*Loews Corp Holds Stake in Marathon Petroleum Corp (MPC)

May 16, 2018 - By Maria Fierro

Marathon Petroleum Corporation (NYSE:MPC) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.96. That’s change of 0.05, from 2017Q3’s 0.91. 37 investors sold all, 316 reduced holdings as MPC ratio improved. 222 rose holdings while 118 funds amassed holdings. Funds hold 367.91 million shares thus 3.23% less from 2017Q3’s 380.18 million shares. Rdl Finance Inc stated it has 0.19% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Washington Trust Natl Bank invested 0.05% in Marathon Petroleum Corporation (NYSE:MPC). Town Country State Bank Dba First Bankers has 45,464 shs for 1.48% of their capital. 220,660 were reported by Suvretta Mngmt Limited Liability. Brandywine Glob Lc has 559,907 shs for 0.22% of their capital. Montag A And reported 0.06% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Dimensional Fund Advsrs Lp stated it has 0.16% of its capital in Marathon Petroleum Corporation (NYSE:MPC). The Missouri-based Century Companies has invested 0.12% in Marathon Petroleum Corporation (NYSE:MPC). Ellington Management Gp Limited Company owns 0.09% invested in Marathon Petroleum Corporation (NYSE:MPC) for 8,000 shs. 175 were reported by Valley Advisers. Ameritas Inv Ptnrs Inc holds 0.09% or 31,045 shs. Susquehanna Intll Group Ltd Liability Partnership holds 0% or 172,200 shs. Tower Research Limited (Trc) reported 6,108 shs stake. Bessemer Group Inc Inc owns 212,109 shs. Amf Pensionsforsakring has invested 0.42% of its capital in Marathon Petroleum Corporation (NYSE:MPC).

MPC registered $8.42 million net activity with 1 insider purchase and 5 insider sales since December 12, 2017. On Thursday, December 14 Kelley Thomas M. also sold $2.31M worth of Marathon Petroleum Corporation (NYSE:MPC). $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) shs were bought by BUNCH CHARLES E. On Thursday, December 14 6,374 shs were sold by Nichols Rodney P., worth $413,864.

According to 2017Q4 Securities and Exchange form the Loews Corp reduced its holdings in Marathon Petroleum Corp (MPC) by 19.55%. 58,650 shares were sold by Loews Corp as the company’s stock rose 9.83% while stock markets declined. The integrated oil company at the end of 2017Q4 was priced at $15.92M. It’s down from 300,000 at the end of the previous reported quarter. Now it had 241,350 shares held by the institutional investor . Marathon Petroleum Corp has $35.22 billion market cap. Ticker’s shares touched $76.25 during the last trading session after 1.35% change.Marathon Petroleum Corporation has volume of 2.11 million shares. Since May 16, 2017 MPC has risen 49.25% and is uptrending. MPC outperformed the S&P 500 by 37.70%.

A portfolio of $16.53B is managed by Loews Corp. As it’s published in Securities and Exchange form the stake in Hewlett Packard Enterprise is upped by 321,766 shares to 636,598 shares. They are valued at $9.14 million in 2017Q4. Loews Corp has risen its stake in Hca Healthcare Inc (NYSE:HCA) and also increased its holding in Bank Of America Corp (NYSE:BAC) by 150,000 shares in the quarter, for a total of 163,448 shares.

Earnings report for Marathon Petroleum Corporation (NYSE:MPC) is awaited on July, 26., according to RTT. Analysts forecast $1.65 EPS. That’s $0.62 up or 60.19 % from 2017’s earnings of $1.03. If MPC’s EPS is $1.65 the profit will reach $762.09M for 11.55 P/E. Wall Street now sees 1,962.50 % EPS growth despite Marathon Petroleum Corporation last quarter’s EPS of $0.08.

For more Marathon Petroleum Corporation (NYSE:MPC) news posted recently go to: Seekingalpha.com, Streetinsider.com, Globenewswire.com, 247Wallst.com or Benzinga.com. The titles are as follows: “Marathon’s Historic Move Is Great For Andeavor’s Investors” posted on May 03, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” with a publish date: May 16, 2018, “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” and the last “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” with publication date: May 08, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

In total 14 analysts cover Marathon Petro (NYSE:MPC). “Buy” rating has 12, “Sell” are 0, while 2 are “Hold”. (NYSE:MPC) has 86% bullish analysts. 29 are the (NYSE:MPC)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. In Monday, April 16 report Morgan Stanley maintained it with “Overweight” rating and $95 target. On Friday, December 15 the firm earned “Buy” rating by Cowen & Co. The company rating was maintained by Scotia Capital on Thursday, December 21. On Monday, April 9 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Overweight” rating by JP Morgan. On Friday, April 20 RBC Capital Markets maintained Marathon Petroleum Corporation (NYSE:MPC) with “Buy” rating. The stock rating was maintained by Wells Fargo with “Hold” on Thursday, March 15. On Tuesday, February 13 Goldman Sachs upgraded Marathon Petroleum Corporation (NYSE:MPC) to “Buy” rating. On Thursday, May 10 the rating was upgraded by Bank of America to “Buy”. The stock rating was maintained by Cowen & Co with “Buy” on Thursday, February 1. On Tuesday, April 24 the stock has “Hold” rating by Jefferies.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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