Marathon Petroleum Corp Can’t Be More Safe. Option Traders Like It

 Marathon Petroleum Corp Can't Be More Safe. Option Traders Like It

In today’s session Marathon Petroleum Corp (MPC) registered an unusually high (416) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MPC increase. With 416 contracts traded and 1144 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MPC161118C00040000 closed last at: $2.7 or 3.8% up. About 739,482 shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 19.22% since March 2, 2016 and is uptrending. It has outperformed by 10.96% the S&P500.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on November, 3. They expect $0.71 earnings per share, down 59.66% or $1.05 from last year’s $1.76 per share. MPC’s profit will be $379.24M for 14.85 P/E if the $0.71 EPS becomes a reality. After $1.07 actual earnings per share reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -33.64% negative EPS growth.

Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage

Out of 13 analysts covering Marathon Petroleum Corp (NYSE:MPC), 9 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. $75 is the highest target while $38 is the lowest. The $55.29 average target is 31.05% above today’s ($42.19) stock price. Marathon Petroleum Corp has been the topic of 34 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained Marathon Petroleum Corp (NYSE:MPC) on Monday, August 22 with “Neutral” rating. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Neutral” rating given on Friday, June 10 by JP Morgan. On Wednesday, March 16 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating given on Tuesday, August 23 by Jefferies. Howard Weil maintained it with “Sector Outperform” rating and $50 target price in Thursday, February 4 report. The rating was initiated by UBS on Thursday, May 19 with “Sell”. The firm has “Top Pick” rating by RBC Capital Markets given on Friday, April 29. The rating was upgraded by Howard Weil to “Sector Outperform” on Tuesday, December 15. Vetr upgraded Marathon Petroleum Corp (NYSE:MPC) on Monday, August 17 to “Hold” rating. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Neutral” rating given on Monday, August 24 by Bank of America.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.04, from 0.89 in 2016Q1. The ratio dropped, as 79 funds sold all Marathon Petroleum Corp shares owned while 263 reduced positions. 62 funds bought stakes while 228 increased positions. They now own 416.18 million shares or 3.84% more from 400.79 million shares in 2016Q1.
Camelot Portfolios Limited Liability Company holds 30,654 shares or 0.68% of its portfolio. Allstate Corp holds 0.02% or 9,509 shares in its portfolio. The Texas-based Twin Tree Mngmt Lp has invested 0% in Marathon Petroleum Corp (NYSE:MPC). Twin Mngmt last reported 38,930 shares in the company. 1832 Asset Lp has 0% invested in the company for 2,791 shares. The California-based Denali Advsr Limited Liability Company has invested 0.25% in Marathon Petroleum Corp (NYSE:MPC). Natixis holds 0.92% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 1.31 million shares. Moreover, Alexandria Limited Liability Company has 0.01% invested in Marathon Petroleum Corp (NYSE:MPC) for 861 shares. Whitnell And reported 1,400 shares or 0.02% of all its holdings. Randolph holds 4.04% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 413,915 shares. Dekabank Deutsche Girozentrale reported 188,043 shares or 0.08% of all its holdings. Oregon Pub Employees Retirement Fund holds 0.17% or 199,425 shares in its portfolio. Adell Harriman And Carpenter has invested 0% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Bancorp Of The West holds 31,082 shares or 0.17% of its portfolio. Walleye Trading Ltd Liability Corporation reported 76,536 shares or 0.02% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 2 buys, and 0 insider sales for $129,170 net activity. BUNCH CHARLES E had bought 2,000 shares worth $77,120. DAVIS STEVEN A bought $52,050 worth of stock or 1,500 shares.

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 $22.54 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 11.67 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.

MPC Company Profile

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 recent Marathon Petroleum Corp (NYSE:MPC) news were published by: Nasdaq.com which released: “Marathon Petroleum Corporation Announces Election of New Director” on October 03, 2016. Also Streetinsider.com published the news titled: “Form 8-K Marathon Petroleum Corp For: Sep 29” on October 05, 2016. Seekingalpha.com‘s news article titled: “Marathon Petroleum – Huge Cash Flow Potential” with publication date: September 25, 2016 was also an interesting one.

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