Marathon Petro (MPC) Shares Rose While Cs Mckee LP Upped Holding by $2.02 Million; Asa Gold & Precious Metals LTD Raised Holding in Eldorado Gold (EGO) by $1.79 Million

February 17, 2018 - By Stephen Andrade

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 $33.01B market cap company. The stock increased 0.19% or $0.13 during the last trading session, reaching $67.93. About 3.30 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since February 17, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Asa Gold & Precious Metals Ltd increased its stake in Eldorado Gold Corp (EGO) by 137.93% based on its latest 2017Q3 regulatory filing with the SEC. Asa Gold & Precious Metals Ltd bought 896,570 shares as the company’s stock declined 5.46% while stock markets rallied. The institutional investor held 1.55 million shares of the precious metals company at the end of 2017Q3, valued at $3.40M, up from 650,000 at the end of the previous reported quarter. Asa Gold & Precious Metals Ltd who had been investing in Eldorado Gold Corp for a number of months, seems to be bullish on the $885.90M market cap company. The stock decreased 3.45% or $0.04 during the last trading session, reaching $1.12. About 11.09 million shares traded or 22.83% up from the average. Eldorado Gold Corporation (NYSE:EGO) has declined 23.79% since February 17, 2017 and is downtrending. It has underperformed by 40.49% the S&P500.

Among 16 analysts covering Eldorado Gold Corporation (NYSE:EGO), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Eldorado Gold Corporation had 60 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 2 report. The firm has “Outperform” rating given on Monday, August 24 by Howard Weil. RBC Capital Markets maintained it with “Outperform” rating and $3.5 target in Tuesday, January 19 report. The firm has “Buy” rating by TD Securities given on Friday, April 28. The firm has “Neutral” rating given on Monday, September 25 by Credit Suisse. The firm has “Hold” rating given on Monday, August 24 by Canaccord Genuity. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Hold” rating given on Monday, November 13 by J.P. Morgan. The firm has “Buy” rating by TD Securities given on Wednesday, June 28. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Market Perform” rating given on Friday, August 14 by BMO Capital Markets. The rating was downgraded by Raymond James to “Market Perform” on Monday, August 24.

Cs Mckee Lp, which manages about $11.10B and $1.29 billion US Long portfolio, decreased its stake in Borg Warner (NYSE:BWA) by 14,540 shares to 410,155 shares, valued at $21.01 million in 2017Q3, according to the filing. It also reduced its holding in Bank Of New York Mel (NYSE:BK) by 15,200 shares in the quarter, leaving it with 479,368 shares, and cut its stake in Eog Resources (NYSE:EOG).

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.14, from 1.05 in 2017Q2. It is 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. Fulton National Bank & Trust Na owns 21,842 shares. Rampart Investment Mgmt Communication reported 6,382 shares stake. Choate Invest Advsr holds 10,634 shares. 5,496 were reported by Buckingham Asset Mngmt Limited Liability. Burney Communication holds 0.13% or 38,498 shares in its portfolio. Lord Abbett And Ltd Limited Liability Company invested in 0.03% or 196,776 shares. Moreover, Vantage Investment Limited Com has 0.85% invested in Marathon Petroleum Corporation (NYSE:MPC) for 194,252 shares. Quinn Opportunity Ltd Llc holds 0.14% or 15,600 shares. Covington Invest Advisors has invested 0.88% in Marathon Petroleum Corporation (NYSE:MPC). Denver Inv Advisors Lc has invested 0.52% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Aspiriant Ltd Liability Corp invested in 0.04% or 8,729 shares. Private Ocean Ltd Llc reported 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). First Heartland Consultants has 3,652 shares. Caxton Lp stated it has 0.02% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Moreover, Gabelli Funds Ltd has 0.15% invested in Marathon Petroleum Corporation (NYSE:MPC) for 462,600 shares.

Since September 14, 2017, it had 0 insider buys, and 5 insider sales for $7.73 million activity. On Thursday, December 14 the insider Kelley Thomas M. sold $2.31 million. Nichols Rodney P. had sold 6,374 shares worth $413,864 on Thursday, December 14.

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By1 Stephen Andrade

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