Intersect Capital Increases Holding in Intl Paper Co (IP); Cs Mckee LP Has Lifted Marathon Petro (MPC) Stake

February 15, 2018 - By Vivian Park

Cs Mckee Lp increased its stake in Marathon Petro (MPC) by 10.09% based on its latest 2017Q3 regulatory filing with the SEC. Cs Mckee Lp bought 35,985 shares as the company’s stock rose 5.52% with the market. The institutional investor held 392,610 shares of the integrated oil company at the end of 2017Q3, valued at $22.02 million, up from 356,625 at the end of the previous reported quarter. Cs Mckee Lp who had been investing in Marathon Petro for a number of months, seems to be bullish on the $32.68 billion market cap company. The stock decreased 1.35% or $0.9194 during the last trading session, reaching $67.2406. About 1.09 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since February 15, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Intersect Capital Llc increased its stake in Intl Paper Co (IP) by 34.03% based on its latest 2017Q3 regulatory filing with the SEC. Intersect Capital Llc bought 5,997 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 23,619 shares of the paper company at the end of 2017Q3, valued at $1.34 million, up from 17,622 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $23.93 billion market cap company. The stock decreased 0.72% or $0.42 during the last trading session, reaching $57.96. About 556,658 shares traded. International Paper Company (NYSE:IP) has risen 26.95% since February 15, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.




Since September 14, 2017, it had 0 buys, and 5 insider sales for $7.73 million activity. Kelley Thomas M. sold $2.31M worth of stock. Palmer C. Michael had sold 50,746 shares worth $3.29M on Thursday, December 14.

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. As per Wednesday, November 15, the company rating was downgraded by UBS. The firm earned “Overweight” rating on Tuesday, October 10 by Barclays Capital. The rating was downgraded by Wells Fargo on Monday, February 5 to “Sell”. The firm earned “Buy” rating on Friday, August 25 by Jefferies. Cowen & Co maintained Marathon Petroleum Corporation (NYSE:MPC) on Thursday, February 1 with “Buy” rating. As per Wednesday, October 18, the company rating was maintained by RBC Capital Markets. The stock has “Sector Outperform” rating by Howard Weil on Thursday, February 4. The firm has “Hold” rating given on Wednesday, January 10 by Scotia Capital. The firm has “Outperform” rating by Wells Fargo given on Wednesday, October 7. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets on Wednesday, December 20.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.14, from 1.05 in 2017Q2. It turned negative, 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. The United Kingdom-based Barclays Plc has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). First Fincl Corporation In has 4,750 shares for 0.17% of their portfolio. Peoples Fincl Svcs reported 0.09% in Marathon Petroleum Corporation (NYSE:MPC). Foster & Motley Incorporated accumulated 0.16% or 16,575 shares. Seatown Pte Limited, Singapore-based fund reported 7,600 shares. Creative Planning reported 41,060 shares. Rdl Financial accumulated 4,532 shares. Amg Funds Limited Liability holds 1.53% or 49,673 shares in its portfolio. 1.18M are owned by Waddell & Reed Inc. State Of Tennessee Treasury Department accumulated 0.17% or 597,270 shares. Burney stated it has 38,498 shares or 0.13% of all its holdings. Tiedemann Wealth Mngmt Ltd Liability Corporation holds 18,796 shares. Gulf Int Bank & Trust (Uk) Limited holds 0.13% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 167,821 shares. 3G Ptnrs Lp invested in 2.07% or 400,000 shares. Arcadia Investment Mgmt Mi holds 1,000 shares.

Cs Mckee Lp, which manages about $11.10B and $1.29B US Long portfolio, decreased its stake in Goldman Sachs (NYSE:GS) by 1,375 shares to 100,314 shares, valued at $23.79M in 2017Q3, according to the filing. It also reduced its holding in Borg Warner (NYSE:BWA) by 14,540 shares in the quarter, leaving it with 410,155 shares, and cut its stake in Microsoft (NASDAQ:MSFT).

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