Paradigm Asset Management Co LLC Decreased Marathon Petroleum Corp (MPC) Stake by $212.02 Million; Shares Rose

June 27, 2018 - By Samuel McNeil

Marathon Petroleum Corporation (NYSE:MPC) Corporate LogoBig Money Sentiment decreased to 0.9 in 2018 Q1. It has change of 0.06, from 2017Q4’s 0.96. The ratio dived due to MPC positioning: 52 sold and 322 reduced. 98 funds took positions and 239 increased positions. Investors holded 367.91 million in 2017Q4 but now own 354.13 million shares or 3.74% less. Nelson Van Denburg And Campbell Wealth Management Group Inc Limited Liability Com accumulated 0.04% or 2,400 shs. Adell Harriman & Carpenter reported 0% stake. Mai Capital Management owns 107,397 shs or 0.45% of their US capital. Moreover, Kentucky Retirement System has 0.15% invested in Marathon Petroleum Corporation (NYSE:MPC). Proshare Advisors Limited Liability Com has 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 112,188 shs. Richard Bernstein Advisors Ltd holds 0.04% or 17,306 shs in its capital. Hartford Fincl Mngmt has 38,414 shs. Arosa Cap Management Limited Partnership has invested 0.7% in Marathon Petroleum Corporation (NYSE:MPC). Lombard Odier Asset Management (Switzerland) Sa reported 23,837 shs or 0.18% of all its holdings. Sir Mgmt Lp, New York-based fund reported 52,998 shs. The Florida-based Wilen Management Corp has invested 1.81% in Marathon Petroleum Corporation (NYSE:MPC). Colony Grp Inc Ltd Liability Corporation reported 5,521 shs. State Board Of Administration Of Florida Retirement Systems reported 0.14% in Marathon Petroleum Corporation (NYSE:MPC). Neuberger Berman Group Incorporated Ltd Liability stated it has 106,900 shs. Wetherby Asset reported 9,475 shs stake.

MPC registered $3.27 million net activity with 1 insider purchase and 2 sales since March 6, 2018. Shares for $1.40 million were sold by Kelley Thomas M. on Tuesday, March 13.

According to 2018Q1 SEC filling the Paradigm Asset Management Co Llc reduced its holdings in Marathon Petroleum Corp (MPC) by 5.74%. 2,900 shares were sold by Paradigm Asset Management Co Llc as the company’s stock rose 16.16% while stock markets declined. At the end of 2018Q1, the 47,650 shares of the integrated oil company held by the institutional investor were valued at $3.48B, down from 50,550 at the end of the previous reported quarter. For a total of 7,700 shares it increased its holding in Honeywell Int’l (NYSE:HON) by 900 shares in the quarter, and has risen its stake in .

Marathon Petroleum Corporation (NYSE:MPC) is anticipated to reveal earnings on July, 26., as reported by RTT. Analysts predict $1.71 earnings per share. That’s $0.68 up or 66.02 % from 2017’s earnings of $1.03. If earnings per share of $1.71 is announced the profit of MPC could reach $789.81 million giving it 10.27 P/E. 2,037.50 % EPS growth is what Wall Street’s predicts after $0.08 reported EPS last quarter.

A couple more Marathon Petroleum Corporation (NYSE:MPC) news were posted by: Bizjournals.com which released on June 04, 2018 “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition”, also Fool.com on June 25, 2018 posted “1 Metric Explains Why Oil Refinery Stocks Are Soaring Right Now”, the next Bizjournals.com is “See which Houston public cos. were the biggest winners, losers for job growth since 2009” on June 25, 2018. Investorplace.com has article titled “Stick with Refiners and Wait for the OPEC Decision to Shake Out”.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

In total 15 analysts cover Marathon Petroleum (NYSE:MPC). “Buy” rating has 13, “Sell” are 0, while 2 are “Hold”. 87% are bullish. With $97.0 highest and $66.0 lowest PT Marathon Petroleum has $85.43 average PT or 21.57% above the current ($70.27) price. 28 are the (NYSE:MPC)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Wednesday, March 7 the rating was reinitiated by Credit Suisse with “Outperform”. On Friday, May 18 Tudor Pickering downgraded the shares of MPC in report to “Hold” rating. On Thursday, May 3 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given by Jefferies. On Tuesday, March 13 the rating was maintained by JP Morgan with “Overweight”. On Tuesday, April 24 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Hold” rating given by Jefferies. On Monday, February 5 the firm has “Hold” rating given by Jefferies. On Tuesday, May 1 the company was maintained by Wells Fargo. In Wednesday, January 10 report Scotia Capital maintained it with “Hold” rating and $75.0 target. On Thursday, May 10 the stock has “Buy” rating by Bank of America. On Monday, April 9 the rating was maintained by Scotia Capital with “Hold”.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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