Analysts See $1.21 EPS for Marathon Petroleum Corp (MPC)

October 13, 2017 - By Dolores Ford

 Analysts See $1.21 EPS for Marathon Petroleum Corp (MPC)
Investors sentiment decreased to 1.05 in 2017 Q2. Its down 0.03, from 1.08 in 2017Q1. It turned negative, as 53 investors sold Marathon Petroleum Corp shares while 274 reduced holdings. 93 funds opened positions while 250 raised stakes. 383.45 million shares or 4.21% less from 400.29 million shares in 2017Q1 were reported.
Swiss Bancorp has 1.93M shares for 0.12% of their portfolio. First Manhattan Communication reported 0.01% stake. Price T Rowe Associate Md reported 8.95 million shares. Profit Invest Limited Liability Corp accumulated 0.8% or 16,890 shares. Nuveen Asset Management Ltd Limited Liability Company has invested 0.02% in Marathon Petroleum Corp (NYSE:MPC). Rodgers Brothers Inc owns 16,716 shares or 0.32% of their US portfolio. Boulegeris Invests stated it has 48,356 shares or 1.43% of all its holdings. Asset Of Georgia Ga Adv has 5,164 shares. Royal Comml Bank Of Canada reported 787,019 shares. Nikko Asset Americas invested in 72,800 shares. Kentucky-based Argi Investment Services Ltd Liability Com has invested 0.04% in Marathon Petroleum Corp (NYSE:MPC). The Illinois-based Grp One Trading Limited Partnership has invested 0.04% in Marathon Petroleum Corp (NYSE:MPC). Pacad Invest owns 0.24% invested in Marathon Petroleum Corp (NYSE:MPC) for 30,900 shares. Manning Napier Advsr owns 105,417 shares. Whittier Tru Communications Of Nevada Inc invested in 0.08% or 15,961 shares.

Since May 18, 2017, it had 0 insider purchases, and 3 sales for $1.81 million activity. Kelley Thomas M. sold $1.36M worth of stock.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on October, 26. They expect $1.21 EPS, up 108.62 % or $0.63 from last year’s $0.58 per share. MPC’s profit will be $612.17M for 11.68 P/E if the $1.21 EPS becomes a reality. After $1.03 actual EPS reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts 17.48 % EPS growth. The stock increased 0.59% or $0.33 during the last trading session, reaching $56.55. About 3.05M shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since October 13, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage

Among 18 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Marathon Petroleum Corp had 56 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, August 23, the company rating was initiated by Jefferies. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Strong-Buy” rating given on Tuesday, August 11 by Vetr. The stock has “Buy” rating by Cowen & Co on Thursday, July 27. RBC Capital Markets maintained it with “Buy” rating and $6900 target in Wednesday, July 5 report. The firm earned “Strong Buy” rating on Monday, October 31 by Raymond James. Piper Jaffray maintained Marathon Petroleum Corp (NYSE:MPC) on Thursday, July 13 with “Buy” rating. Jefferies maintained the shares of MPC in report on Friday, August 25 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, October 7 by Wells Fargo. As per Friday, December 4, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 31.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The company has market cap of $28.61 billion. The Firm operates through three divisions: Refining & Marketing; Speedway; and Midstream. It has a 33.39 P/E ratio. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

More notable recent Marathon Petroleum Corp (NYSE:MPC) news were published by: Seekingalpha.com which released: “Marathon Petroleum: Overselling Its Gulf Coast Refining Capacity” on September 18, 2017, also Nasdaq.com with their article: “Marathon Petroleum Corp. to announce 2017 third-quarter financial results Oct. 26” published on October 05, 2017, Seekingalpha.com published: “Why Marathon Petroleum Loves Sour Oil” on September 15, 2017. More interesting news about Marathon Petroleum Corp (NYSE:MPC) were released by: Seekingalpha.com and their article: “Marcellus And Utica Boom Music To MPLX LP’s Ears” published on September 19, 2017 as well as Nasdaq.com‘s news article titled: “Surging Earnings Estimates Signal Good News for Marathon Petroleum (MPC)” with publication date: September 22, 2017.

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