Marathon Pete Corp (MPC) Stock Rose While Usca Ria LLC Has Lowered Its Position by $4.39 Million

June 29, 2018 - By Julie Dion

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.06, from 0.96 in 2017Q4. It is negative, 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. Choate Invest Advsr invested in 10,610 shares. Steadfast Mngmt Limited Partnership holds 1.74 million shares. 225,499 were reported by Foundry Partners Limited Liability Corp. Lombard Odier Asset Mgmt (Switzerland) Sa invested in 0.18% or 23,837 shares. Caisse De Depot Et Placement Du Quebec owns 671,148 shares or 0.12% of their US portfolio. 67,481 were accumulated by State Of Alaska Department Of Revenue. Whittier Tru stated it has 4,904 shares. Prudential Public Ltd Llc reported 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Deroy Devereaux Private Inv Counsel Incorporated has 0.03% invested in Marathon Petroleum Corporation (NYSE:MPC) for 3,600 shares. Cadence Cap Ltd Liability Corp owns 84,299 shares. Ftb Advsrs Inc holds 1,992 shares or 0.01% of its portfolio. Mitsubishi Ufj Banking Corporation stated it has 0.14% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Exxonmobil Investment Management Incorporated Tx stated it has 72,624 shares or 0.15% of all its holdings. Burke And Herbert Fincl Bank And Trust has 3,606 shares for 0.24% of their portfolio. Washington Bancorp holds 0.05% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 5,131 shares.

Since March 6, 2018, it had 1 insider buy, and 2 sales for $3.27 million activity. $101,070 worth of stock was bought by BUNCH CHARLES E on Tuesday, March 6.

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 $6.24M, 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 $7.28 million 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: Globenewswire.com which released: “Investor Expectations to Drive Momentum within Education Realty Trust, Eagle Pharmaceuticals, Boingo Wireless …” on June 29, 2018. Also Bizjournals.com published the news titled: “See which Houston public cos. were the biggest winners, losers for job growth since 2009” on June 25, 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 stock has “Sell” rating by Wells Fargo on Monday, February 5. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Neutral” rating given on Tuesday, May 1 by Bank of America. Jefferies maintained Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, April 24 with “Hold” rating. The company was maintained on Monday, April 16 by Morgan Stanley. The company was maintained on Sunday, January 21 by Piper Jaffray. The rating was downgraded by Tudor Pickering on Friday, May 18 to “Hold”. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, May 29 report. The stock has “Buy” rating by Bank of America on Thursday, May 10. The company was maintained on Monday, April 9 by Scotia Capital. The firm earned “Buy” rating on Tuesday, January 30 by RBC Capital Markets.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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