Marathon Petroleum Corporation (MPC) Is Forming Double Top at $70.46

June 29, 2018 - By Eric Painter

Marathon Petroleum Corporation (NYSE:MPC) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.9. That’s change of 0.06, from 2017Q4’s 0.96. 52 investors sold all, 322 reduced holdings as Marathon Petroleum Corporation ratio is negative. 239 increased stakes while 98 funds acquired stakes. Funds hold 354.13 million shares thus 3.74% less from 2017Q4’s 367.91 million shares.
Tiaa Cref Mngmt Limited Co, New York-based fund reported 1.64M shs. Montag A And holds 0.07% or 8,937 shs in its capital. Oakworth stated it has 5,664 shs or 0.1% of all its holdings. Gyroscope Capital Management Group Limited Liability Com accumulated 5,248 shs or 0.18% of the stock. Hennessy Inc holds 0.35% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 143,900 shs. Fisher Asset Mgmt Lc holds 0% or 27,142 shs in its capital. First Republic Investment Mgmt Inc invested in 0.12% or 208,309 shs. Andra Ap has invested 0.26% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Advsrs Asset invested in 0.12% or 111,421 shs. Old Bank In invested in 0.09% or 23,018 shs. Warren Averett Asset Mngmt Ltd Liability Corporation reported 11,532 shs. Art Advsr Limited holds 0.15% or 49,900 shs. Tradition Capital Ltd reported 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Fdx Advisors Inc has 0.04% invested in Marathon Petroleum Corporation (NYSE:MPC). Foundry Prns Limited Liability Co holds 0.7% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 225,499 shs.

Marathon Petroleum Corporation registered $3.27 million net activity with 1 insider purchase and 2 insider sales since March 6, 2018. BUNCH CHARLES E had bought 1,500 shs worth $101,070 on Tuesday, March 6.

Marathon Petroleum Corporation (MPC) makes a double top chart today and has $72.57 PT or 3.00 % above today’s $70.46 share price. It has $32.54B MC. This chart was posted on Jun, 29 by Finviz.com. At our $72.57 PT, the company worth will be $976.32M more.

Ticker’s shares touched $70.46 during the last trading session after 1.40% change.Currently Marathon Petroleum Corporation is uptrending after 46.81% change in last June 29, 2017. MPC has 2.11M shares volume. The stock outperformed the S&P 500 by 34.24%.

Marathon Petroleum Corporation (NYSE:MPC)’s earnings report is anticipated by WallStreet on July, 26, Faxor reports. This year’s EPS analyst estimate is anticipated to be $1.71. That is 66.02 % up compareed to $1.03 EPS for last year. In case of $1.71 EPS MPC’s profit could be $789.81 million. 2,037.50 % EPS growth is what analysts predict. $0.08 EPS was announced for previous quarter.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Total analysts of 15 have positions in Marathon Petroleum (NYSE:MPC) as follows: 13 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 87%. The firm has $97.0 highest while $66.0 is the lowest price target. The average target $85.43 is 21.25% above the last ($70.46) price. Since January 3, 2018 according to StockzIntelligence Inc Marathon Petroleum has 28 analyst reports. On Friday, May 18 the company was downgraded by Tudor Pickering. On Sunday, January 21 Piper Jaffray maintained Marathon Petroleum Corporation (NYSE:MPC) rating. Piper Jaffray has “Buy” rating and $94.0 target. On Monday, February 5 the firm earned “Hold” rating by Jefferies. On Monday, April 9 the stock has “Overweight” rating by JP Morgan. On Thursday, May 10 the rating was upgraded by Bank of America to “Buy”. On Tuesday, April 24 the stock has “Hold” rating by Jefferies. On Tuesday, February 13 the rating was upgraded by Goldman Sachs to “Buy”. On Thursday, March 15 the rating was maintained by Wells Fargo with “Hold”. The company rating was maintained by Wells Fargo on Tuesday, May 1. On Tuesday, May 1 the rating was maintained by Bank of America with “Neutral”.

More recent Marathon Petroleum Corporation (NYSE:MPC) news were posted by Globenewswire.com, Bizjournals.com and Bizjournals.com. The first one has “Investor Expectations to Drive Momentum within Education Realty Trust, Eagle Pharmaceuticals, Boingo Wireless …” as a title and was posted on June 29, 2018. The next is “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” on June 04, 2018. And last was posted on June 25, 2018, called “See which Houston public cos. were the biggest winners, losers for job growth since 2009”.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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