As Novartis Ag Spon Adr (NVS) Stock Declined, Thompson Rubinstein Investment Management Has Raised by $480,985 Its Stake; Marathon Pete (MPC) Shareholder Macquarie Group LTD Cut Holding

April 19, 2018 - By Stephen Andrade

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Thompson Rubinstein Investment Management Inc increased its stake in Novartis Ag Spon Adr (NVS) by 8.39% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Rubinstein Investment Management Inc bought 5,795 shares as the company’s stock declined 4.22% with the market. The institutional investor held 74,866 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $6.29M, up from 69,071 at the end of the previous reported quarter. Thompson Rubinstein Investment Management Inc who had been investing in Novartis Ag Spon Adr for a number of months, seems to be bullish on the $191.77 billion market cap company. The stock decreased 0.10% or $0.08 during the last trading session, reaching $81.7. About 4.39 million shares traded or 142.26% up from the average. Novartis AG (NYSE:NVS) has risen 5.79% since April 19, 2017 and is uptrending. It has underperformed by 5.76% the S&P500.

Macquarie Group Ltd decreased its stake in Marathon Pete Corp (MPC) by 5.62% based on its latest 2017Q4 regulatory filing with the SEC. Macquarie Group Ltd sold 7,100 shares as the company’s stock rose 9.83% while stock markets declined. The institutional investor held 119,267 shares of the integrated oil company at the end of 2017Q4, valued at $7.72M, down from 126,367 at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $37.37 billion market cap company. The stock increased 0.29% or $0.23 during the last trading session, reaching $78.78. About 4.19M shares traded or 2.99% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since April 19, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital upgraded Novartis AG (NYSE:NVS) on Friday, June 23 to “Hold” rating. The stock of Novartis AG (NYSE:NVS) has “Sell” rating given on Wednesday, December 6 by Bank of America. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, July 5. On Wednesday, October 28 the stock rating was downgraded by Mainfirst to “Underperform”. The stock has “Hold” rating by Leerink Swann on Thursday, June 22. As per Tuesday, September 20, the company rating was initiated by Chardan Capital Markets. The rating was downgraded by Leerink Swann to “Market Perform” on Wednesday, March 23. The firm earned “Neutral” rating on Friday, June 16 by J P Morgan Chase Co. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Hold”. The company was maintained on Monday, October 23 by Leerink Swann.

Thompson Rubinstein Investment Management Inc, which manages about $259.90 million and $303.75 million US Long portfolio, decreased its stake in Bruker Corporation (NASDAQ:BRKR) by 28,185 shares to 134,447 shares, valued at $4.61 million in 2017Q4, according to the filing.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on May, 1 before the open. They expect $0.24 EPS, up 300.00% or $0.18 from last year’s $0.06 per share. MPC’s profit will be $113.86M for 82.06 P/E if the $0.24 EPS becomes a reality. After $1.05 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -77.14% negative EPS growth.

Macquarie Group Ltd, which manages about $56.56B US Long portfolio, upped its stake in Cable One Inc by 16,052 shares to 92,419 shares, valued at $65.00 million in 2017Q4, according to the filing. It also increased its holding in Ncr Corp New (NYSE:NCR) by 699,600 shares in the quarter, for a total of 767,500 shares, and has risen its stake in Fifth Third Bancorp (NASDAQ:FITB).

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold MPC shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported. Franklin holds 223,095 shares. Suntrust Banks owns 0.03% invested in Marathon Petroleum Corporation (NYSE:MPC) for 79,266 shares. Marshall Wace Llp owns 41,682 shares. Kansas-based Koch Indus has invested 0.05% in Marathon Petroleum Corporation (NYSE:MPC). Pillar Pacific Capital Lc holds 0.16% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 19,527 shares. Guggenheim Limited Company holds 0.16% in Marathon Petroleum Corporation (NYSE:MPC) or 1.04 million shares. Communication Of Virginia Va holds 1.03% or 111,249 shares. Van Eck Assoc accumulated 10,371 shares. Macquarie Gru holds 119,267 shares or 0.01% of its portfolio. New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Nomura Holdg holds 0.04% or 362,932 shares. Charter has 14,332 shares for 0.11% of their portfolio. Fdx Advisors Inc, a California-based fund reported 21,946 shares. Doheny Asset Mngmt Ca invested in 1.89% or 61,550 shares. Great Lakes Limited Liability Company reported 0.14% in Marathon Petroleum Corporation (NYSE:MPC).

Since December 12, 2017, it had 1 insider buy, and 5 insider sales for $8.42 million activity. 6,374 shares were sold by Nichols Rodney P., worth $413,864. The insider Palmer C. Michael sold $1.12 million. The insider BUNCH CHARLES E bought $101,070.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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