Steadfast Capital Management LP Has Cut By $55.89 Million Its Marathon Pete (MPC) Stake; Invesco Municipal Trust (VKQ) Has 1.32 Sentiment

November 15, 2017 - By Nellie Frank

Invesco Municipal Trust is a diversified, closed-end management investment company. The company has market cap of $684.31 million. The Trust’s investment objective is to provide common shareholders with

a high level of current income exempt from federal income tax, consistent with preservation of capital. It currently has negative earnings. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.

Steadfast Capital Management Lp decreased Marathon Pete Corp (MPC) stake by 23.33% reported in 2017Q2 SEC filing. Steadfast Capital Management Lp sold 1.07M shares as Marathon Pete Corp (MPC)’s stock rose 5.52%. The Steadfast Capital Management Lp holds 3.53M shares with $184.85M value, down from 4.61M last quarter. Marathon Pete Corp now has $29.56B valuation. The stock declined 3.12% or $1.95 reaching $60.52 per share. About 308,807 shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since November 15, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

About 17,062 shares traded. Invesco Municipal Trust (VKQ) has declined 4.53% since November 15, 2016 and is downtrending. It has underperformed by 21.23% the S&P500.

Robinson Capital Management Llc holds 0.87% of its portfolio in Invesco Municipal Trust for 155,663 shares. Tradewinds Capital Management Llc owns 123,864 shares or 0.84% of their US portfolio. Moreover, Jfs Wealth Advisors Llc has 0.66% invested in the company for 188,468 shares. The California-based Accuvest Global Advisors has invested 0.52% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 517,480 shares.

Since May 18, 2017, it had 0 buys, and 2 sales for $1.57 million activity. $237,696 worth of Marathon Petroleum Corp (NYSE:MPC) was sold by Palmer C. Michael on Thursday, May 18. $1.36 million worth of Marathon Petroleum Corp (NYSE:MPC) was sold by Kelley Thomas M. on Wednesday, June 14.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Marathon Petroleum Corp had 61 analyst reports since August 10, 2015 according to SRatingsIntel. Cowen & Co maintained Marathon Petroleum Corp (NYSE:MPC) on Tuesday, October 17 with “Buy” rating. The firm has “Buy” rating given on Thursday, July 27 by Cowen & Co. On Thursday, July 13 the stock rating was maintained by Piper Jaffray with “Buy”. The company was downgraded on Monday, August 24 by Bank of America. The rating was maintained by Deutsche Bank on Friday, December 4 with “Buy”. The rating was upgraded by Raymond James on Monday, October 31 to “Strong Buy”. Deutsche Bank maintained Marathon Petroleum Corp (NYSE:MPC) rating on Tuesday, February 9. Deutsche Bank has “Buy” rating and $64 target. On Tuesday, January 26 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Buy” rating given on Thursday, July 20 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, October 3.

Steadfast Capital Management Lp increased Encana Corp (NYSE:ECA) stake by 2.00 million shares to 20.96M valued at $184.48M in 2017Q2. It also upped Microsoft Corp (NASDAQ:MSFT) stake by 1.18M shares and now owns 4.98 million shares. Expedia Inc Del (NASDAQ:EXPE) was raised too.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on February, 7. They expect $0.90 EPS, up 109.30% or $0.47 from last year’s $0.43 per share. MPC’s profit will be $439.59M for 16.81 P/E if the $0.90 EPS becomes a reality. After $1.77 actual EPS reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -49.15% negative EPS growth.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It fall, as 53 investors sold MPC shares while 274 reduced holdings. 93 funds opened positions while 250 raised stakes. 383.45 million shares or 4.21% less from 400.29 million shares in 2017Q1 were reported. Tortoise Capital Advisors has invested 0.01% in Marathon Petroleum Corp (NYSE:MPC). Zurcher Kantonalbank (Zurich Cantonalbank) owns 155,917 shares. Cibc Asset Mngmt has 49,084 shares. Blb&B Advsrs Limited Liability Company reported 4,780 shares. Fil holds 0.16% in Marathon Petroleum Corp (NYSE:MPC) or 1.04M shares. Plante Moran Advisors Llc invested in 963 shares or 0.03% of the stock. Avalon Advisors Lc has 0.23% invested in Marathon Petroleum Corp (NYSE:MPC). Davenport And Co Ltd Liability Com holds 1.13 million shares or 0% of its portfolio. Franklin Resources stated it has 229,255 shares or 0.01% of all its holdings. Burney Comm owns 0.13% invested in Marathon Petroleum Corp (NYSE:MPC) for 38,498 shares. Numina Capital Llc accumulated 129,635 shares. Janney Montgomery Scott Ltd Liability Corp, Pennsylvania-based fund reported 39,298 shares. The New York-based Art Advisors Limited Company has invested 0.29% in Marathon Petroleum Corp (NYSE:MPC). Boyd Watterson Asset Llc Oh invested 0.35% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Bnp Paribas Asset Mngmt Sa reported 0.01% in Marathon Petroleum Corp (NYSE:MPC).

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