As Marathon Petroleum Corp (MPC) Shares Rose, Shareholder Iridian Asset Management LLC Decreased Stake

April 16, 2018 - By Michael Higginson

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 increased. 222 grew positions while 118 funds bought positions. Funds hold 367.91 million shares thus 3.23% less from 2017Q3’s 380.18 million shares. Cadence Capital Mgmt Limited Liability reported 0.36% in Marathon Petroleum Corporation (NYSE:MPC). Virtus Invest Advisers owns 88,769 shs for 0.3% of their capital. Texas Permanent School Fund reported 133,333 shs. Reliance Trust Company Of Delaware has invested 0.07% in Marathon Petroleum Corporation (NYSE:MPC). Prelude Capital Ltd Co reported 0.02% in Marathon Petroleum Corporation (NYSE:MPC). Sector Pension Invest Board holds 26,266 shs or 0.01% of its capital. Axa reported 70,656 shs or 0.02% of all its holdings. 142,085 are owned by Mutual Of America. Burke Herbert Comml Bank Commerce has invested 0.2% in Marathon Petroleum Corporation (NYSE:MPC). Moreover, Ancora Advsr Limited Liability has 0.41% invested in Marathon Petroleum Corporation (NYSE:MPC) for 115,864 shs. Arrowmark Colorado Lc holds 0.01% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 11,900 shs. Da Davidson & reported 0.02% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Monetary Mngmt Grp holds 0.02% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 700 shs. Gsa Partners Ltd Liability Partnership invested 0.15% in Marathon Petroleum Corporation (NYSE:MPC). 4,700 were accumulated by Vaughan David Invs Il.

MPC had 5 insider sales and 1 buying transaction since December 12, 2017. This’s net activity of $8.42 million. BUNCH CHARLES E also bought $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) shs. Another trade for 20,000 shs valued at $1.40 million was sold by Kelley Thomas M.. Shares for $413,864 were sold by Nichols Rodney P. on Thursday, December 14.

Based on the latest 2017Q4 regulatory filing with the SEC, David Cohen reduced its holdings in Marathon Petroleum Corp (MPC) by 11.41%. 914,133 shares were sold by Iridian Asset Management Llc as the company’s stock rose 9.83% while stock markets declined. At the end of 2017Q4, the hedge fund run by David Cohen held 7.10M shares of the integrated oil company, valued at $468.41 million, down from 8.01M at the end of the previous reported quarter. Marathon Petroleum Corp has $36.61 billion market cap. Its shares touched $77.18 on during the last trading session after 3.47% change.Currently Marathon Petroleum Corporation is uptrending after 49.25% change in last April 16, 2017. MPC has 2.30M shares volume. MPC outperformed the S&P 500 by 37.70%.

Iridian Asset Management Llc operates about $11.52 billion and $11.89 billion US Long portfolio. It rose its stake in First Data Corp by 2.15M shares to 8.91 million shares, valued at $148.81 million in 2017Q4, according to the filing. For a total of 901,697 shares it increased its holding in Eagle Pharmaceuticals (NASDAQ:EGRX) by 87,483 shares in the quarter, and has risen its stake in Allergan Inc.

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 30.15 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

In total 13 analysts cover Marathon Petro (NYSE:MPC). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. 69% are bullish. 27 are the (NYSE:MPC)’s analyst reports since October 17, 2017 according to StockzIntelligence Inc. On Monday, April 9 Scotia Capital maintained Marathon Petroleum Corporation (NYSE:MPC) rating. Scotia Capital has “Hold” rating and $7200 target. On Tuesday, November 14 Cowen & Co maintained the shares of MPC in report with “Buy” rating. On Tuesday, March 13 Citigroup maintained Marathon Petroleum Corporation (NYSE:MPC) with “Buy” rating. On Sunday, January 21 Piper Jaffray maintained Marathon Petroleum Corporation (NYSE:MPC) with “Buy” rating. On Thursday, March 15 the stock has “Hold” rating by Wells Fargo. The company rating was maintained by Cowen & Co on Tuesday, October 17. On Thursday, February 1 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Cowen & Co. On Tuesday, November 14 Barclays Capital maintained Marathon Petroleum Corporation (NYSE:MPC) with “Overweight” rating. On Wednesday, December 20 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given by RBC Capital Markets. On Wednesday, October 18 the firm earned “Buy” rating by RBC Capital Markets.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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