November 25, 2016 - By Winifred Garcia · 0 Comments
Marathon Petroleum Corp (NYSE:MPC) institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.23, from 0.85 in 2016Q1. The ratio has increased, as 290 institutional investors increased and started new holdings, while 342 decreased and sold positions in Marathon Petroleum Corp. The institutional investors in our partner’s database now own: 416.18 million shares, up from 400.79 million shares in 2016Q1. Also, the number of institutional investors holding Marathon Petroleum Corp in their top 10 holdings decreased from 6 to 5 for a decrease of 1. Sold All: 79 Reduced: 263 Increased: 228 New Position: 62.
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The company has a market cap of $25.20 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 22.5 P/E ratio. The Company’s Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
About 148,051 shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 15.07% since April 22, 2016 and is uptrending. It has outperformed by 9.67% the S&P500.
Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on February, 1. They expect $0.35 earnings per share, down 55.70% or $0.44 from last year’s $0.79 per share. MPC’s profit will be $184.10M for 34.21 P/E if the $0.35 EPS becomes a reality. After $0.58 actual earnings per share reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -39.66% negative EPS growth.
According to Zacks Investment Research, “Marathon Petroleum Corporation is engaged in refining, transporting, and marketing of petroleum products. Marathon Petroleum Corporation is headquartered in Findlay, Ohio.”
Randolph Co Inc holds 4.04% of its portfolio in Marathon Petroleum Corp for 413,915 shares. National Investment Services Inc Wi owns 85,964 shares or 3.73% of their US portfolio. Moreover, Wheatland Advisors Inc has 3.36% invested in the company for 92,134 shares. The Delaware-based Westover Capital Advisors Llc has invested 3.21% in the stock. 3G Capital Partners Lp, a New York-based fund reported 1.00 million shares.#img1#
Ratings analysis reveals 64% of Marathon Petroleum Corp’s analysts are positive. Out of 14 Wall Street analysts rating Marathon Petroleum Corp, 9 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $38 while the high is $75. The stock’s average target of $54.33 is 13.40% above today’s ($47.91) share price. MPC was included in 37 notes of analysts from August 10, 2015. Bank of America upgraded Marathon Petroleum Corp (NYSE:MPC) on Tuesday, January 5 to “Neutral” rating. The rating was downgraded by Bank of America to “Neutral” on Monday, August 24. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Strong-Buy” rating given on Tuesday, August 11 by Vetr. The company was maintained on Friday, December 4 by Deutsche Bank. The firm has “Buy” rating given on Monday, August 24 by Vetr. The firm earned “Buy” rating on Monday, August 10 by Zacks. The rating was maintained by JP Morgan on Friday, June 10 with “Neutral”. The firm has “Sector Outperform” rating by Howard Weil given on Tuesday, December 15. The stock has “Strong Buy” rating given by Raymond James on Monday, October 31. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Overweight”.
Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products, through various means, including barges, terminals and trucks that it owns or operates. It sells refined products to wholesale marketing clients domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.
More important recent Marathon Petroleum Corp (NYSE:MPC) news were published by: Wsj.com which released: “Elliott Management Asks Marathon Petroleum to Consider Breaking Up” on November 21, 2016, also Seekingalpha.com published article titled: “Marathon Petroleum – An Interesting Oil Retail Play”, Forbes.com published: “Marathon Petroleum About To Put More Money In Your Pocket (MPC)” on November 10, 2016. More interesting news about Marathon Petroleum Corp (NYSE:MPC) was released by: Prnewswire.com and their article: “Jana Partners LLC Releases Statement Supporting Marathon Petroleum Plan To …” with publication date: October 27, 2016.
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By Winifred Garcia