Marathon Pete Corp (MPC) Share Price Rose While Usca Ria LLC Decreased Holding by $4.39 Million

June 29, 2018 - By Gary Horn

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.06, from 0.96 in 2017Q4. It dived, as 52 investors sold MPC 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. First Financial In holds 4,188 shares or 0.22% of its portfolio. Navellier Assoc Inc invested in 49,451 shares. Stephens Ar holds 0.28% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 104,256 shares. Fort Washington Advisors Oh owns 0.27% invested in Marathon Petroleum Corporation (NYSE:MPC) for 356,123 shares. 902,456 are owned by State Teachers Retirement Sys. Cap Fund Management Sa invested in 0.36% or 829,382 shares. Farmers Merchants has invested 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Pinebridge Investments LP has 234,563 shares for 0.41% of their portfolio. Van Eck Associate, a New York-based fund reported 22,799 shares. 181,617 are held by Stillwater Cap Advsr Ltd Limited Liability Company. Hermes invested in 422,705 shares or 0.45% of the stock. Natixis Advsr Ltd Partnership accumulated 170,563 shares or 0.12% of the stock. Lsv Asset Mgmt has 0.5% invested in Marathon Petroleum Corporation (NYSE:MPC). Spark Investment Lc invested in 395,900 shares. Wms Prns Ltd holds 0.03% or 2,963 shares in its portfolio.

Since March 6, 2018, it had 1 insider purchase, and 2 sales for $3.27 million activity. On Tuesday, March 6 the insider BUNCH CHARLES E bought $101,070.

Usca Ria Llc decreased its stake in Marathon Pete Corp (MPC) by 41.32% based on its latest 2018Q1 regulatory filing with the SEC. Usca Ria Llc sold 60,111 shares as the company’s stock rose 16.16% while stock markets declined. The institutional investor held 85,349 shares of the integrated oil company at the end of 2018Q1, valued at $6.24 million, down from 145,460 at the end of the previous reported quarter. Usca Ria Llc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $32.54 billion market cap company. The stock increased 1.40% or $0.97 during the last trading session, reaching $70.46. About 2.09 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since June 29, 2017 and is uptrending. It has outperformed by 34.24% the S&P500.

Usca Ria Llc, which manages about $950.89M and $907.81M US Long portfolio, upped its stake in Ishares Tr (HYG) by 82,068 shares to 84,974 shares, valued at $7.28M in 2018Q1, according to the filing.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on July, 26. They expect $1.71 earnings per share, up 66.02 % or $0.68 from last year’s $1.03 per share. MPC’s profit will be $789.81M for 10.30 P/E if the $1.71 EPS becomes a reality. After $0.08 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts 2,037.50 % EPS growth.

More recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Bizjournals.com which released: “See which Houston public cos. were the biggest winners, losers for job growth since 2009” on June 25, 2018. Also Globenewswire.com published the news titled: “Investor Expectations to Drive Momentum within Education Realty Trust, Eagle Pharmaceuticals, Boingo Wireless …” on June 29, 2018. Bizjournals.com‘s news article titled: “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” with publication date: June 04, 2018 was also an interesting one.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 15 analysts covering Marathon Petroleum (NYSE:MPC), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Marathon Petroleum has $97.0 highest and $66.0 lowest target. $85.43’s average target is 21.25% above currents $70.46 stock price. Marathon Petroleum had 28 analyst reports since January 3, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 7. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by Wells Fargo on Thursday, March 15 with “Hold”. RBC Capital Markets downgraded Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, May 1 to “Outperform” rating. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Outperform” rating by Wells Fargo on Tuesday, May 29. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Hold” rating given on Monday, April 9 by Scotia Capital. The company was maintained on Friday, April 20 by RBC Capital Markets. JP Morgan maintained it with “Overweight” rating and $86 target in Monday, April 9 report. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Hold” rating given on Tuesday, April 24 by Jefferies. The rating was maintained by Bank of America with “Neutral” on Tuesday, May 1.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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