Is Marathon Petroleum Corporation (MPC)’s Fuel Running Low? The Stock Reaches Record High Today

March 21, 2018 - By Vivian Park

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.14, from 1.05 in 2017Q2. It turned negative, as 52 investors sold Marathon Petroleum Corporation 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.
Sit Invest Assoc Inc has invested 0.56% in Marathon Petroleum Corporation (NYSE:MPC). Investment Services Wi reported 2.12% in Marathon Petroleum Corporation (NYSE:MPC). Argi Svcs Limited Liability Corporation holds 0.03% or 7,947 shares in its portfolio. Strs Ohio has invested 0.24% in Marathon Petroleum Corporation (NYSE:MPC). Old Mutual Customised Solutions (Proprietary) reported 0.21% stake. Hm Payson & reported 94,695 shares. Commerce Bankshares holds 0.03% in Marathon Petroleum Corporation (NYSE:MPC) or 41,140 shares. Pacific Inv has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). Td Asset Inc reported 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Benjamin F Edwards And Company holds 0.06% or 8,673 shares in its portfolio. Fiduciary Commerce stated it has 0.08% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Baker Ellis Asset Mgmt Ltd owns 24,766 shares or 0.37% of their US portfolio. 6,382 are owned by Rampart Investment Mngmt Limited Liability. Jefferies Grp Incorporated has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). 3.08 million were reported by Aqr Capital Management Lc.

Since December 12, 2017, it had 1 buying transaction, and 5 selling transactions for $8.42 million activity. Shares for $1.40 million were sold by Kelley Thomas M.. Palmer C. Michael sold $1.12 million worth of stock or 17,298 shares. $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) shares were sold by Nichols Rodney P..

The stock of Marathon Petroleum Corporation (NYSE:MPC) reached all time high today, Mar, 21 and still has $76.14 target or 4.00 % above today’s $73.21 share price. This indicates more upside for the $34.73 billion company. This technical setup was reported by If the $76.14 PT is reached, the company will be worth $1.39 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.45% or $1.75 during the last trading session, reaching $73.21. About 4.35 million shares traded or 10.52% up from the average. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since March 21, 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 28.60 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 80 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Zacks on Monday, August 10. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, October 18. On Tuesday, December 15 the stock rating was upgraded by Howard Weil to “Sector Outperform”. UBS upgraded it to “Neutral” rating and $44 target in Tuesday, November 1 report. UBS upgraded the shares of MPC in report on Thursday, February 2 to “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Tuesday, November 14 report. As per Wednesday, March 16, the company rating was maintained by Barclays Capital. On Wednesday, November 25 the stock rating was maintained by Oppenheimer with “Outperform”. Jefferies initiated Marathon Petroleum Corporation (NYSE:MPC) rating on Tuesday, August 23. Jefferies has “Buy” rating and $48 target. As per Wednesday, July 5, the company rating was maintained by RBC Capital Markets.

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 $34.73 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 10.93 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.