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What Do the Latest 13F Filings Reveal about MPC, ANDV, VLO, and PSX?

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Variations in institutional ownership in refiners

The average institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) is over 70%.

Institutional ownership is the highest in ANDV at ~84%. The lowest institutional ownership is in PSX at ~71%. Institutional ownership in MPC and VLO stands at ~83% and ~81%, respectively.

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Institutional ownership in MPC

As per the 13F filings for the first quarter, the institutions with the highest holdings in Marathon Petroleum include the Vanguard Group, BlackRock Institutional Trust Company, State Street Global Advisers, and Wellington Management Company. However, all these companies lowered their holdings in MPC in the quarter.

If we consider the past six months’ worth of data, the biggest buyer of MPC shares has been Third Point Management, and the biggest seller has been Kensico Capital Management.

Institutional ownership in ANDV

As per the latest filings, institutions with the biggest holdings in Andeavor include the Vanguard Group, Boston Partners, State Street Global Advisers, and BlackRock Institutional Trust Company. All four institutions decreased their holdings in the company in the first quarter.

Maverick Capital has sold the most ANDV shares in the past six months, and Fidelity Management & Research Company has acquired the most ANDV shares in the past six months.

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Institutional ownership in VLO

As per the latest filings, the institutions with the highest ownerships in VLO include the Vanguard Group, BlackRock Institutional Trust Company, State Street Global Advisers, and Fidelity Management & Research Company. In the first quarter, Vanguard and Fidelity increased their holdings in the stock, while others decreased their holdings.

Capital Research Global Investors has been the biggest seller of VLO shares in the past six months, and T. Rowe Price Associates has been the biggest buyer of VLO shares in the past six months.

Institutional ownership in PSX

As per the latest filings, the institutions with the most holdings in Phillips 66 include Berkshire Hathaway, the Vanguard Group, State Street Global Advisers, and BlackRock Institutional Trust Company. In the first quarter, Berkshire Hathaway’s holdings in the stock remained stable, and the Vanguard Group increased its holdings. The remaining institutions decreased their holdings in Phillips 66 in the quarter.

Fidelity Management & Research Company has been the largest seller of PSX stock in the past six months. The second-largest seller has been Boston Partners. BNY Mellon Asset Management North America and the Vanguard Group have been the two biggest buyers of Phillips 66 stock in the past six months.

If you want to know more about these refiners’ first-quarter earnings performances, read How Refiners MPC, VLO, ANDV, and PSX Fared in Q1 2018.

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