Marathon Petroleum Corporation (MPC) Is Forming Double Top Chart Pattern at $70.46

June 29, 2018 - By Arnold Ferreira

Marathon Petroleum Corporation (NYSE:MPC) Corporate Logo

Big Money Sentiment decreased to 0.9 in Q1 2018. It has change of 0.06, from 2017Q4’s 0.96. The ratio is negative due to Marathon Petroleum Corporation positioning: 52 sold and 322 reduced. 98 funds acquired stakes and 239 increased stakes. Investors holded 367.91 million in 2017Q4 but now own 354.13 million shares or 3.74% less.
Smithfield Com, a Pennsylvania-based fund reported 355 shs. Art Advisors Lc invested in 49,900 shs or 0.15% of the stock. First Mercantile Trust Comm, a Tennessee-based fund reported 9,168 shs. Bokf Na stated it has 70,887 shs. Royal Bancshares Of Canada reported 1.96 million shs. Benjamin F Edwards & has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). Richard Bernstein Advsr has 0.04% invested in Marathon Petroleum Corporation (NYSE:MPC). Private Advisor Ltd Liability Corp holds 0.02% or 5,732 shs. Ontario Teachers Pension Plan Board reported 0.26% stake. Savant Ltd Liability Corp holds 0.13% or 8,731 shs. Cetera Advisor Llc accumulated 4,769 shs. Shikiar Asset Mngmt Incorporated stated it has 59,515 shs or 1.98% of all its holdings. Srb Corporation reported 3,177 shs. Vantage Investment Advsr Lc owns 1,657 shs or 0.03% of their US capital. 3,249 were accumulated by Sigma Planning.

Marathon Petroleum Corporation registered $3.27 million net activity with 1 insider purchase and 2 selling transactions since March 6, 2018. 1,500 shs were bought by BUNCH CHARLES E, worth $101,070 on Tuesday, March 6.

Marathon Petroleum Corporation (MPC) makes a double top chart today and has $72.57 PT or 3.00 % above today’s $70.46 share price. It has $32.54B MC. This chart was posted on Jun, 29 by Finviz.com. At our $72.57 PT, the company worth will be $976.32M more.

MPC is hitting $70.46 during the last trading session, after increased 1.40%.Currently Marathon Petroleum Corporation is uptrending after 46.81% change in last June 29, 2017. MPC has 2.11M shares volume. MPC outperformed by 34.24% the S&P500.

On July, 26 Marathon Petroleum Corporation (NYSE:MPC)’s earnings report is awaited by WallStreet, according to RTT. Analysts predict $1.71 EPS. That’s $0.68 up or 66.02 % from 2017’s earnings of $1.03. If MPC’s EPS is $1.71 the profit will reach $789.81 million for 10.30 P/E. Wall Street forecasts 2,037.50 % EPS growth as of July, 26.

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 target Marathon Petroleum has $85.43 average target or 21.25% above the current ($70.46) price. 28 are the (NYSE:MPC)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. In Tuesday, May 1 report Bank of America maintained it with “Neutral” rating and $88 target. On Sunday, January 21 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given by Piper Jaffray. The stock rating was downgraded by Jefferies to “Hold” on Monday, February 5. In Monday, April 16 report Morgan Stanley maintained the stock with “Overweight” rating. On Friday, April 20 the stock has “Buy” rating by RBC Capital Markets. On Thursday, February 1 Cowen & Co maintained Marathon Petroleum Corporation (NYSE:MPC) with “Buy” rating. On Tuesday, January 30 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets. On Thursday, May 10 the rating was upgraded by Bank of America to “Buy”. On Wednesday, March 7 the stock has “Outperform” rating by Credit Suisse. On Wednesday, January 10 the company was maintained by Scotia Capital.

More recent Marathon Petroleum Corporation (NYSE:MPC) news were posted by Bizjournals.com, Globenewswire.com and Bizjournals.com. The first one has “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition” as a title and was posted on June 04, 2018. The next is “Investor Expectations to Drive Momentum within Education Realty Trust, Eagle Pharmaceuticals, Boingo Wireless …” on June 29, 2018. And last was posted on June 25, 2018, called “See which Houston public cos. were the biggest winners, losers for job growth since 2009”.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: