Notable Runner: Marathon Petroleum Corp’s Trend Up, Especially After Today’s Strong Session

Notable Runner: Marathon Petroleum Corp's Trend Up, Especially After Today's Strong Session

The stock of Marathon Petroleum Corp (NYSE:MPC) is a huge mover today! About 3.03M shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 14.74% since April 28, 2016 and is uptrending. It has outperformed by 8.81% the S&P500.
The move comes after 8 months positive chart setup for the $26.26B company. It was reported on Dec, 1 by Barchart.com. We have $50.61 PT which if reached, will make NYSE:MPC worth $1.05 billion more.

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 $188.88M for 34.76 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. As per Tuesday, August 23, the company rating was initiated by Jefferies. Vetr upgraded it to “Hold” rating and $59 target price in Monday, August 17 report. UBS upgraded Marathon Petroleum Corp (NYSE:MPC) rating on Tuesday, November 1. UBS has “Neutral” rating and $44 price target. The firm earned “Sector Perform” rating on Friday, October 28 by Howard Weil. As per Tuesday, February 9, the company rating was maintained by Deutsche Bank. Credit Suisse maintained the shares of MPC in a report on Tuesday, January 26 with “Outperform” rating. Cowen & Co maintained Marathon Petroleum Corp (NYSE:MPC) on Friday, February 12 with “Outperform” rating. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, February 4 report. Wells Fargo upgraded the shares of MPC in a report on Wednesday, October 7 to “Outperform” rating. The firm has “Neutral” rating given on Tuesday, January 5 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 increased to 1.08 in Q2 2016. 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.
Seaward Mgmt Ltd Partnership has 0.03% invested in the company for 13,520 shares. Global X Management Lc has invested 0% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Senator Group Incorporated Limited Partnership last reported 1.06% of its portfolio in the stock. Ameritas has 11,115 shares for 0.03% of their US portfolio. Reaves W H Commerce last reported 500,295 shares in the company. Kistler holds 0% or 192 shares in its portfolio. Tpg Grp Holdings (Sbs) accumulated 0.78% or 1.87 million shares. Utah Retirement holds 0.1% or 96,122 shares in its portfolio. Cwm Ltd Limited Liability Company holds 0% or 103 shares in its portfolio. Bridgeway Management, a Texas-based fund reported 329,270 shares. The Texas-based Kanaly Company has invested 0.05% in Marathon Petroleum Corp (NYSE:MPC). Parametric Associates reported 2.10M shares or 0.13% of all its holdings. Delta Asset Ltd Limited Liability Company Tn last reported 800 shares in the company. Spot Trading Ltd Liability Corporation accumulated 213,954 shares or 0.14% of the stock. Whittier Trust reported 4,700 shares or 0.01% of all its holdings.

More important recent Marathon Petroleum Corp (NYSE:MPC) news were published by: Forbes.com which released: “Marathon Petroleum (MPC) Shares Cross 3% Yield Mark” on November 28, 2016, also Valuewalk.com published article titled: “Elliott Management’s Perspectives On Marathon Petroleum Corporation”, Businesswire.com published: “Elliott Management Sends Letter and Presentation to Board of Marathon …” on November 21, 2016. More interesting news about Marathon Petroleum Corp (NYSE:MPC) was released by: Seekingalpha.com and their article: “Marathon Petroleum – An Interesting Oil Retail Play” with publication date: November 23, 2016.

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.

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