Could Marathon Petroleum Corp Lose Strenght? Option Traders Don’t Think So

 Could Marathon Petroleum Corp Lose Strenght? Option Traders Don't Think So

In today’s session Marathon Petroleum Corp (MPC) registered an unusually high (633) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious MPC increase. With 633 contracts traded and 6824 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: MPC180119C00045000 closed last at: $8.4 or 6.3% up. The stock decreased 0.33% or $0.16 on November 23, hitting $47.71. About 4.40M 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 $187.51M for 34.08 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.

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. Marathon Petroleum Corp has been the topic of 37 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of MPC in a report on Friday, December 4 with “Overweight” rating. As per Friday, February 12, the company rating was maintained by Cowen & Co. Raymond James upgraded the shares of MPC in a report on Monday, October 31 to “Strong Buy” rating. The firm has “Neutral” rating by UBS given on Tuesday, November 1. The rating was maintained by Deutsche Bank with “Buy” on Friday, December 4. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Buy” rating by Jefferies on Tuesday, August 23. The rating was initiated by UBS with “Sell” on Thursday, May 19. RBC Capital Markets maintained Marathon Petroleum Corp (NYSE:MPC) rating on Thursday, February 4. RBC Capital Markets has “Top Pick” rating and $58 price target. The stock has “Top Pick” rating given by RBC Capital Markets on Friday, April 29. Barclays Capital maintained Marathon Petroleum Corp (NYSE:MPC) on Tuesday, January 12 with “Overweight” rating.

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 increased to 1.08 in 2016 Q2. Its up 0.23, from 0.85 in 2016Q1. The ratio increased, 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.
Thrivent Finance For Lutherans has 0.3% invested in the company for 1.64 million shares. Evanston Invs Dba Evanston Advsr holds 156,226 shares or 1.93% of its portfolio. Nuveen Asset Management Limited holds 0.01% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 44,558 shares. The North Carolina-based Piedmont Investment Advisors Ltd Liability has invested 0% in Marathon Petroleum Corp (NYSE:MPC). Aviva Plc has 0.08% invested in the company for 322,479 shares. Invsts Asset Management Of Georgia Ga Adv last reported 0.16% of its portfolio in the stock. Haverford Trust Com has 0.01% invested in the company for 7,052 shares. Oregon Pub Employees Retirement Fund reported 199,425 shares or 0.17% of all its holdings. Benjamin F Edwards And Incorporated accumulated 7,804 shares or 0.06% of the stock. Lowe Brockenbrough Inc accumulated 22,823 shares or 0.15% of the stock. Carroll Financial Assocs, a North Carolina-based fund reported 2,041 shares. The Indiana-based Everence Mngmt Incorporated has invested 0.16% in Marathon Petroleum Corp (NYSE:MPC). Mufg Americas Corporation has 38,926 shares for 0.05% of their US portfolio. Ig Invest Mgmt has invested 0% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Glg Prtn Lp has 0% invested in the company for 2,077 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 $25.56 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 22.41 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 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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