As Marathon Petroleum Corporation (MPC) Shares Rose, Shareholder River Road Asset Management LLC Decreased Its Stake by $10.29 Million

June 26, 2018 - By Matthew Medley

Marathon Petroleum Corporation (NYSE:MPC) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.9. That’s change of 0.06, from 2017Q4’s 0.96. 52 investors sold all, 322 reduced holdings as MPC ratio dived. 239 grew positions while 98 funds amassed positions. Funds hold 354.13 million shares thus 3.74% less from 2017Q4’s 367.91 million shares. Price T Rowe Assoc Inc Md stated it has 0.09% in Marathon Petroleum Corporation (NYSE:MPC). Prelude Capital Mngmt Limited Liability accumulated 4,580 shs. Guardian Life Com Of America invested in 1,124 shs or 0.02% of the stock. Tiaa Cref Inv Mngmt Limited Liability holds 1.64M shs or 0.08% of its capital. Bluecrest Cap Management Ltd reported 117,355 shs. Blackrock Incorporated holds 0.14% in Marathon Petroleum Corporation (NYSE:MPC) or 39.95 million shs. Teacher Retirement Sys Of Texas invested 0.34% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Mufg Americas Corporation holds 0.06% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 26,601 shs. Plante Moran Advisors Ltd has 0.04% invested in Marathon Petroleum Corporation (NYSE:MPC). Hancock Holding Company stated it has 0.82% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Shell Asset Management Communications reported 32,828 shs or 0.05% of all its holdings. Cwm Ltd Co stated it has 9,770 shs or 0.03% of all its holdings. The New York-based Ibm Retirement Fund has invested 0.16% in Marathon Petroleum Corporation (NYSE:MPC). Manufacturers Life Comm The has 0.05% invested in Marathon Petroleum Corporation (NYSE:MPC) for 558,267 shs. Hightower Advisors Limited Liability Company holds 477,813 shs.

MPC registered $3.27 million net activity with 1 buy and 2 selling transactions since March 6, 2018. On Wednesday, May 30 a trade for 24,818 shs valued at $1.97 million was made by Kelley Thomas M..

In 2018Q1 Securities and Exchange filling is reported River Road Asset Management Llc’s stake in Marathon Petroleum Corporation (MPC) which was reduced by 7.77%. The company’s stock popped up 16.16% while River Road Asset Management Llc sold 140,968 shares. The integrated oil company announced $122.41 million value for the 2018Q1. Now the institutional investor is holding 1.67 million shares, compared to the 1.82 million from the previous quarter. Marathon Petroleum Corporation has $32.71 billion market cap. MPC is reaching $70.8099 during the last trading session, after increased 1.20%.Marathon Petroleum Corporation has volume of 2.97M shares. Since June 26, 2017 MPC has risen 46.81% and is uptrending. MPC outperformed the S&P 500 by 34.24%.

River Road Asset Management Llc operates about $10.26 billion and $4.92 billion US Long portfolio. According to a filing the fund rose its stake in Mitel Networks Corporation (NASDAQ:MITL) by 665,666 shares to 7.49M shares, valued at $69.52 million in 2018Q1. River Road Asset Management Llc has risen its stake in Fgl Holdings Class A and also increased its holding in Brookfield Asset Management In (NYSE:BAM) by 94,384 shares in the quarter, for a total of 276,323 shares.

Investors wait Marathon Petroleum Corporation (NYSE:MPC)’s quarterly earnings on July, 26., as reported by Faxor. The EPS diference is $0.68 or 66.02 % up from last years number. Previous year: $1.03; Analysts forcast: $1.71. If $1.71 is reported, MPC’s profit will hit $789.82M for 10.35 P/E. 2,037.50 % EPS growth is what Wall Street’s forecasts after $0.08 reported EPS previous quarter.

A couple more Marathon Petroleum Corporation (NYSE:MPC) news were brought out by: Bizjournals.com which released on June 04, 2018 “Behind The Deal: Andeavor looked to be bought while closing Western Refining acquisition”, also Investorplace.com on June 26, 2018 brought out “Stick with Refiners and Wait for the OPEC Decision to Shake Out”, the next Bizjournals.com is “See which Houston public cos. were the biggest winners, losers for job growth since 2009” on June 25, 2018. Fool.com has article titled “1 Metric Explains Why Oil Refinery Stocks Are Soaring Right Now”.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Total analysts of 15 have positions in Marathon Petroleum (NYSE:MPC) as follows: 13 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 87%. The firm has $97.0 highest while $66.0 is the lowest target. The average target $85.43 is 20.65% above the last ($70.8099) price. Since January 3, 2018 according to StockzIntelligence Inc Marathon Petroleum has 28 analyst reports. The stock rating was downgraded by Tudor Pickering to “Hold” on Friday, May 18. On Tuesday, May 29 the rating was upgraded by Wells Fargo to “Outperform”. On Wednesday, January 10 Scotia Capital maintained the shares of MPC in report with “Hold” rating. On Tuesday, March 13 the firm earned “Overweight” rating by JP Morgan. On Tuesday, May 1 Wells Fargo maintained the shares of MPC in report with “Market Perform” rating. On Monday, April 9 the firm has “Overweight” rating given by JP Morgan. On Monday, April 16 Morgan Stanley maintained Marathon Petroleum Corporation (NYSE:MPC) rating. Morgan Stanley has “Overweight” rating and $95 target. On Friday, April 13 the rating was maintained by RBC Capital Markets with “Buy”. The stock rating was maintained by Wells Fargo with “Hold” on Thursday, March 15. In Friday, April 20 report RBC Capital Markets maintained it with “Buy” rating and $8800 target.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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