Warning Orchid Island Capital, Inc. (ORC) pessimists! Coleman Bitting just Picked up 50 shares.; Lord Abbett & Company Boosted Its Marathon Pete Com (MPC) Position

September 14, 2018 - By Rhonda Roth

Marathon Petroleum Corporation (NYSE:MPC) Logo

Lord Abbett & Company increased Marathon Pete Corp Com (MPC) stake by 544.86% reported in 2018Q2 SEC filing. Lord Abbett & Company acquired 860,878 shares as Marathon Pete Corp Com (MPC)’s stock rose 12.45%. The Lord Abbett & Company holds 1.02 million shares with $71.48 million value, up from 158,000 last quarter. Marathon Pete Corp Com now has $38.04B valuation. The stock increased 0.30% or $0.25 during the last trading session, reaching $84.34. About 3.28 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 56.59% since September 14, 2017 and is uptrending. It has outperformed by 40.97% the S&P500. Some Historical MPC News: 30/04/2018 – Fitch Affirms Marathon Petroleum’s Ratings Following Acquisition Announcement; 23/05/2018 – Fitch Upgrades Gilbert, AZ Water Resource MPC Utility System Rev Bonds to ‘AAA’; Outlook to Stable; 07/03/2018 – POLISH CENTRAL BANK COMMENTS IN STATEMENT AFTER MPC MEETING; 29/03/2018 – `A VIEW’ WITHIN MPC SAID RATE CUT MAY BE NEEDED IF ECONOMY DIPS; 28/05/2018 – POLISH INTEREST-RATES LEVEL IS OPTIMAL: MPC’S MEMBER LON ON PAP; 30/04/2018 – MPC, ANDV DEAL DEEPENS MARATHON PRESENCE IN PERMIAN, BAKKEN; 30/04/2018 – Press Release: Marathon Petroleum Corp. and Andeavor Combination to Create Leading U.S. Refining, Marketing, and Midstream Co; 25/04/2018 – MARATHON PETROLEUM CORP MPC.N SETS DIVIDEND OF $0.46/SHR; 28/03/2018 – S. AFRICA’S KGANYAGO SAYS 3 MPC MEMBERS VOTE FOR UNCHANGED; 29/04/2018 – Marathon Purchase of Andeavor to Be Announced Monday

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities in the United States. The company has market cap of $379.33 million. The company's RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. It currently has negative earnings. The Company’s portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

The stock decreased 2.80% or $0.21 during the last trading session, reaching $7.29. About 1.14M shares traded or 70.53% up from the average. Orchid Island Capital, Inc. (NYSE:ORC) has declined 22.83% since September 15, 2017 and is downtrending. It has underperformed by 38.45% the S&P500. Some Historical ORC News: 04/05/2018 – Resource America Inc. Exits Position in Orchid Island; 12/04/2018 – ORCHID ISLAND CAPITAL INC – ESTIMATED GAAP NET LOSS OF $0.31 PER SHARE FOR QUARTER ENDED MARCH 31, 2018; 16/05/2018 – Orchid Island Capital Announces May 2018 Monthly Dividend and April 30, 2018 RMBS Portfolio Characteristics; 08/03/2018 Orchid Island Capital Announces March 2018 Monthly Dividend and February 28, 2018 RMBS Portfolio Characteristics; 12/04/2018 – ORCHID ISLAND CAPITAL INC – ESTIMATED BOOK VALUE PER SHARE AT MARCH 31, 2018 OF $8.09; 23/04/2018 – DJ Orchid Island Capital Inc, Inst Holders, 1Q 2018 (ORC); 26/04/2018 – Orchid Island Capital 1Q Loss/Shr 31c; 12/04/2018 – Orchid Island Capital Announces April 2018 Monthly Dividend and March 31, 2018 RMBS Portfolio Characteristics; 15/05/2018 – Wolverine Asset Management Buys 1.2% Position in Orchid Island

Investors sentiment decreased to 1.75 in 2018 Q2. Its down 0.07, from 1.82 in 2018Q1. It is negative, as 9 investors sold Orchid Island Capital, Inc. shares while 11 reduced holdings. 8 funds opened positions while 27 raised stakes. 15.55 million shares or 5.32% more from 14.77 million shares in 2018Q1 were reported. Strs Ohio stated it has 0% in Orchid Island Capital, Inc. (NYSE:ORC). 56,909 are owned by California Public Employees Retirement System. Invesco owns 2.60 million shares for 0.01% of their portfolio. Wells Fargo & Mn reported 0% stake. State Street invested 0% of its portfolio in Orchid Island Capital, Inc. (NYSE:ORC). Rhumbline Advisers accumulated 50,944 shares. Legal & General Gp Incorporated Public Limited Company reported 8,365 shares or 0% of all its holdings. Barclays Public Limited Company reported 4,605 shares. Hartford Management Com owns 0.01% invested in Orchid Island Capital, Inc. (NYSE:ORC) for 24,251 shares. Grp Inc has 34,798 shares for 0% of their portfolio. 81,748 were reported by California State Teachers Retirement System. Citigroup invested in 213,751 shares. Ameritas Inv Prtn invested 0% of its portfolio in Orchid Island Capital, Inc. (NYSE:ORC). Bnp Paribas Arbitrage has invested 0% in Orchid Island Capital, Inc. (NYSE:ORC). Vanguard Gru reported 2.60M shares or 0% of all its holdings.

Mr. Coleman Bitting, the acting shareholder at Orchid Island Capital Inc has a few days ago been involved with purchase with a broker of 50 shares of the company, valued at $7.9 per share. The deal value was of $394 USD. He owns 0.04% of the -company’s market cap or 20,944 shares.

Another recent and important Marathon Petroleum Corporation (NYSE:MPC) news was published by Seekingalpha.com which published an article titled: “Marathon Petroleum: Not Done Yet” on August 29, 2018.

Among 11 analysts covering Marathon Petro (NYSE:MPC), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Marathon Petro had 18 analyst reports since March 15, 2018 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Deutsche Bank on Monday, March 19. The company was downgraded on Friday, May 18 by Tudor Pickering. As per Monday, April 9, the company rating was maintained by Scotia Capital. As per Tuesday, April 24, the company rating was maintained by Jefferies. RBC Capital Markets downgraded the stock to “Outperform” rating in Tuesday, May 1 report. The firm earned “Buy” rating on Friday, September 7 by Citigroup. The rating was maintained by Wells Fargo on Thursday, March 15 with “Hold”. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Overweight” rating by JP Morgan on Friday, July 27. As per Tuesday, May 29, the company rating was upgraded by Wells Fargo. RBC Capital Markets maintained Marathon Petroleum Corporation (NYSE:MPC) on Friday, April 20 with “Buy” rating.

Since May 30, 2018, it had 0 insider buys, and 1 sale for $1.97 million activity. The insider Kelley Thomas M. sold 24,818 shares worth $1.97M.

Investors sentiment increased to 0.94 in Q2 2018. Its up 0.04, from 0.9 in 2018Q1. It improved, as 56 investors sold MPC shares while 318 reduced holdings. 113 funds opened positions while 240 raised stakes. 358.01 million shares or 1.09% more from 354.13 million shares in 2018Q1 were reported. Howe & Rusling has 0.01% invested in Marathon Petroleum Corporation (NYSE:MPC) for 985 shares. 3,456 were reported by First Heartland Consultants. Opus Inv Mngmt holds 0.31% in Marathon Petroleum Corporation (NYSE:MPC) or 24,000 shares. Raymond James Trust Na invested 0.59% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Shelton stated it has 0.1% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Burke And Herbert Financial Bank And Trust owns 3,606 shares for 0.23% of their portfolio. Sterling Cap Management Limited Liability Corporation has invested 0.09% in Marathon Petroleum Corporation (NYSE:MPC). Profund Advsr Limited Company has invested 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Swiss State Bank stated it has 0.13% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Wealthtrust Fairport Limited Liability Co holds 0.02% or 2,400 shares. 378 were reported by Lloyds Banking Grp Inc Public Limited Company. Vnbtrust Natl Association holds 0.08% in Marathon Petroleum Corporation (NYSE:MPC) or 3,258 shares. Haverford Tru Commerce reported 0.01% stake. Avalon Advisors Lc has invested 0.26% in Marathon Petroleum Corporation (NYSE:MPC). Lyons Wealth Mngmt accumulated 11,274 shares.

Lord Abbett & Company decreased Hubbell Inc Com stake by 76,629 shares to 1.01 million valued at $107.31 million in 2018Q2. It also reduced Bwx Technologies Inc Com stake by 62,398 shares and now owns 318,445 shares. Intel Corp Com (NASDAQ:INTC) was reduced too.

Orchid Island Capital, Inc. (NYSE:ORC) Institutional Positions Chart

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