First Eagle Investment Management Position in Intercontinental Exchange In (ICE) Has Upped by $23.34 Million as Market Value Declined; Twin Capital Management Stake in Marathon Petroleum Corp. (MPC) Has Increased by $927,100

August 10, 2018 - By Clara Lewis

Marathon Petroleum Corporation (NYSE:MPC) Logo

Twin Capital Management Inc increased its stake in Marathon Petroleum Corp. (MPC) by 17.89% based on its latest 2018Q1 regulatory filing with the SEC. Twin Capital Management Inc bought 12,700 shares as the company’s stock rose 16.16% while stock markets declined. The hedge fund held 83,680 shares of the integrated oil company at the end of 2018Q1, valued at $6.12M, up from 70,980 at the end of the previous reported quarter. Twin Capital Management Inc who had been investing in Marathon Petroleum Corp. for a number of months, seems to be bullish on the $36.42B market cap company. The stock decreased 1.15% or $0.94 during the last trading session, reaching $80.75. About 3.03M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since August 10, 2017 and is uptrending. It has outperformed by 34.24% the S&P500. Some Historical MPC News: 25/04/2018 – Marathon Petroleum Corp. announces dividend; 30/04/2018 – Marathon Petroleum to Buy Andeavor in Biggest Oil Refining Deal; 19/04/2018 – INDIA MPC MEMBER DHOLAKIA SAYS HARDLY ANY EVIDENCE ON EMPLOYMENT GROWTH PICKING UP TO A LEVEL THAT WOULD PUT UPWARD PRESSURE ON WAGE GROWTH-MINUTES; 24/05/2018 – YIELD ON BENCHMARK 2026 ISSUE ZAR186= STEADY AT 8.465 PCT AFTER CENTRAL BANK GOVERNOR BEGINS READING MPC STATEMENT; 24/05/2018 – S.AFRICA’S CBANK STATEMENT: MPC NOTED RELATIVE STABILITY OF INFLATION FORECAST, BOTTOM OF INFLATION CYCLE HAS BEEN REACHED; 22/04/2018 – DJ Marathon Petroleum Corporation, Inst Holders, 1Q 2018 (MPC); 24/05/2018 – SARB MPC ASSUMED 2018 OIL PRICE OF $70/BBL IN CPI FORECASTS; 22/03/2018 – S. AFRICA SARB MPC MEMBER BRIAN KAHN COMMENTS IN EMAIL; 20/04/2018 – BOE’s Saunders Sees Greater Inflationary Pressure Than MPC Central Forecast; 22/05/2018 – BANK OF ENGLAND’S SAUNDERS SAYS SUSPECTS JOBLESS RATE WILL FALL MORE THAN MPC BASE CASE

First Eagle Investment Management Llc increased its stake in Intercontinental Exchange In (ICE) by 8103.75% based on its latest 2018Q1 regulatory filing with the SEC. First Eagle Investment Management Llc bought 324,150 shares as the company’s stock declined 3.64% with the market. The hedge fund held 328,150 shares of the investment bankers and brokers and service company at the end of 2018Q1, valued at $23.80 million, up from 4,000 at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Intercontinental Exchange In for a number of months, seems to be bullish on the $41.99B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $73.23. About 1.34 million shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 17.24% since August 10, 2017 and is uptrending. It has outperformed by 4.67% the S&P500. Some Historical ICE News: 18/04/2018 – INTERVIEW-BoE expects big switch from Libor to start in earnest; 09/04/2018 – Intercontinental Exchange CEO Says Atlanta Has Become a Tech-Centric City (Video); 19/03/2018 – Intercontinental Exchange Announces Open Interest Record in Sterling Futures; 18/04/2018 – INTERVIEW-Bank of England expects big Libor switch to start in earnest; 22/05/2018 – Intercontinental Exchange: right recipe; 26/04/2018 – ICE Closes Below 50-Day Moving Average: Technicals; 22/05/2018 – Intercontinental Exchange Names John Tuttle Chief Operating Officer of NYSE Group; 10/05/2018 – Moody’s: Market volatility boosts US exchange operators’ first quarter resulting in strong earnings; 30/05/2018 – ICE FUTURES U.S.- COTTON FUTURES DAILY PRICE LIMIT REVERTS TO 4 CENTS PER POUND EFFECTIVE WITH START OF TRADING FOR THURSDAY; 19/03/2018 – Intercontinental Exchange Announces Transition of Credit Default Swap Open Interest from CME Group to ICE Clear Credit; Launche

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.06, from 0.96 in 2017Q4. It fall, as 52 investors sold MPC shares while 322 reduced holdings. 98 funds opened positions while 239 raised stakes. 354.13 million shares or 3.74% less from 367.91 million shares in 2017Q4 were reported. Investment Advsr Ltd Liability Corp owns 6,043 shares for 0.03% of their portfolio. Covington Cap Mgmt reported 0% in Marathon Petroleum Corporation (NYSE:MPC). Orrstown Svcs has invested 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Mason Street Advsrs Llc has 0.11% invested in Marathon Petroleum Corporation (NYSE:MPC) for 66,082 shares. Moreover, Amica Mutual Insurance has 0.24% invested in Marathon Petroleum Corporation (NYSE:MPC) for 26,649 shares. Teachers Retirement Of The State Of Kentucky stated it has 528,374 shares. Bp Public Limited Company, United Kingdom-based fund reported 57,000 shares. Magnetar Ltd Liability Com holds 0.02% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 10,023 shares. The Ohio-based Lenox Wealth Mngmt has invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). White Pine Capital Ltd Liability accumulated 3,820 shares. Cna Corporation invested in 1.2% or 77,000 shares. New York-based M&R Capital has invested 0% in Marathon Petroleum Corporation (NYSE:MPC). Cypress Capital Grp Inc reported 9,833 shares or 0.15% of all its holdings. Bridgeway Cap Mngmt Inc holds 1.02% or 1.30 million shares. 3,500 were accumulated by Snow Cap Mngmt Lp.

Another recent and important Marathon Petroleum Corporation (NYSE:MPC) news was published by Bizjournals.com which published an article titled: “Cheap domestic crude oil helps Andeavor post half-billion-dollar profit in second quarter” on August 07, 2018.

Twin Capital Management Inc, which manages about $948.03 million and $1.94 billion US Long portfolio, decreased its stake in Humana Inc (NYSE:HUM) by 9,433 shares to 8,170 shares, valued at $2.20 million in 2018Q1, according to the filing. It also reduced its holding in Citigroup Inc Com New (NYSE:C) by 17,230 shares in the quarter, leaving it with 354,340 shares, and cut its stake in Ishares International Treasury (IGOV).

Among 22 analysts covering Marathon Petroleum Corp (NYSE:MPC), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Marathon Petroleum Corp had 95 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Jefferies to “Buy” on Thursday, May 3. The rating was maintained by Cowen & Co with “Buy” on Thursday, July 27. The firm has “Buy” rating given on Monday, August 10 by Zacks. The firm earned “Sell” rating on Monday, February 5 by Wells Fargo. As per Tuesday, March 13, the company rating was maintained by JP Morgan. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Buy”. Oppenheimer maintained it with “Outperform” rating and $70 target in Wednesday, November 25 report. The rating was maintained by Piper Jaffray with “Neutral” on Monday, August 22. As per Monday, August 24, the company rating was upgraded by Vetr. The firm has “Hold” rating by Wells Fargo given on Thursday, March 15.

Since March 6, 2018, it had 1 buying transaction, and 2 selling transactions for $3.27 million activity. BUNCH CHARLES E also bought $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) shares.

First Eagle Investment Management Llc, which manages about $40.13 billion US Long portfolio, decreased its stake in W R Berkley Corporation (NYSE:WRB) by 31,781 shares to 6.73M shares, valued at $489.31 million in 2018Q1, according to the filing. It also reduced its holding in Scotts Miracle Gro Co (NYSE:SMG) by 190,526 shares in the quarter, leaving it with 2.28M shares, and cut its stake in Cintas Corp (NASDAQ:CTAS).

Among 21 analysts covering Intercontinental Exchange (NYSE:ICE), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Intercontinental Exchange had 72 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America maintained it with “Buy” rating and $82 target in Thursday, February 8 report. The rating was upgraded by JP Morgan on Tuesday, February 20 to “Overweight”. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Overweight” rating by Barclays Capital on Thursday, July 12. RBC Capital Markets maintained the shares of ICE in report on Tuesday, June 6 with “Hold” rating. The firm earned “Neutral” rating on Wednesday, June 1 by JP Morgan. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Overweight” rating by Barclays Capital on Thursday, August 4. The firm has “Hold” rating given on Sunday, August 9 by Standpoint Research. As per Tuesday, January 5, the company rating was reinitiated by Goldman Sachs. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Buy” rating by UBS on Thursday, August 4. Buckingham Research initiated Intercontinental Exchange, Inc. (NYSE:ICE) rating on Thursday, May 19. Buckingham Research has “Buy” rating and $300 target.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.41, from 1.28 in 2017Q4. It dived, as 45 investors sold ICE shares while 258 reduced holdings. 73 funds opened positions while 191 raised stakes. 486.05 million shares or 2.19% less from 496.95 million shares in 2017Q4 were reported. Rocky Mountain Advisers Limited Liability Company has invested 0.01% in Intercontinental Exchange, Inc. (NYSE:ICE). Lourd Cap Limited holds 0.15% or 15,472 shares in its portfolio. Stephens Ar reported 13,609 shares stake. Chatham Cap Gru reported 1.74% stake. Gateway Invest Advisers Ltd Com stated it has 0.33% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE). Natixis holds 0.04% or 87,116 shares. Norinchukin Bancorp The has 0.04% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 35,992 shares. Moreover, Of Toledo Na Oh has 0.31% invested in Intercontinental Exchange, Inc. (NYSE:ICE). Farmers Merchants Invs reported 206 shares. Smith Asset Mngmt LP accumulated 0% or 150 shares. Numerixs Tech has invested 0.1% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE). Utah Retirement owns 107,085 shares. Artisan Partnership holds 0.28% or 1.88 million shares in its portfolio. Apg Asset Mgmt Nv owns 3.06 million shares. Amp Cap Investors holds 329,352 shares or 0.13% of its portfolio.

More important recent Intercontinental Exchange, Inc. (NYSE:ICE) news were published by: Seekingalpha.com which released: “ICE: A Buying Opportunity” on August 06, 2018, also Businesswire.com published article titled: “ICE Data Services Selected as the New Benchmark for Four BlackRock iShares Fixed Income ETFs”, Forbes.com published: “Racing To Fix Wall Street: ICE, Cryptocurrencies And Enterprise Blockchain” on August 07, 2018. More interesting news about Intercontinental Exchange, Inc. (NYSE:ICE) was released by: Twst.com and their article: “ICE – IntercontinentalExchange Inc.: NYSE Completes Historic First Half of 2018” with publication date: July 26, 2018.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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