D-E Shaw & Company INC Stake in Marathon Pete Corp (MPC) Has Lowered by $66.46 Million as Share Price Rose

April 26, 2018 - By Peter Erickson

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 37 investors sold MPC 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. World Asset Management accumulated 46,440 shares or 0.1% of the stock. 231,400 were reported by Bnp Paribas Arbitrage Sa. Royal Financial Bank Of Canada holds 0.04% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 1.48M shares. Riverhead Cap Mngmt Ltd Liability Corporation stated it has 151,760 shares. Loomis Sayles Communication Ltd Partnership has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). Victory accumulated 151,058 shares. Tph Asset Mgmt Ltd Liability Corporation owns 41,848 shares. 295,817 are held by Nordea Invest Mngmt Ab. Tower Rech Capital Llc (Trc) accumulated 0.05% or 6,108 shares. Pitcairn reported 13,022 shares. Moreover, Cortland Associates Mo has 0.08% invested in Marathon Petroleum Corporation (NYSE:MPC) for 6,426 shares. Old Point Trust Serv N A, Virginia-based fund reported 6,607 shares. Cambridge Invest Research holds 0.03% in Marathon Petroleum Corporation (NYSE:MPC) or 33,360 shares. First Republic Investment Mngmt Incorporated accumulated 172,134 shares. Highvista Strategies Ltd Limited Liability Company reported 39,200 shares.

Since December 12, 2017, it had 1 insider buy, and 5 sales for $8.42 million activity. Another trade for 6,374 shares valued at $413,864 was made by Nichols Rodney P. on Thursday, December 14. $1.40M worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Kelley Thomas M. on Tuesday, March 13. Shares for $101,070 were bought by BUNCH CHARLES E on Tuesday, March 6.

David Shaw decreased its stake in Marathon Pete Corp (MPC) by 15.38% based on its latest 2017Q4 regulatory filing with the SEC. D-E Shaw & Company Inc sold 1.02 million shares as the company’s stock rose 9.83% while stock markets declined. The hedge fund run by David Shaw held 5.62 million shares of the integrated oil company at the end of 2017Q4, valued at $371.01 million, down from 6.65 million at the end of the previous reported quarter. D-E Shaw & Company Inc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $39.32 billion market cap company. The stock increased 3.30% or $2.65 during the last trading session, reaching $82.88. About 3.73M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since April 26, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

D-E Shaw & Company Inc, which manages about $81.36B and $72.62 billion US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 2.19 million shares to 2.23 million shares, valued at $127.19 million in 2017Q4, according to the filing. It also increased its holding in Mcdonalds Corp (Put) (NYSE:MCD) by 100,700 shares in the quarter, for a total of 390,400 shares, and has risen its stake in Humana Inc (NYSE:HUM).

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on May, 1 before the open. They expect $0.24 EPS, up 300.00 % or $0.18 from last year’s $0.06 per share. MPC’s profit will be $113.86M for 86.33 P/E if the $0.24 EPS becomes a reality. After $1.05 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -77.14 % negative EPS growth.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 14 analysts covering Marathon Petro (NYSE:MPC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Marathon Petro had 27 analyst reports since November 14, 2017 according to SRatingsIntel. Scotia Capital maintained the shares of MPC in report on Thursday, December 21 with “Hold” rating. Jefferies downgraded the stock to “Hold” rating in Monday, February 5 report. The company was maintained on Tuesday, April 24 by Jefferies. The firm earned “Overweight” rating on Tuesday, November 14 by Barclays Capital. RBC Capital Markets maintained the shares of MPC in report on Friday, April 13 with “Buy” rating. On Tuesday, November 14 the stock rating was maintained by Cowen & Co with “Buy”. As per Monday, April 9, the company rating was maintained by JP Morgan. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Cowen & Co on Friday, December 15. The rating was maintained by Scotia Capital with “Hold” on Wednesday, January 10. Scotia Capital maintained the stock with “Hold” rating in Monday, April 9 report.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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