State Street (STT) Market Valuation Declined While Denali Advisors Cut by $4.45 Million Its Position; Telemark Asset Management Maintains Position in Marathon Pete (MPC)

June 14, 2018 - By Winifred Garcia

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Telemark Asset Management Llc increased its stake in Marathon Pete Corp (MPC) by 31.25% based on its latest 2018Q1 regulatory filing with the SEC. Telemark Asset Management Llc bought 50,000 shares as the company’s stock rose 16.16% while stock markets declined. The hedge fund held 210,000 shares of the integrated oil company at the end of 2018Q1, valued at $15.35 million, up from 160,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Marathon Pete Corp for a number of months, seems to be bullish on the $34.78B market cap company. The stock increased 0.55% or $0.42 during the last trading session, reaching $75.29. About 3.30M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since June 14, 2017 and is uptrending. It has outperformed by 34.24% the S&P500. Some Historical MPC News: 05/04/2018 – CORRECT: 1 MEMBER OF 6-MEMBER MPC VOTED IN FAVOR OF RATE HIKE; 19/04/2018 – INDIA MPC MEMBER GHATE CREDIT GROWTH CONTINUES TO PICK UP, AFTER LAGGING BEHIND NOMINAL GDP GROWTH IN THE LAST TWO YEARS; 08/05/2018 – Marathon Texas City, Texas refineries restoring production; 20/04/2018 – Bank of England MPC’s range of views maybe no wider than normal – Saunders; 22/03/2018 – Incident News: Marathon Petroleum Co, Mississippi River MM140; 22/03/2018 – BANCO DE MOCAMBIQUE COMMENTS ON MPC DATE ON WEBSITE; 22/03/2018 – NIGERIA’S SENATE APPROVES FESTUS ADENIKINJU, ALIYU RAFINDADI SANUSI AND ROBERT CHINWENDU ASOGWA AS NEW MPC MEMBERS; 30/04/2018 – Marathon Petroleum said it would buy rival Andeavor for more than $23 billion; 07/03/2018 – POLISH CENTRAL BANK COMMENTS IN STATEMENT AFTER MPC MEETING; 21/03/2018 – MPC CONTAINER SHIPS TO MOVE TO OSLO MAIN BOARD FROM AXESS

Denali Advisors Llc decreased its stake in State Street Corporation (STT) by 97.59% based on its latest 2018Q1 regulatory filing with the SEC. Denali Advisors Llc sold 44,500 shares as the company’s stock declined 5.94% with the market. The institutional investor held 1,100 shares of the major banks company at the end of 2018Q1, valued at $110,000, down from 45,600 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in State Street Corporation for a number of months, seems to be less bullish one the $36.01B market cap company. The stock increased 0.18% or $0.18 during the last trading session, reaching $98.54. About 1.07M shares traded. State Street Corporation (NYSE:STT) has risen 22.32% since June 14, 2017 and is uptrending. It has outperformed by 9.75% the S&P500. Some Historical STT News: 29/05/2018 – State Street Global Advisors Announces Changes to Seven SPDR ETFs; 24/05/2018 – State Street Chief Financial Officer to Speak at the Deutsche Bank 8th Annual Global Financial Services Conference; 06/03/2018 – STATE STREET – DEVELOPED & BEGUN LICENSING SUITE OF RULES-BASED INVESTMENT STRATEGIES, OR INVESTABLE INDICES, FOR INSTITUTIONAL INVESTORS; 20/04/2018 – STATE STREET CORP – QTRLY TOTAL FEE REVENUE $2,363 MLN, UP 7.5 PCT; 22/03/2018 – STATE STREET APPLEYARD CHIEF ACCOUNTING OFFICER; 05/03/2018 State Street Global Advisors Announces Impact of Receiving Settlement Payments; 08/05/2018 – Lack of Wall St back-office deters mainstream crypto investments; 29/05/2018 – GlobalCapital Names State Street Global Advisors ‘; 04/05/2018 – Ex-State Street employee accused by U.S. of defrauding insurer; 07/05/2018 – MOVES-State Street Global Advisors names new head of Americas Distribution for SPDR ETFs

More important recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Bizjournals.com which released: “Andeavor makes deal to boost expansion of ARCO gas stations in Mexico” on June 12, 2018, also Benzinga.com published article titled: “Competing Bid Unlikely In Andeavor-Marathon Merger, Credit Suisse Says In Downgrade”, Bizjournals.com published: “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” on June 04, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) was released by: Seekingalpha.com and their article: “Reuters: Marathon Petroleum seeking EPA biofuel waiver” with publication date: May 23, 2018.

Since March 6, 2018, it had 1 insider purchase, and 2 selling transactions for $3.27 million activity. BUNCH CHARLES E had bought 1,500 shares worth $101,070 on Tuesday, March 6.

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.06, from 0.96 in 2017Q4. It dropped, 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. Fukoku Mutual Life Ins holds 0.03% or 3,100 shares in its portfolio. Liberty Mutual Gp Asset Mgmt Inc holds 20,177 shares. Covington Advsr accumulated 43,030 shares. Mufg Americas Holdg invested in 0.06% or 26,601 shares. Integral Derivatives Ltd Liability reported 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Aldebaran has 29,885 shares for 1.47% of their portfolio. Jennison Llc accumulated 314,654 shares or 0.02% of the stock. Loomis Sayles Limited Partnership has 400,734 shares for 0.06% of their portfolio. Stillwater Investment Management Lc has 1.09% invested in Marathon Petroleum Corporation (NYSE:MPC) for 34,224 shares. Compton Mngmt Incorporated Ri has invested 0.17% in Marathon Petroleum Corporation (NYSE:MPC). The New York-based Fny Managed Accounts Lc has invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Field Main Financial Bank holds 0.33% or 4,585 shares. Quantbot Tech Ltd Partnership accumulated 237 shares or 0% of the stock. Mirae Asset Invests Company has 0.01% invested in Marathon Petroleum Corporation (NYSE:MPC) for 8,841 shares. White Pine Invest owns 71,460 shares.

Among 21 analysts covering Marathon Petroleum Corp (NYSE:MPC), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Marathon Petroleum Corp had 93 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Friday, June 10. The firm has “Neutral” rating given on Monday, August 24 by Bank of America. RBC Capital Markets downgraded Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, May 1 to “Outperform” rating. On Wednesday, November 25 the stock rating was maintained by Oppenheimer with “Outperform”. Scotia Capital maintained it with “Hold” rating and $70.0 target in Thursday, December 21 report. The firm has “Buy” rating given on Thursday, June 22 by Jefferies. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Overweight” rating given on Wednesday, August 26 by JP Morgan. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Outperform” rating by Wells Fargo on Tuesday, May 29. The rating was downgraded by Jefferies to “Hold” on Monday, February 5. The stock has “Buy” rating by Zacks on Monday, August 10.

Telemark Asset Management Llc, which manages about $460.03M and $685.43 million US Long portfolio, decreased its stake in Trimble Inc (NASDAQ:TRMB) by 150,000 shares to 400,000 shares, valued at $14.35M in 2018Q1, according to the filing.

Among 19 analysts covering State Street Corporation (NYSE:STT), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. State Street Corporation had 83 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by Jefferies. Barclays Capital maintained the shares of STT in report on Tuesday, January 3 with “Overweight” rating. UBS upgraded the stock to “Buy” rating in Monday, June 5 report. The rating was maintained by Argus Research on Thursday, January 28 with “Buy”. On Wednesday, December 13 the stock rating was upgraded by Wood to “Outperform”. The firm has “Buy” rating given on Friday, April 20 by Keefe Bruyette & Woods. The rating was maintained by Deutsche Bank on Friday, May 27 with “Hold”. Keefe Bruyette & Woods upgraded the stock to “Mkt Perform” rating in Wednesday, October 5 report. The firm has “Buy” rating given on Tuesday, January 23 by Keefe Bruyette & Woods. The stock of State Street Corporation (NYSE:STT) has “Neutral” rating given on Monday, October 9 by Citigroup.

Analysts await State Street Corporation (NYSE:STT) to report earnings on July, 25. They expect $2.02 EPS, up 20.96% or $0.35 from last year’s $1.67 per share. STT’s profit will be $738.12 million for 12.20 P/E if the $2.02 EPS becomes a reality. After $1.62 actual EPS reported by State Street Corporation for the previous quarter, Wall Street now forecasts 24.69% EPS growth.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It turned negative, as 29 investors sold STT shares while 287 reduced holdings. 66 funds opened positions while 210 raised stakes. 310.21 million shares or 0.79% less from 312.70 million shares in 2017Q4 were reported. 1.13M were reported by Amundi Pioneer Asset Mgmt Inc. Bank & Trust Of Nova Scotia, a Ontario – Canada-based fund reported 127,338 shares. Moors Cabot reported 0.25% stake. Nichols Pratt Advisers Llp Ma invested 1.96% in State Street Corporation (NYSE:STT). Rosenbaum Jay D holds 0.81% or 4,000 shares in its portfolio. Nelson Van Denburg Campbell Wealth Group Limited Liability Company invested 0.22% in State Street Corporation (NYSE:STT). Cullinan Associates Incorporated holds 0.03% or 4,065 shares. Jnba Fincl Advsrs holds 0.01% or 785 shares in its portfolio. Loomis Sayles Limited Partnership has 179,209 shares for 0.04% of their portfolio. Boston Family Office Limited Liability invested 0.06% of its portfolio in State Street Corporation (NYSE:STT). Ls Inv Advisors Lc owns 13,578 shares or 0.08% of their US portfolio. Amer Research And Mgmt Com holds 0.01% or 425 shares. Bath Savings Trust Company holds 10,090 shares or 0.25% of its portfolio. 71,647 were accumulated by Assetmark Inc. Financial Bank Of Mellon has 0.12% invested in State Street Corporation (NYSE:STT).

Since February 15, 2018, it had 0 insider purchases, and 14 selling transactions for $10.45 million activity. Another trade for 25,000 shares valued at $2.55 million was made by HOOLEY JOSEPH L on Tuesday, May 15. Erickson Andrew also sold $23,280 worth of State Street Corporation (NYSE:STT) on Wednesday, May 16. 7,129 shares were sold by Keenan Karen C, worth $734,786 on Thursday, February 15. $570,732 worth of State Street Corporation (NYSE:STT) was sold by Grove Hannah M. On Thursday, February 15 Kuritzkes Andrew P sold $1.04M worth of State Street Corporation (NYSE:STT) or 9,992 shares. Shares for $360,230 were sold by Sullivan George E on Thursday, February 15.

Denali Advisors Llc, which manages about $357.49M and $623.59M US Long portfolio, upped its stake in Arrow Electronics Inc (NYSE:ARW) by 123,400 shares to 168,600 shares, valued at $12.99M in 2018Q1, according to the filing. It also increased its holding in Verisign Inc (NASDAQ:VRSN) by 7,100 shares in the quarter, for a total of 20,200 shares, and has risen its stake in Lear Corporation (NYSE:LEA).

State Street Corporation (NYSE:STT) Institutional Positions Chart

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