In today’s session Marathon Petroleum Corp (MPC) registered an unusually high (81,775) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious MPC increase. With 81,775 contracts traded and 3394 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: MPC170421C00050000 closed last at: $1.65 or 17.5% down. About 2.25 million shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 16.80% since March 29, 2016 and is uptrending. It has outperformed by 13.33% 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 $375.47M for 15.27 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 14 analysts covering Marathon Petroleum Corp (NYSE:MPC), 9 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 64% are positive. $75 is the highest target while $38 is the lowest. The $55.07 average target is 27.01% above today’s ($43.36) stock price. Marathon Petroleum Corp has been the topic of 36 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Howard Weil maintained the shares of MPC in a report on Friday, October 28 with “Sector Perform” rating. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Hold” rating by Vetr on Monday, August 17. Barclays Capital maintained it with “Overweight” rating and $54 target price in Wednesday, March 16 report. Zacks downgraded Marathon Petroleum Corp (NYSE:MPC) on Monday, August 10 to “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 12 report. On Wednesday, November 25 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was upgraded by Raymond James on Monday, October 31 to “Strong Buy”. The stock has “Neutral” rating given by JP Morgan on Friday, June 10. Piper Jaffray maintained Marathon Petroleum Corp (NYSE:MPC) on Monday, August 22 with “Neutral” rating. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Sector Outperform” rating given on Thursday, February 4 by Howard Weil.
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 fall, 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.
Citigroup has invested 0.02% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Tcw Group has 0.01% invested in the company for 38,850 shares. Wolverine Asset Management Ltd Llc reported 6,200 shares or 0% of all its holdings. Ridgeworth Cap Ltd Liability Corporation accumulated 0.61% or 1.73M shares. Old Second National Bank Of Aurora accumulated 0.04% or 2,278 shares. Barclays Public Ltd Com, a United Kingdom-based fund reported 1.02M shares. Factory Mutual Ins Commerce holds 125,000 shares or 0.06% of its portfolio. Spirit Of America Mgmt Corporation Ny accumulated 22,050 shares or 0.12% of the stock. Leavell Investment Inc reported 16,800 shares or 0.09% of all its holdings. Mckinley Mgmt Ltd Delaware holds 0% or 670 shares in its portfolio. Adage Prtn Ltd Llc has 1.23M shares for 0.13% of their US portfolio. Janney Montgomery Scott Limited Co has 0.02% invested in the company for 23,281 shares. State Bank Of The West accumulated 31,082 shares or 0.17% of the stock. Brown Brothers Harriman &, a New York-based fund reported 3,572 shares. Lsv Asset has invested 0.76% of its portfolio in Marathon Petroleum Corp (NYSE:MPC).
Insider Transactions: Since May 2, 2016, the stock had 1 insider purchase, and 0 sales for $52,050 net activity. 1,500 shares were bought by DAVIS STEVEN A, worth $52,050 on Thursday, May 26. BUNCH CHARLES E bought $77,120 worth of stock.
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 $22.93 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 11.99 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: Investorplace.com which released: “Friday’s Vital Data: Apple Inc. (AAPL), Twitter Inc (TWTR) and Marathon …” on October 28, 2016. Also Reuters.com published the news titled: “BRIEF-Marathon Petroleum Corp Q3 earnings per share $0.27” on October 27, 2016. Nasdaq.com‘s news article titled: “How To YieldBoost Marathon Petroleum Corp. From 3.4% To 11.7% Using Options” with publication date: October 05, 2016 was also an interesting one.
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