Marathon Petroleum Corp Unusual Bullish Options Activity Means Profits for Traders

 Marathon Petroleum Corp Unusual Bullish Options Activity Means Profits for Traders

In today’s session Marathon Petroleum Corp (MPC) registered an unusually high (708) 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 708 contracts traded and 829004 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: MPC170421C00050000 closed last at: $1.8 or 0% . About 710,354 shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 12.75% since April 12, 2016 and is uptrending. It has outperformed by 7.76% the S&P500.

Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage

Out of 14 analysts covering Marathon Petroleum Corp (NYSE:MPC), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $75 is the highest target while $38 is the lowest. The $54.33 average target is 23.73% above today’s ($43.91) stock price. Marathon Petroleum Corp has been the topic of 37 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by UBS given on Tuesday, November 1. The firm has “Strong-Buy” rating by Vetr given on Tuesday, August 11. JP Morgan upgraded the shares of MPC in a report on Wednesday, August 26 to “Overweight” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, December 4 report. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Top Pick” rating given on Friday, April 29 by RBC Capital Markets. As per Friday, February 12, the company rating was maintained by Cowen & Co. As per Tuesday, February 9, the company rating was maintained by Deutsche Bank. The firm earned “Outperform” rating on Wednesday, November 25 by Oppenheimer. As per Tuesday, January 26, the company rating was maintained by Credit Suisse. Howard Weil maintained Marathon Petroleum Corp (NYSE:MPC) rating on Friday, October 28. Howard Weil has “Sector Perform” rating and $47 price target.

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.
Newgate Capital Ltd Liability Com accumulated 0.39% or 12,536 shares. Pub Employees Retirement Association Of Colorado holds 0.04% or 114,490 shares in its portfolio. Andra Ap last reported 0.08% of its portfolio in the stock. The Minnesota-based Advantus Mgmt Inc has invested 0.05% in Marathon Petroleum Corp (NYSE:MPC). Gulf National Bank & Trust (Uk) Limited accumulated 165,686 shares or 0.11% of the stock. M&T Comml Bank Corp has 76,168 shares for 0.02% of their US portfolio. Kcg Holding accumulated 6,139 shares or 0% of the stock. Dixon Hubard Feinour Brown Inc Va has invested 1.12% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Virginia Retirement Et Al holds 0.24% or 428,042 shares in its portfolio. Glg Ltd Limited Liability Company has invested 0.11% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Private Advisor Lc holds 0.01% or 9,932 shares in its portfolio. Advisors Asset Inc has 155,034 shares for 0.1% of their US portfolio. Jfs Wealth Ltd Liability Corporation has 0.06% invested in the company for 5,711 shares. Regions Financial holds 44,458 shares or 0.02% of its portfolio. Moreover, Cap Inv Advsr Ltd Llc has 0.02% invested in Marathon Petroleum Corp (NYSE:MPC) for 6,377 shares.

Insider Transactions: Since May 26, 2016, the stock had 1 buy, and 0 sales for $52,050 net activity. $52,050 worth of shares were bought by DAVIS STEVEN A on Thursday, May 26.

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 $23.25 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 20.62 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.

Another recent and important Marathon Petroleum Corp (NYSE:MPC) news was published by Prnewswire.com which published an article titled: “Jana Partners LLC Releases Statement Supporting Marathon Petroleum Plan To …” on October 27, 2016.

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