Palisade Capital Management Holding in Marathon Pete (MPC) Lowered by $325,160; Arrowpoint Asset Management Increased Holding in J2 Global (JCOM) by $7.46 Million as Stock Price Rose

Marathon Petroleum Corporation (NYSE:MPC) Logo

Arrowpoint Asset Management Llc increased its stake in J2 Global Inc (JCOM) by 6.16% based on its latest 2019Q2 regulatory filing with the SEC. Arrowpoint Asset Management Llc bought 84,805 shares as the company’s stock rose 3.08% . The institutional investor held 1.46M shares of the technology company at the end of 2019Q2, valued at $129.91M, up from 1.38M at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in J2 Global Inc for a number of months, seems to be bullish on the $4.51 billion market cap company. The stock increased 1.66% or $1.48 during the last trading session, reaching $90.69. About 366,207 shares traded or 8.43% up from the average. j2 Global, Inc. (NASDAQ:JCOM) has risen 5.54% since September 12, 2018 and is uptrending. It has outperformed by 5.54% the S&P500. Some Historical JCOM News: 05/03/2018 Campaigner® Launches Landing Pages to Help Marketers Take Customer Engagement One Click Further; 15/05/2018 – Wellington Management Group LLP Exits Position in J2 Global; 11/05/2018 – Macquarie Investment Business Trust Buys 1.7% of J2 Global; 07/05/2018 – J2 GLOBAL INC JCOM.O FY2018 REV VIEW $1.23 BLN — THOMSON REUTERS l/B/E/S; 15/05/2018 – Arrowmark Adds J2 Global, Exits Cadence Design: 13F; 09/04/2018 – j2 Global Expands Executive Team with Key New Hire; 16/04/2018 – j2 Global to Announce First Quarter 2018 Earnings; 07/05/2018 – J2 GLOBAL 1Q ADJ EPS $1.22, EST. $1.20; 22/05/2018 – J2 Global Presenting at Barclays Conference Tomorrow; 07/05/2018 – J2 GLOBAL INC JCOM.O SEES FY 2018 REVENUE $1.2 BLN TO $1.25 BLN

Palisade Capital Management Llc decreased its stake in Marathon Pete Corp (MPC) by 4.22% based on its latest 2019Q2 regulatory filing with the SEC. Palisade Capital Management Llc sold 5,912 shares as the company’s stock declined 5.94% . The hedge fund held 134,135 shares of the integrated oil company at the end of 2019Q2, valued at $7.50M, down from 140,047 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $35.62 billion market cap company. The stock decreased 0.68% or $0.37 during the last trading session, reaching $54.11. About 6.10M shares traded or 0.23% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has declined 30.81% since September 12, 2018 and is downtrending. It has underperformed by 30.81% the S&P500. Some Historical MPC News: 29/04/2018 – Marathon Purchase of Andeavor to Be Announced Monday; 22/03/2018 – S. AFRICA SARB MPC MEMBER BRIAN KAHN COMMENTS IN EMAIL; 30/05/2018 – CBRT PUBLISHES MINUTES OF MAY 23 MPC MEETING; 04/04/2018 – NIGERIA MPC SAYS GOVT SHOULD RESTRAIN DOMESTIC BORROWING; 19/04/2018 – INDIA MPC MEMBER DUA SAYS WITH UPSIDE RISKS TO INFLATION AND LACKLUSTRE GROWTH PROSPECTS A WAIT AND WATCHSTRATEGY WITH RESPECT TO EVOLVING RISKS ALONG WITH STATUS QUO IN INTEREST RATES RECOMMENDE…; 30/04/2018 – Press Release: Marathon Petroleum Corp. and Andeavor Combination to Create Leading U.S. Refining, Marketing, and Midstream Co; 19/04/2018 – MPC’S PATRA: CORPORATES’, BANKS’ BALANCE SHEETS STILL FRAGILE; 16/04/2018 – SPEEDWAY LLC – FOLLOWING DEAL, STORES WILL BE REBRANDED TO SPEEDWAY; 30/04/2018 – Marathon Petroleum to buy Andeavor in $36bn US energy deal; 08/05/2018 – MARATHON GALVESTON BAY TEXAS REFINERY RETURNING TO NORMAL PRODUCTION

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on November, 7. They expect $1.55 EPS, down 8.82% or $0.15 from last year’s $1.7 per share. MPC’s profit will be $1.02 billion for 8.73 P/E if the $1.55 EPS becomes a reality. After $1.73 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -10.40% negative EPS growth.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Finance.Yahoo.com which released: “Marathon Petroleum Corporation (NYSE:MPC): The Best Of Both Worlds – Yahoo Finance” on July 19, 2019, also Finance.Yahoo.com with their article: “The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, ConocoPhillips, Phillips 66 and Marathon Petroleum – Yahoo Finance” published on August 26, 2019, Finance.Yahoo.com published: “Are Marathon Petroleum Corporation’s (NYSE:MPC) Returns On Investment Worth Your While? – Yahoo Finance” on September 02, 2019. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Finance.Yahoo.com and their article: “Bernard Horn’s Top 5 Buys of the 2nd Quarter – Yahoo Finance” published on September 04, 2019 as well as Streetinsider.com‘s news article titled: “Elliott Management Enters Marathon Petroleum (MPC) – 13F – StreetInsider.com” with publication date: August 14, 2019.

Investors sentiment decreased to 0.91 in Q2 2019. Its down 0.34, from 1.25 in 2019Q1. It turned negative, as 94 investors sold MPC shares while 310 reduced holdings. 86 funds opened positions while 281 raised stakes. 470.39 million shares or 4.73% less from 493.72 million shares in 2019Q1 were reported. Moreover, Hgk Asset Mgmt has 1.89% invested in Marathon Petroleum Corporation (NYSE:MPC) for 116,274 shares. Amica Mutual Insurance Co holds 19,811 shares or 0.14% of its portfolio. 50,869 are owned by Camelot Portfolios Limited Company. 6,354 were accumulated by Fulton Bancorp Na. Andra Ap reported 57,500 shares or 0.09% of all its holdings. Synovus Fincl Corporation holds 13,903 shares. Covington Inv reported 47,540 shares stake. Asset Management Incorporated holds 4,805 shares. Moreover, Winslow Evans & Crocker Inc has 0.02% invested in Marathon Petroleum Corporation (NYSE:MPC). Westpac Bk stated it has 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Pathstone Family Office Ltd Liability Corp owns 11,100 shares. Barnett & Inc holds 1.65% or 52,449 shares in its portfolio. Arosa Management Lp reported 0.87% stake. Telos Capital Mngmt invested 0.88% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). 266,676 are owned by Royal London Asset Mngmt.

Since June 11, 2019, it had 1 buying transaction, and 0 selling transactions for $601,750 activity.

Palisade Capital Management Llc, which manages about $5.40 billion and $3.24 billion US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 51,094 shares to 352,089 shares, valued at $18.46 million in 2019Q2, according to the filing. It also increased its holding in Trupanion Inc (NYSE:TRUP) by 11,240 shares in the quarter, for a total of 225,893 shares, and has risen its stake in Tpg Specialty Lending Inc (Prn).

Investors sentiment decreased to 1.14 in 2019 Q2. Its down 0.21, from 1.35 in 2019Q1. It dived, as 21 investors sold JCOM shares while 91 reduced holdings. 44 funds opened positions while 84 raised stakes. 46.58 million shares or 0.79% less from 46.95 million shares in 2019Q1 were reported. 238,500 are owned by Lsv Asset. Gemmer Asset Limited Liability Company reported 185 shares. Amalgamated Financial Bank invested 0.02% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). Sg Americas Limited Liability Co accumulated 0% or 6,128 shares. Schroder Invest Mgmt Group owns 121,360 shares for 0.01% of their portfolio. Panagora Asset holds 0% or 4,334 shares in its portfolio. First Citizens Financial Bank Trust Co reported 4,706 shares. First Mercantile Trust has invested 0.02% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). Great West Life Assurance Can owns 27,108 shares. Quantum invested 0.55% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). Moreover, Weiss Multi has 0.09% invested in j2 Global, Inc. (NASDAQ:JCOM). Arizona State Retirement Systems holds 33,742 shares or 0.03% of its portfolio. Fort LP invested 0.53% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). Maine-based Hm Payson And Communication has invested 0% in j2 Global, Inc. (NASDAQ:JCOM). Metropolitan Life Ins Ny has invested 0.04% in j2 Global, Inc. (NASDAQ:JCOM).

Arrowpoint Asset Management Llc, which manages about $5.56 billion and $10.40 billion US Long portfolio, decreased its stake in Nvidia Corp (NASDAQ:NVDA) by 14,742 shares to 32,087 shares, valued at $5.27 million in 2019Q2, according to the filing. It also reduced its holding in Argenx Se by 32,026 shares in the quarter, leaving it with 123,369 shares, and cut its stake in Oaktree Cap Group Llc (NYSE:OAK).

More notable recent j2 Global, Inc. (NASDAQ:JCOM) news were published by: Finance.Yahoo.com which released: “Does j2 Global, Inc.’s (NASDAQ:JCOM) -7.9% Earnings Drop Reflect A Longer Term Trend? – Yahoo Finance” on April 30, 2019, also Nasdaq.com with their article: “j2 Global, Inc. (JCOM) Ex-Dividend Date Scheduled for May 17, 2019 – Nasdaq” published on May 16, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On J2 Global Inc (JCOM) ? – Yahoo Finance” on April 25, 2019. More interesting news about j2 Global, Inc. (NASDAQ:JCOM) were released by: Businesswire.com and their article: “CORRECTING and REPLACING Everyday Health Group Acquires BabyCenter, the Leading Global Digital Parenting Resource – Business Wire” published on August 27, 2019 as well as Seekingalpha.com‘s news article titled: “Everyday Health acquires Babycenter – Seeking Alpha” with publication date: August 27, 2019.

j2 Global, Inc. (NASDAQ:JCOM) Institutional Positions Chart

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