Were Analysts Bullish Marathon Petroleum Corporation (NYSE:MPC) This Week?

July 27, 2018 - By Vernon Prom

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment decreased to 0.9 in Q1 2018. Its down 0.06, from 0.96 in 2017Q4. It dived, as 52 investors sold Marathon Petroleum Corporation shares while 322 reduced holdings. 98 funds opened positions while 239 raised stakes. 354.13 million shares or 3.74% less from 367.91 million shares in 2017Q4 were reported.
Bessemer Inc holds 223,098 shares. Hm Payson And invested in 0.28% or 93,991 shares. Employees Retirement Of Texas invested in 70,000 shares or 0.07% of the stock. Iridian Asset Management Limited Liability Company Ct invested in 3.52M shares or 2.31% of the stock. De Burlo Grp accumulated 124,400 shares. United Kingdom-based Lmr Prtn Ltd Liability Partnership has invested 0.11% in Marathon Petroleum Corporation (NYSE:MPC). Atlantic Grp accumulated 67,952 shares or 0.02% of the stock. Nikko Asset Americas accumulated 59,846 shares or 0.16% of the stock. Palladium Partners Llc owns 0.49% invested in Marathon Petroleum Corporation (NYSE:MPC) for 90,433 shares. Sawgrass Asset Ltd Liability Corp holds 0.13% or 37,274 shares in its portfolio. Cap One National Association owns 12,534 shares for 0.06% of their portfolio. Trust Of Toledo Na Oh accumulated 6,558 shares. California-based Fincl Engines Ltd Liability Co has invested 0.17% in Marathon Petroleum Corporation (NYSE:MPC). Royal Savings Bank Of Canada reported 0.06% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Hermes Invest Management stated it has 422,705 shares or 0.45% of all its holdings.

Since March 6, 2018, it had 1 insider purchase, and 2 sales for $3.27 million activity. Another trade for 1,500 shares valued at $101,070 was bought by BUNCH CHARLES E.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 13 analysts covering Marathon Petro (NYSE:MPC), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Marathon Petro had 24 analyst reports since January 30, 2018 according to SRatingsIntel. Deutsche Bank maintained the shares of MPC in report on Monday, March 19 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $8700 target in Friday, April 13 report. RBC Capital Markets maintained it with “Buy” rating and $8800 target in Friday, April 20 report. Jefferies maintained the stock with “Hold” rating in Tuesday, April 24 report. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 13. The firm earned “Outperform” rating on Tuesday, May 29 by Wells Fargo. The firm earned “Hold” rating on Thursday, March 15 by Wells Fargo. The firm earned “Buy” rating on Tuesday, March 13 by Citigroup. The firm has “Hold” rating by Scotia Capital given on Monday, April 9. The stock has “Hold” rating by Tudor Pickering on Friday, May 18. Below is a list of Marathon Petroleum Corporation (NYSE:MPC) latest ratings and price target changes.

29/05/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Old Target: $80 Upgrade
18/05/2018 Broker: Tudor Pickering Rating: Hold Downgrade
10/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $88 Upgrade
03/05/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
01/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $80 New Target: $88 Maintain
01/05/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $73 New Target: $80 Maintain
01/05/2018 Broker: RBC Capital Markets Old Rating: Top Pick New Rating: Outperform Downgrade
24/04/2018 Broker: Jefferies Rating: Hold New Target: $75.0000 Maintain
20/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $88.0000 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $85 New Target: $95 Maintain

The stock increased 7.28% or $5.44 during the last trading session, reaching $80.16. About 11.44M shares traded or 83.45% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since July 27, 2017 and is uptrending. It has outperformed by 34.24% the S&P500.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company has market cap of $37.02 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 11.65 P/E ratio. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Streetinsider.com which released: “Marathon Petroleum (MPC) Tops Q2 EPS by 24c, Revenues Beat” on July 26, 2018, also Seekingalpha.com with their article: “US refiners to benefit from biggest low-sulfur fuel capacity, Jefferies says” published on July 23, 2018, Bizjournals.com published: “Andeavor deal paves way for another round of expansion in Mexico” on July 24, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Streetinsider.com and their article: “Marathon Petroleum (MPC) Declares $0.46 Quarterly Dividend; 2.5% Yield” published on July 25, 2018 as well as Seekingalpha.com‘s news article titled: “Marathon Petroleum (MPC) Q2 2018 Results – Earnings Call Transcript” with publication date: July 26, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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