As Gilead Sciences (GILD) Valuation Declined, Holder Crossvault Capital Management Has Boosted Stake; Marathon Pete (MPC) Shareholder Suvretta Capital Management Has Trimmed Its Stake by $49.90 Million

January 23, 2018 - By Adrian Erickson

Aaron Cowen decreased its stake in Marathon Pete Corp (MPC) by 21.66% based on its latest 2017Q3 regulatory filing with the SEC. Suvretta Capital Management Llc sold 891,068 shares as the company’s stock rose 5.52% with the market. The hedge fund run by Aaron Cowen held 3.22 million shares of the integrated oil company at the end of 2017Q3, valued at $180.69M, down from 4.11M at the end of the previous reported quarter. Suvretta Capital Management Llc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $35.74 billion market cap company. The stock increased 0.03% or $0.0251 during the last trading session, reaching $73.1851. About 2.31M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since January 23, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Crossvault Capital Management Llc increased its stake in Gilead Sciences (GILD) by 9.76% based on its latest 2017Q3 regulatory filing with the SEC. Crossvault Capital Management Llc bought 6,450 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 72,550 shares of the health care company at the end of 2017Q3, valued at $5.88 million, up from 66,100 at the end of the previous reported quarter. Crossvault Capital Management Llc who had been investing in Gilead Sciences for a number of months, seems to be bullish on the $105.83B market cap company. The stock decreased 0.48% or $0.39 during the last trading session, reaching $81.02. About 5.89 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since January 23, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Since August 1, 2017, it had 0 buys, and 13 insider sales for $51.52 million activity. Alton Gregg H sold $1.11M worth of stock. $4.40M worth of stock was sold by Washington Robin L on Thursday, September 7. MARTIN JOHN C sold $6.05 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) on Monday, October 2.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 63% are positive. Gilead Sciences had 112 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Friday, October 6 by Morgan Stanley. The rating was maintained by Oppenheimer on Tuesday, October 20 with “Outperform”. Mizuho maintained it with “Buy” rating and $77.0 target in Thursday, September 28 report. The rating was maintained by Credit Suisse on Wednesday, September 14 with “Outperform”. Jefferies maintained Gilead Sciences, Inc. (NASDAQ:GILD) rating on Wednesday, August 31. Jefferies has “Hold” rating and $91 target. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 16. The rating was maintained by UBS with “Buy” on Friday, April 29. The firm earned “Buy” rating on Wednesday, October 4 by RBC Capital Markets. Oppenheimer initiated the stock with “Hold” rating in Wednesday, October 4 report. The company was maintained on Monday, August 28 by Credit Suisse.

Crossvault Capital Management Llc, which manages about $184.05M and $174.24M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 27,600 shares to 13,764 shares, valued at $333,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It increased, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Oppenheimer Company accumulated 1.00 million shares. Optimum Advisors stated it has 64,037 shares or 1.74% of all its holdings. Rench Wealth Mngmt Inc stated it has 1.69% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Tower Bridge holds 3,279 shares or 0.03% of its portfolio. Sun Life Financial Inc invested 0.1% in Gilead Sciences, Inc. (NASDAQ:GILD). Jpmorgan Chase And owns 13.03M shares or 0.23% of their US portfolio. Boys Arnold And stated it has 0.52% in Gilead Sciences, Inc. (NASDAQ:GILD). Geode Capital Limited Liability Company invested in 15.47M shares. Mutual Insurance Federation Of Agricultural Cooperatives, a Japan-based fund reported 24,500 shares. Tobam holds 8,429 shares. Hyman Charles D owns 0.03% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 3,064 shares. 88,119 were accumulated by Northwestern Mutual Wealth. Narwhal Capital Management holds 39,330 shares. Financial Sense reported 6,010 shares or 0.25% of all its holdings. Silvercrest Asset Mgmt Group Limited Liability Co holds 0.04% or 44,505 shares in its portfolio.

Suvretta Capital Management Llc, which manages about $998.31M and $3.54B US Long portfolio, upped its stake in Constellation Brands Inc (NYSE:STZ) by 101,490 shares to 1.78 million shares, valued at $354.82 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 24,102 shares in the quarter, for a total of 295,257 shares, and has risen its stake in F M C Corp (NYSE:FMC).

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.14, from 1.05 in 2017Q2. It dived, as 52 investors sold MPC shares while 292 reduced holdings. 85 funds opened positions while 227 raised stakes. 380.18 million shares or 0.85% less from 383.45 million shares in 2017Q2 were reported. Argi Invest Service Ltd Liability holds 0.03% or 7,947 shares in its portfolio. Harvest Fund Advsr Limited Liability Corporation owns 12,573 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 0.06% or 72,580 shares in its portfolio. Walleye Trading Lc reported 376,046 shares. Colorado-based Icon Advisers Inc Communication has invested 0.18% in Marathon Petroleum Corporation (NYSE:MPC). Barnett & Com has 1.08% invested in Marathon Petroleum Corporation (NYSE:MPC). Wilbanks Smith & Thomas Asset Management Ltd Company owns 4,413 shares for 0.02% of their portfolio. Indexiq Advsrs Limited Liability has invested 0% in Marathon Petroleum Corporation (NYSE:MPC). Moreover, Jacobs Levy Equity Mngmt has 0.36% invested in Marathon Petroleum Corporation (NYSE:MPC). Alexandria Ltd Liability holds 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 461 shares. 1,145 are held by Johnson Fin Group Inc. Buckingham Asset Ltd Liability Co has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). Fiduciary has invested 0.08% in Marathon Petroleum Corporation (NYSE:MPC). Covington Mgmt holds 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 500 shares. Whittier Communications Of Nevada Inc stated it has 15,961 shares or 0.08% of all its holdings.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Marathon Petroleum Corp had 69 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Vetr to “Hold” on Monday, August 17. The firm has “Top Pick” rating by RBC Capital Markets given on Thursday, February 4. As per Wednesday, October 7, the company rating was upgraded by Wells Fargo. The company was maintained on Thursday, May 25 by PiperJaffray. Barclays Capital maintained Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, January 12 with “Overweight” rating. The stock has “Sector Outperform” rating by Howard Weil on Tuesday, December 15. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Outperform” rating by Credit Suisse on Tuesday, January 26. The stock has “Buy” rating by Cowen & Co on Tuesday, October 17. Vetr upgraded the shares of MPC in report on Monday, August 24 to “Buy” rating. The firm earned “Strong Buy” rating on Monday, October 31 by Raymond James.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on February, 7. They expect $1.04 EPS, up 141.86% or $0.61 from last year’s $0.43 per share. MPC’s profit will be $507.94 million for 17.59 P/E if the $1.04 EPS becomes a reality. After $1.77 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -41.24% negative EPS growth.

Since September 14, 2017, it had 0 insider buys, and 5 selling transactions for $7.73 million activity. 6,374 Marathon Petroleum Corporation (NYSE:MPC) shares with value of $413,864 were sold by Nichols Rodney P.. 35,604 shares were sold by Kelley Thomas M., worth $2.31 million.

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