskClub raised shares of Anadarko Petroleum Corporation from a "strong sell" rating to a "sell" rating in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. They now have a Dollars 58 price target on the stock.

In related news, insider Thomas M. Kelley sold 25,000 shares of the stock in a transaction on Wednesday, June 14th. Following the completion of the transaction, the chairman now owns 176,718 shares of the company's stock, valued at approximately $9,157,526.76.

The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,000 shares of the company's stock in a transaction on Wednesday, May 24th. On Monday, February 20 Wolf Jacquelyn H sold $1.39 million worth of LyondellBasell Industries NV (NYSE:LYB) or 14,769 shares. About 3.17 million shares traded. The disclosure for this purchase can be found here. Insiders have sold 33,568 shares of company stock valued at $1,808,969 over the last quarter. Corporate insiders own 0.45% of the company's stock. Bamco New York reported 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company operates through three segments: North America E&P, global E&P and Oil Sands Mining. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States.

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