Marathon Petroleum Corporation (MPC) Forms Double Top Chart Pattern Trading at $70.46

June 29, 2018 - By Sarah North

Marathon Petroleum Corporation (NYSE:MPC) Corporate Logo

During Q1 2018 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 Marathon Petroleum Corporation ratio worsened. 239 grew positions while 98 funds acquired positions. Funds hold 354.13 million shares thus 3.74% less from 2017Q4’s 367.91 million shares.
Massachusetts Financial Svcs Ma owns 2.23 million shs. Lazard Asset Mngmt Ltd Llc holds 71,295 shs. Advisory Serv Network Ltd Liability holds 14,786 shs or 0.09% of its capital. Mount Lucas Mgmt L P invested 1.61% in Marathon Petroleum Corporation (NYSE:MPC). Sequoia Financial Advisors Ltd Liability Company accumulated 0.27% or 35,736 shs. Park National Corporation Oh reported 8,297 shs or 0.04% of all its holdings. First Personal Svcs owns 853 shs or 0.01% of their US capital. Selway Asset, a Idaho-based fund reported 50,480 shs. Markston Ltd Llc has 190,403 shs. Ontario Teachers Pension Plan Board has invested 0.26% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Harvest Fund Limited reported 6,370 shs. Conning invested in 1.19% or 504,887 shs. Hengehold Capital Mgmt Limited Liability reported 0.72% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Koshinski Asset Mngmt has invested 0.1% in Marathon Petroleum Corporation (NYSE:MPC). Natl Services Wi reported 33,130 shs or 2.26% of all its holdings.

Marathon Petroleum Corporation registered $3.27 million net activity with 1 insider buy and 2 sales since March 6, 2018. $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) was bought by BUNCH CHARLES E 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.

The stock increased 1.40% or $0.97 during the last trading session, reaching $70.46.Currently Marathon Petroleum Corporation is uptrending after 46.81% change in last June 29, 2017. MPC has 2.11 million shares volume. MPC outperformed by 34.24% the S&P500.

On July, 26 WallStreet awaited Marathon Petroleum Corporation (NYSE:MPC)’s earnings report, according to RTT. Analysts predict $1.71 earnings per share, which is $0.68 up or 66.02 % from 2017’s $1.03 earnings per share. If earnings per share of $1.71 is published the profit of MPC could hit $789.81 million giving it 10.30 P/E. 2,037.50 % EPS growth is what Wall Street’s forecasts after $0.08 reported EPS last quarter.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

A total of 15 analysts rate Marathon Petroleum (NYSE:MPC) as follows: 13 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 87% are bullish. The firm has $97.0 highest and $66.0 lowest target. The avg target $85.43 is 21.25% above the last ($70.46) price. (NYSE:MPC) has 28 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Tuesday, April 24 the rating was maintained by Jefferies with “Hold”. On Thursday, May 10 the firm has “Buy” rating by Bank of America given. In Friday, April 20 report RBC Capital Markets maintained it with “Buy” rating and $8800 target. The stock rating was upgraded by Wells Fargo to “Outperform” on Tuesday, May 29. On Friday, April 13 the rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, March 13 the rating was maintained by Citigroup with “Buy”. In Thursday, May 3 report Jefferies upgraded the stock to “Buy” rating. On Tuesday, January 30 RBC Capital Markets maintained the shares of MPC in report with “Buy” rating. On Monday, February 5 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Sell” rating given by Wells Fargo. On Thursday, March 15 Wells Fargo maintained the shares of MPC in report with “Hold” rating.

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

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