Facebook (FB) Shareholder Brouwer & Janachowski Has Boosted Its Position by $1.69 Million as Stock Rose; As Marathon Petroleum (MPC) Market Valuation Rose, Cullinan Associates Cut Its Holding by $1.10 Million

February 22, 2018 - By Adrian Erickson

Cullinan Associates Inc decreased its stake in Marathon Petroleum Corp (MPC) by 16.93% based on its latest 2017Q3 regulatory filing with the SEC. Cullinan Associates Inc sold 19,680 shares as the company’s stock rose 5.52% with the market. The institutional investor held 96,530 shares of the integrated oil company at the end of 2017Q3, valued at $5.41 million, down from 116,210 at the end of the previous reported quarter. Cullinan Associates Inc who had been investing in Marathon Petroleum Corp for a number of months, seems to be less bullish one the $32.57 billion market cap company. The stock increased 1.12% or $0.74 during the last trading session, reaching $67.01. About 1.76 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since February 22, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Brouwer & Janachowski Llc increased its stake in Facebook Inc (FB) by 58.22% based on its latest 2017Q3 regulatory filing with the SEC. Brouwer & Janachowski Llc bought 9,952 shares as the company’s stock rose 10.88% with the market. The institutional investor held 27,047 shares of the technology company at the end of 2017Q3, valued at $4.62 million, up from 17,095 at the end of the previous reported quarter. Brouwer & Janachowski Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $517.96 billion market cap company. The stock increased 0.22% or $0.39 during the last trading session, reaching $178.3. About 12.05M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 22, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It is negative, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Exxonmobil Mngmt Tx holds 1.87% in Facebook, Inc. (NASDAQ:FB) or 432,857 shares. Freestone Capital Hldgs Ltd Limited Liability Company has 0.04% invested in Facebook, Inc. (NASDAQ:FB). Wetherby Asset Mgmt Inc invested in 1.36% or 53,653 shares. Kcm Investment Advsrs Ltd Liability Corp stated it has 297,125 shares or 3.1% of all its holdings. Fernwood Inv Management Ltd, a Massachusetts-based fund reported 24,483 shares. Marketfield Asset Management Limited Com, New York-based fund reported 47,146 shares. Moreover, Fulton Breakefield Broenniman Lc has 1.08% invested in Facebook, Inc. (NASDAQ:FB). Mutual Of America Capital Mngmt Ltd Liability holds 0.81% in Facebook, Inc. (NASDAQ:FB) or 288,917 shares. Harvest Cap Mngmt holds 0.15% or 2,300 shares in its portfolio. Melvin Capital Limited Partnership stated it has 924,464 shares or 1.9% of all its holdings. Edgewood Ltd Com reported 5.67% stake. Sandy Spring Commercial Bank reported 31,505 shares stake. Hemenway Tru Comm Ltd Liability Corporation, New Hampshire-based fund reported 2,347 shares. 7,771 are held by First Heartland Consultants Incorporated. 19,660 are held by Pax World Mgmt Limited Liability Corp.

Since August 24, 2017, it had 0 insider purchases, and 35 sales for $735.05 million activity. Cox Christopher K sold $2.83M worth of stock or 16,000 shares. 38,042 shares valued at $6.77 million were sold by Schroepfer Michael Todd on Tuesday, December 12. Zuckerberg Mark sold 247,147 shares worth $42.50M. FISCHER DAVID B. sold $2.75M worth of stock. $9.75 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Sandberg Sheryl. Koum Jan also sold $109.70M worth of Facebook, Inc. (NASDAQ:FB) shares.

Brouwer & Janachowski Llc, which manages about $1.28 billion and $516.39 million US Long portfolio, decreased its stake in Vanguard World Fd (MGC) by 8,942 shares to 33,242 shares, valued at $2.87 million in 2017Q3, according to the filing. It also reduced its holding in Schwab Strategic Tr (SCHB) by 18,174 shares in the quarter, leaving it with 240,222 shares, and cut its stake in Schwab Strategic Tr (FNDA).

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, October 19 the stock rating was maintained by SunTrust with “Buy”. Piper Jaffray maintained it with “Overweight” rating and $146 target in Tuesday, August 18 report. Jefferies maintained Facebook, Inc. (NASDAQ:FB) rating on Monday, June 5. Jefferies has “Buy” rating and $19200 target. The firm earned “Strong Buy” rating on Friday, January 13 by Raymond James. The firm has “Buy” rating by Canaccord Genuity given on Monday, October 9. Cowen & Co maintained it with “Buy” rating and $200.0 target in Tuesday, October 31 report. Canaccord Genuity maintained the shares of FB in report on Monday, July 24 with “Buy” rating. The firm has “Outperform” rating by Cowen & Co given on Thursday, April 28. The stock of Facebook, Inc. (NASDAQ:FB) has “Overweight” rating given on Thursday, November 5 by Morgan Stanley. The firm has “Strong Buy” rating given on Thursday, July 27 by Raymond James.

Cullinan Associates Inc, which manages about $1.27 billion and $1.30 billion US Long portfolio, upped its stake in Cummins (NYSE:CMI) by 12,013 shares to 13,633 shares, valued at $2.29 million in 2017Q3, according to the filing. It also increased its holding in The Travelers Companies (NYSE:TRV) by 7,250 shares in the quarter, for a total of 30,566 shares, and has risen its stake in Metlife Inc (NYSE:MET).

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on April, 26. They expect $0.67 EPS, up 1,016.67% or $0.61 from last year’s $0.06 per share. MPC’s profit will be $325.62M for 25.00 P/E if the $0.67 EPS becomes a reality. After $1.05 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -36.19% negative EPS growth.

Since September 14, 2017, it had 0 buys, and 5 sales for $7.73 million activity. Another trade for 50,746 shares valued at $3.29M was sold by Palmer C. Michael. $2.31M worth of Marathon Petroleum Corporation (NYSE:MPC) shares were sold by Kelley Thomas M..

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.14, from 1.05 in 2017Q2. It fall, 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. Reaves W H Co has 332,897 shares for 0.68% of their portfolio. Sumitomo Mitsui Holdings holds 0.13% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 1.66 million shares. Markston Limited Liability Company has 1.4% invested in Marathon Petroleum Corporation (NYSE:MPC). Horan Advsr Ltd Liability Co holds 1,000 shares. Sterling Mngmt Ltd has invested 0.09% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Alphamark Advisors reported 20 shares stake. Rdl Fincl Inc holds 0.18% or 4,532 shares in its portfolio. Amalgamated Savings Bank accumulated 0.1% or 57,720 shares. Selway Asset Mngmt, Idaho-based fund reported 72,000 shares. Old Republic Corp reported 284,000 shares. Duncker Streett holds 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 730 shares. New Mexico Educational Retirement Board holds 0.13% or 48,170 shares. Rodgers Brothers, Pennsylvania-based fund reported 16,716 shares. Chilton Invest Commerce Ltd Co holds 0.05% or 21,899 shares in its portfolio. Sumitomo Mitsui Asset holds 0.05% or 58,510 shares.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. Marathon Petroleum Corp had 75 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Monday, August 24. Deutsche Bank maintained it with “Buy” rating and $66 target in Friday, December 4 report. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Sector Outperform” rating given on Tuesday, December 15 by Howard Weil. Bank of America upgraded Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, January 5 to “Neutral” rating. UBS downgraded the shares of MPC in report on Wednesday, November 15 to “Neutral” rating. The stock has “Buy” rating by Cowen & Co on Friday, December 15. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Sell” rating by UBS on Thursday, May 19. The rating was downgraded by JP Morgan on Friday, February 5 to “Neutral”. Howard Weil maintained Marathon Petroleum Corporation (NYSE:MPC) on Friday, October 28 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 31 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts