Investec Asset Management LTD Has Cut Its Marathon Petroleum (MPC) Position by $1.34 Million; Jpmorg

Investec Asset Management Ltd decreased its stake in Marathon Petroleum Corp (MPC) by 16.03% based on its latest 2018Q3 regulatory filing with the SEC. Investec Asset Management Ltd sold 16,987 shares as the company’s stock declined 26.02% with the market. The institutional investor held 89,016 shares of the integrated oil company at the end of 2018Q3, valued at $7.12 million, down from 106,003 at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Marathon Petroleum Corp for a number of months, seems to be less bullish one the $44.01 billion market cap company. The stock decreased 0.58% or $0.37 during the last trading session, reaching $63.71. About 9.98 million shares traded or 47.38% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has declined 4.72% since January 28, 2018 and is downtrending. It has underperformed by 4.72% the S&P500. Some Historical MPC News: 22/03/2018 – BOE: All MPC Members Agree Any Rate Future Increases Likely Of Gradual Pace, Limited Extent; 22/03/2018 – NIGERIA SENATE PLANS TO VOTE ON MPC NOMINEES TODAY: ORDER PAPER; 22/03/2018 – OSLO BøRS – MPC CONTAINER SHIPS INVEST B.V – RECEIVED APPLICATION FOR; 09/05/2018 – VP Brooks Gifts 140 Of Marathon Petroleum Corp; 08/05/2018 – MARATHON, VALERO REFINERIES IN TEXAS CITY, TEXAS, LOSE POWER DUE TO SUBSTATION FIRE; 22/03/2018 – BOE Mar Minutes: MPC Voted 7-2 to Maintain Bank Rate at 0.5%; 08/05/2018 – Marathon’s, Valero’s Texas City, Texas refi....

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