Could Marathon Petroleum Corp Change Direction After Today’s Bullish Options Activity?

 Could Marathon Petroleum Corp Change Direction After Today's Bullish Options Activity?

In today’s session Marathon Petroleum Corp (MPC) registered an unusually high (381) 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 381 contracts traded and 7094 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MPC161118C00045000 closed last at: $0.65 or 18.8% down. About 2.88 million shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 12.45% since March 14, 2016 and is uptrending. It has outperformed by 6.83% the S&P500.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on November, 3. They expect $0.71 EPS, down 59.66% or $1.05 from last year’s $1.76 per share. MPC’s profit will be $376.15M for 14.71 P/E if the $0.71 EPS becomes a reality. After $1.07 actual EPS 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. Marathon Petroleum Corp has been the topic of 34 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, August 22 by Piper Jaffray. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 26. The firm has “Outperform” rating by Wells Fargo given on Wednesday, October 7. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, February 9. On Thursday, May 19 the stock rating was initiated by UBS with “Sell”. JP Morgan downgraded Marathon Petroleum Corp (NYSE:MPC) on Friday, February 5 to “Neutral” rating. Bank of America downgraded Marathon Petroleum Corp (NYSE:MPC) on Monday, August 24 to “Neutral” rating. The stock has “Overweight” rating given by Barclays Capital on Tuesday, January 12. On Monday, August 17 the stock rating was upgraded by Vetr to “Hold”. The company was maintained on Thursday, February 4 by RBC Capital Markets.

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 is negative, 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.
Credit Suisse Ag owns 1.22M shares or 0.05% of their US portfolio. Ibm Retirement Fund holds 0.1% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 69,188 shares. Bb&T accumulated 0.02% or 27,612 shares. Daiwa Secs Group accumulated 0% or 16,500 shares. The Florida-based First Bancorp Of Mount Dora Investment has invested 0.23% in Marathon Petroleum Corp (NYSE:MPC). Twin Tree Mngmt Limited Partnership reported 2,480 shares or 0% of all its holdings. New York State Common Retirement Fund accumulated 0.09% or 1.70M shares. Ivory Investment Mgmt Ltd reported 1.62 million shares or 1.7% of all its holdings. State Board Of Administration Of Florida Retirement System last reported 789,516 shares in the company. Advsr Ltd Liability Corporation last reported 0% of its portfolio in the stock. First Citizens Savings Bank & has 0.08% invested in the company for 23,740 shares. Acadian Asset Management Limited Liability Corporation holds 114 shares or 0% of its portfolio. Thompson Siegel Walmsley Ltd Liability Corp holds 1.33M shares or 0.79% of its portfolio. Intrust National Bank & Trust Na has 0.09% invested in the company for 5,833 shares. Moreover, Dreman Value Mngmt L L C has 0.45% invested in Marathon Petroleum Corp (NYSE:MPC) for 19,025 shares.

Insider Transactions: Since May 2, 2016, the stock had 2 buys, and 0 sales for $129,170 net activity. Shares for $52,050 were bought by DAVIS STEVEN A on Thursday, May 26. BUNCH CHARLES E had bought 2,000 shares worth $77,120 on Monday, May 2.

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 $22.14 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 11.56 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 news for Marathon Petroleum Corp (NYSE:MPC) were recently published by: Nasdaq.com, which released: “How To YieldBoost Marathon Petroleum Corp. From 3.4% To 11.7% Using Options” on October 05, 2016. Nasdaq.com‘s article titled: “Marathon Petroleum Corporation Announces Election of New Director” and published on October 03, 2016 is yet another important article.

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