Acropolis Investment Management LLC Cut Holding in Marathon Pete Corp (MPC) as Stock Price Rose

March 16, 2018 - By Clifton Ray

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.14, from 1.05 in 2017Q2. It turned negative, as 52 investors sold MPC shares while 292 reduced holdings. 85 funds opened positions while 227 raised stakes. 380.18 million shares or 0.85% less from 383.45 million shares in 2017Q2 were reported. Interocean Cap Limited Company has invested 0.16% in Marathon Petroleum Corporation (NYSE:MPC). 1.01M were reported by Strs Ohio. Steinberg Global Asset Mgmt holds 16,750 shares or 0.14% of its portfolio. Fincl Engines Ltd Liability Corp owns 0.21% invested in Marathon Petroleum Corporation (NYSE:MPC) for 113,140 shares. Syntal Cap Limited Liability Corp owns 4,124 shares or 0.17% of their US portfolio. 4,135 were accumulated by Gideon Capital Advsrs Incorporated. Tocqueville Asset Management Lp holds 0.56% or 875,353 shares in its portfolio. De Burlo Group Incorporated reported 0.85% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). 243,976 are owned by Markston Intl Llc. Virginia-based Swift Run Cap Mgmt Limited Co has invested 8.81% in Marathon Petroleum Corporation (NYSE:MPC). Wexford Lp invested 6.32% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Manning Napier Ltd Llc reported 96,584 shares stake. Cibc Asset Management reported 0.02% stake. Northern Trust stated it has 0.09% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Exxonmobil Management Tx stated it has 92,449 shares or 0.13% of all its holdings.

Since December 12, 2017, it had 1 buying transaction, and 4 sales for $7.02 million activity. $101,070 worth of stock was bought by BUNCH CHARLES E on Tuesday, March 6. Another trade for 50,746 shares valued at $3.29M was sold by Palmer C. Michael. $2.31 million worth of stock was sold by Kelley Thomas M. on Thursday, December 14.

Acropolis Investment Management Llc decreased its stake in Marathon Pete Corp (MPC) by 66.26% based on its latest 2017Q3 regulatory filing with the SEC. Acropolis Investment Management Llc sold 28,063 shares as the company’s stock rose 5.52% with the market. The institutional investor held 14,287 shares of the integrated oil company at the end of 2017Q3, valued at $1.72 million, down from 42,350 at the end of the previous reported quarter. Acropolis Investment Management Llc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $32.89 billion market cap company. The stock increased 1.01% or $0.69 during the last trading session, reaching $69.32. About 1.10M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since March 16, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on April, 26. They expect $0.64 earnings per share, up 966.67 % or $0.58 from last year’s $0.06 per share. MPC’s profit will be $303.61M for 27.08 P/E if the $0.64 EPS becomes a reality. After $1.05 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -39.05 % negative EPS growth.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Marathon Petroleum Corp had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Tuesday, March 13 by Citigroup. The firm earned “Sell” rating on Thursday, May 19 by UBS. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Cowen & Co on Friday, December 15. The rating was upgraded by Raymond James to “Strong Buy” on Monday, October 31. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, February 4 report. The rating was upgraded by JP Morgan on Wednesday, December 7 to “Overweight”. The rating was maintained by Piper Jaffray on Sunday, January 21 with “Buy”. Howard Weil maintained Marathon Petroleum Corporation (NYSE:MPC) on Friday, October 28 with “Sector Perform” rating. The company was maintained on Thursday, July 13 by Credit Suisse. The firm has “Buy” rating by UBS given on Thursday, February 2.

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