Luminus Management Holding in Marathon Petroleum (MPC) Cut by $68.00 Million; Coe Capital Management Has Cut Fastenal Co (FAST) Stake by $349,740

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Luminus Management Llc decreased its stake in Marathon Petroleum Corp (MPC) by 98.94% based on its latest 2018Q3 regulatory filing with the SEC. Luminus Management Llc sold 850,000 shares as the company’s stock declined 26.02% with the market. The hedge fund held 9,137 shares of the integrated oil company at the end of 2018Q3, valued at $731,000, down from 859,137 at the end of the previous reported quarter. Luminus Management Llc who had been investing in Marathon Petroleum Corp for a number of months, seems to be less bullish one the $43.43B market cap company. The stock increased 0.98% or $0.61 during the last trading session, reaching $62.87. About 5.88M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has declined 4.72% since January 9, 2018 and is downtrending. It has underperformed by 4.72% the S&P500. Some Historical MPC News: 14/03/2018 – Iceland Central Bank: Krona Has Appreciated Since Last MPC Meeting, Forex Market Has Remained Well Balanced; 04/04/2018 – NIGERIA’S EMEFIELE SAYS 9 MEMBERS ATTENDED MPC MEETING; 14/03/2018 – STATE NEWSWIRE PAP CITES POLISH MPC MEMBER ANCYPAROWICZ; 11/04/2018 – POLISH MPC MEMBER LON SPEAKS IN WARSAW; 07/03/2018 – POLISH MPC MAY SWIFTLY MOVE TO DISCUSS RATE CUT: GLAPINSKI; 30/04/2018 – MARATHON PETROLEUM CONFIRMS DEAL TO BUY ANDEAVOR; 24/05/2018 – S. AFRICAN RAND HOLDS GAIN AS MPC LEAVES POLICY RATE UNCHANGED; 22/03/2018 – At its meeting ending on 21 March 2018, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%; 22/05/2018 – BANK OF ENGLAND’S CARNEY SAYS MPC HAS HAD “RIGOROUS” DISCUSSION OF PUBLISHING INTEREST RATE PATH, MAJORITY OF MPC NOT IN FAVOUR; 29/04/2018 – Marathon Petroleum will reportedly buy Andeavor for over $20 billion

Coe Capital Management Llc decreased its stake in Fastenal Co (FAST) by 19.21% based on its latest 2018Q3 regulatory filing with the SEC. Coe Capital Management Llc sold 6,030 shares as the company’s stock declined 6.10% with the market. The hedge fund held 25,365 shares of the building materials company at the end of 2018Q3, valued at $1.47M, down from 31,395 at the end of the previous reported quarter. Coe Capital Management Llc who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $15.43 billion market cap company. The stock increased 2.60% or $1.36 during the last trading session, reaching $53.74. About 2.61 million shares traded. Fastenal Company (NASDAQ:FAST) has risen 1.45% since January 9, 2018 and is uptrending. It has outperformed by 1.45% the S&P500. Some Historical FAST News: 06/03/2018 – FASTENAL FEB. NET SALES UP 14.8%; 23/03/2018 – Fastenal Closes Below 50-Day Moving Average: Technicals; 09/04/2018 – Fastenal Co expected to post earnings of 61 cents a share – Earnings Preview; 11/04/2018 – Fastenal 1Q Gross Profit Fell 73 Basis Points; 11/04/2018 – Fastenal Company to Host Investor Presentation; 10/04/2018 – Fastenal Presenting at Macquarie Group Conference May 10; 21/04/2018 – DJ Fastenal Company, Inst Holders, 1Q 2018 (FAST); 11/04/2018 – Fastenal Sees 2018 Net Capital Expenditures About $149M; 01/05/2018 – Fastenal Company Recommends Rejection of Below-Market-Price Mini-Tender Offer by TRC Capital Corporation; 11/04/2018 – Fastenal 1Q-End Inventories Up 12.7%

Investors sentiment increased to 1.24 in Q3 2018. Its up 0.30, from 0.94 in 2018Q2. It is positive, as 34 investors sold MPC shares while 306 reduced holdings. 131 funds opened positions while 289 raised stakes. 385.13 million shares or 7.58% more from 358.01 million shares in 2018Q2 were reported. Carroll Finance owns 1,722 shares or 0.01% of their US portfolio. Dekabank Deutsche Girozentrale accumulated 0.16% or 323,379 shares. M&T Bank Corporation stated it has 77,789 shares or 0.03% of all its holdings. Piedmont Invest Advsr Inc reported 44,803 shares. Whittier holds 0.01% or 4,904 shares. Farmers has invested 0.22% in Marathon Petroleum Corporation (NYSE:MPC). Cambridge Inv Advsrs has 53,542 shares. Paradigm Asset Mngmt Company Ltd Company holds 23,650 shares or 0% of its portfolio. Natl Bank Of America De has 4.02 million shares for 0.05% of their portfolio. Fiera Cap Corporation reported 36,363 shares. Janney Montgomery Scott Ltd has 0.04% invested in Marathon Petroleum Corporation (NYSE:MPC) for 56,743 shares. 28,260 are held by Mariner Llc. Petrus Trust Com Lta reported 4,853 shares. Mitchell Capital Co holds 0.36% or 13,913 shares. Tiverton Asset Mgmt Ltd has 20,724 shares.

Among 23 analysts covering Marathon Petroleum Corp (NYSE:MPC), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Marathon Petroleum Corp had 103 analyst reports since August 10, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, May 29 by Wells Fargo. JP Morgan maintained Marathon Petroleum Corporation (NYSE:MPC) on Friday, June 10 with “Neutral” rating. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Monday, August 22 by Piper Jaffray. The firm earned “Buy” rating on Friday, December 15 by Cowen & Co. JP Morgan upgraded the shares of MPC in report on Wednesday, August 26 to “Overweight” rating. Goldman Sachs upgraded Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, February 13 to “Buy” rating. Citigroup maintained the stock with “Buy” rating in Thursday, December 6 report. The stock has “Buy” rating by Citigroup on Tuesday, March 13. The rating was maintained by Howard Weil with “Sector Outperform” on Thursday, February 4.

Since October 9, 2018, it had 3 insider buys, and 0 insider sales for $384,121 activity. DAVIS STEVEN A also bought $217,490 worth of Marathon Petroleum Corporation (NYSE:MPC) shares.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Seekingalpha.com which released: “Marathon Petroleum Becomes Refining Juggernaut – Seeking Alpha” on October 26, 2018, also Seekingalpha.com with their article: “Marathon Petroleum: Not Done Yet – Seeking Alpha” published on August 28, 2018, Seekingalpha.com published: “Marathon Petroleum closes Andeavor deal, creating largest U.S. refiner – Seeking Alpha” on October 01, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Fool.com and their article: “With Market Conditions This Good, How Can Marathon Petroleum Not Crush Earnings? – The Motley Fool” published on July 27, 2018 as well as Bizjournals.com‘s news article titled: “Year in Review: Top 5 stories from Texas energy in 2018 – Houston Business Journal” with publication date: December 31, 2018.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on February, 7. They expect $1.14 EPS, up 8.57% or $0.09 from last year’s $1.05 per share. MPC’s profit will be $787.57M for 13.79 P/E if the $1.14 EPS becomes a reality. After $1.70 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -32.94% negative EPS growth.

Luminus Management Llc, which manages about $3.51 billion and $6.14B US Long portfolio, upped its stake in Nucor Corp (NYSE:NUE) by 178,100 shares to 2.30M shares, valued at $146.22M in 2018Q3, according to the filing. It also increased its holding in Sempra Energy (NYSE:SRE) by 241,348 shares in the quarter, for a total of 512,348 shares, and has risen its stake in Lyondellbasell Indu (NYSE:LYB).

Coe Capital Management Llc, which manages about $649.91M and $101.28M US Long portfolio, upped its stake in Vulcan Matls Co (NYSE:VMC) by 4,395 shares to 18,803 shares, valued at $2.09M in 2018Q3, according to the filing. It also increased its holding in Mastec Inc (NYSE:MTZ) by 6,970 shares in the quarter, for a total of 52,890 shares, and has risen its stake in Vanguard Intl Equity Index F (VEU).

Analysts await Fastenal Company (NASDAQ:FAST) to report earnings on January, 17 before the open. They expect $0.60 EPS, up 33.33% or $0.15 from last year’s $0.45 per share. FAST’s profit will be $172.23M for 22.39 P/E if the $0.60 EPS becomes a reality. After $0.69 actual EPS reported by Fastenal Company for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

Investors sentiment is 1.04 in Q3 2018. Its the same as in 2018Q2. It is flat, as 31 investors sold FAST shares while 221 reduced holdings. only 81 funds opened positions while 181 raised stakes. 233.70 million shares or 1.46% less from 237.15 million shares in 2018Q2 were reported. Rmb Capital Management Limited owns 22,874 shares or 0.03% of their US portfolio. Laffer Invs holds 0% or 42,354 shares. Cwm Ltd Liability reported 238 shares. Oregon Employees Retirement Fund has invested 0.06% in Fastenal Company (NASDAQ:FAST). Teacher Retirement System Of Texas holds 0.07% or 171,745 shares. 3.39M were reported by Northern Trust. Dekabank Deutsche Girozentrale accumulated 0.01% or 28,683 shares. Keybank Association Oh reported 0% in Fastenal Company (NASDAQ:FAST). Dnb Asset Mngmt As holds 0% of its portfolio in Fastenal Company (NASDAQ:FAST) for 46,968 shares. Canada Pension Plan Inv Board invested 0.05% in Fastenal Company (NASDAQ:FAST). M&R Management holds 5,000 shares or 0.06% of its portfolio. Kentucky Retirement Sys has 0.08% invested in Fastenal Company (NASDAQ:FAST) for 22,540 shares. 122,020 were accumulated by Aperio Gru Ltd. Raymond James Tru Na stated it has 41,791 shares or 0.15% of all its holdings. Allsquare Wealth Mngmt Ltd holds 0.01% in Fastenal Company (NASDAQ:FAST) or 136 shares.

Among 20 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. Fastenal had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, April 19 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Hold” on Monday, August 21. Robert W. Baird maintained Fastenal Company (NASDAQ:FAST) rating on Wednesday, January 17. Robert W. Baird has “Buy” rating and $56.0 target. The firm earned “Hold” rating on Monday, January 8 by Stifel Nicolaus. The stock of Fastenal Company (NASDAQ:FAST) has “Buy” rating given on Tuesday, January 19 by Stifel Nicolaus. The stock of Fastenal Company (NASDAQ:FAST) has “Hold” rating given on Monday, April 9 by BMO Capital Markets. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) on Wednesday, January 17 with “Hold” rating. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, October 12. Stifel Nicolaus has “Hold” rating and $47.0 target. The rating was maintained by William Blair on Friday, September 4 with “Hold”. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 14.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart