Breaking: Morgan Stanley Reiterates $95 Target Price On Marathon Petroleum (NYSE:MPC) Shares, Reiterates Their Original “Overweight” Rating

April 17, 2018 - By Graig Alexander

Marathon Petroleum Corporation (NYSE:MPC) Logo

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold Marathon Petroleum Corporation shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported.

Miller Howard New York owns 165,089 shares for 0.24% of their portfolio. Dixon Hubard Feinour & Brown Va reported 3,758 shares stake. 2.99M were accumulated by Steadfast L P. Freestone Cap Ltd Liability, a Washington-based fund reported 10,000 shares. Boston Private Wealth Ltd Limited Liability Company accumulated 12,715 shares. Swiss Bancorporation has invested 0.13% in Marathon Petroleum Corporation (NYSE:MPC). First Corporation In has 0.19% invested in Marathon Petroleum Corporation (NYSE:MPC). New Mexico Educational Retirement Board reported 48,670 shares. Ipswich Invest Mgmt holds 3,601 shares. Cibc Ww reported 396,825 shares or 0.19% of all its holdings. Aviva Public Ltd accumulated 275,532 shares. State Bank Of The West reported 71,776 shares. D Scott Neal holds 0.01% in Marathon Petroleum Corporation (NYSE:MPC) or 206 shares. Employees Retirement Association Of Colorado holds 0.04% or 98,424 shares. Suntrust Banks has invested 0.03% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC).

Since December 12, 2017, it had 1 buy, and 5 selling transactions for $8.42 million activity. On Thursday, December 14 Nichols Rodney P. sold $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) or 6,374 shares. BUNCH CHARLES E also bought $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, March 6. 50,746 shares valued at $3.29M were sold by Palmer C. Michael on Thursday, December 14.

Marathon Petroleum (NYSE:MPC) Rating Reaffirmed

The financial company has just set a TP of $95 on Marathon Petroleum (NYSE:MPC) shares. This is 21.87 % from the last stock close. In a note revealed to investors and clients on Monday morning, Morgan Stanley restate their “Overweight” rating on shares of MPC.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold Marathon Petroleum Corporation shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported.

Miller Howard New York owns 165,089 shares for 0.24% of their portfolio. Dixon Hubard Feinour & Brown Va reported 3,758 shares stake. 2.99M were accumulated by Steadfast L P. Freestone Cap Ltd Liability, a Washington-based fund reported 10,000 shares. Boston Private Wealth Ltd Limited Liability Company accumulated 12,715 shares. Swiss Bancorporation has invested 0.13% in Marathon Petroleum Corporation (NYSE:MPC). First Corporation In has 0.19% invested in Marathon Petroleum Corporation (NYSE:MPC). New Mexico Educational Retirement Board reported 48,670 shares. Ipswich Invest Mgmt holds 3,601 shares. Cibc Ww reported 396,825 shares or 0.19% of all its holdings. Aviva Public Ltd accumulated 275,532 shares. State Bank Of The West reported 71,776 shares. D Scott Neal holds 0.01% in Marathon Petroleum Corporation (NYSE:MPC) or 206 shares. Employees Retirement Association Of Colorado holds 0.04% or 98,424 shares. Suntrust Banks has invested 0.03% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC).

Since December 12, 2017, it had 1 buy, and 5 selling transactions for $8.42 million activity. On Thursday, December 14 Nichols Rodney P. sold $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) or 6,374 shares. BUNCH CHARLES E also bought $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, March 6. 50,746 shares valued at $3.29M were sold by Palmer C. Michael on Thursday, December 14.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 14 analysts covering Marathon Petroleum (NYSE:MPC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Marathon Petroleum has $97.0 highest and $66.0 lowest target. $84.83’s average target is 8.83% above currents $77.945 stock price. Marathon Petroleum had 27 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Overweight” rating given on Monday, April 16 by Morgan Stanley. The company was downgraded on Monday, February 5 by Wells Fargo. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, February 13 report. The rating was maintained by Barclays Capital on Tuesday, November 14 with “Overweight”. The rating was maintained by Piper Jaffray on Sunday, January 21 with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Thursday, February 1 report. The firm has “Buy” rating by Cowen & Co given on Friday, December 15. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 7. The company was downgraded on Monday, February 5 by Jefferies. RBC Capital Markets maintained the shares of MPC in report on Friday, April 13 with “Buy” rating.

The stock increased 0.55% or $0.425 during the last trading session, reaching $77.945. About 1.12 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since April 17, 2017 and is uptrending. It has outperformed by 37.70% 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 30.45 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, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company has market cap of $36.98 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 11.63 P/E ratio. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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