Price Action Alert: What’s Next for Marathon Petroleum Corp After Today’s Significant Increase?

Price Action Alert: What's Next for Marathon Petroleum Corp After Today's Significant Increase?

The stock of Marathon Petroleum Corp (NYSE:MPC) is a huge mover today! About 1.36 million shares traded hands. Marathon Petroleum Corp (NYSE:MPC) has risen 18.28% since March 1, 2016 and is uptrending. It has outperformed by 9.04% the S&P500.
The move comes after 6 months positive chart setup for the $22.50 billion company. It was reported on Oct, 4 by We have $52.29 PT which if reached, will make NYSE:MPC worth $5.40B more.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on November, 3. They expect $0.71 earnings per share, down 59.66% or $1.05 from last year’s $1.76 per share. MPC’s profit will be $378.82 million for 14.85 P/E if the $0.71 EPS becomes a reality. After $1.07 actual earnings per share reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -33.64% negative EPS growth.

Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage

Out of 13 analysts covering Marathon Petroleum Corp (NYSE:MPC), 9 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. Marathon Petroleum Corp has been the topic of 34 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Sector Outperform” rating given on Tuesday, December 15 by Howard Weil. On Monday, August 10 the stock rating was downgraded by Zacks to “Buy”. The firm earned “Sell” rating on Thursday, May 19 by UBS. The firm has “Neutral” rating by JP Morgan given on Friday, February 5. The rating was maintained by RBC Capital Markets with “Top Pick” on Thursday, February 4. Howard Weil maintained it with “Sector Outperform” rating and $50 target price in Thursday, February 4 report. The firm has “Overweight” rating given on Friday, December 4 by Barclays Capital. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Buy” rating by Deutsche Bank on Friday, December 4. As per Tuesday, August 11, the company rating was downgraded by Vetr. On Monday, August 22 the stock rating was maintained by Piper Jaffray with “Neutral”.

According to Zacks Investment Research, “Marathon Petroleum Corporation is engaged in refining, transporting, and marketing of petroleum products. Marathon Petroleum Corporation is headquartered in Findlay, Ohio.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.04, from 0.89 in 2016Q1. The ratio is negative, as 79 funds sold all Marathon Petroleum Corp shares owned while 263 reduced positions. 62 funds bought stakes while 228 increased positions. They now own 416.18 million shares or 3.84% more from 400.79 million shares in 2016Q1.
Tfs Cap reported 10,333 shares or 0.07% of all its holdings. Dimensional Fund Advsr Limited Partnership has 5.79 million shares for 0.13% of their US portfolio. Stock Yards Comml Bank Company last reported 19,754 shares in the company. First Allied Advisory Ser holds 0.03% or 14,250 shares in its portfolio. Old Second National Bank Of Aurora reported 2,278 shares or 0.04% of all its holdings. Teachers Advsrs holds 0.06% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 850,682 shares. Blackrock has invested 0.07% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Jefferies Grp Llc last reported 0.01% of its portfolio in the stock. Comerica National Bank holds 0.07% or 200,768 shares in its portfolio. Natl Invest Services Wi has invested 3.73% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Gabelli Funds Limited Liability Co reported 509,000 shares or 0.11% of all its holdings. Zebra Cap Limited Liability Company has 29,119 shares for 0.38% of their US portfolio. Fmr Ltd Liability Corp last reported 0.01% of its portfolio in the stock. Dreman Value Mgmt L L C reported 19,025 shares or 0.45% of all its holdings. Swiss National Bank & Trust last reported 0.09% of its portfolio in the stock.

Insider Transactions: Since May 2, 2016, the stock had 2 insider buys, and 0 selling transactions for $129,170 net activity. $77,120 worth of Marathon Petroleum Corp (NYSE:MPC) shares were bought by BUNCH CHARLES E. Another trade for 1,500 shares valued at $52,050 was made by DAVIS STEVEN A on Thursday, May 26.

More news for Marathon Petroleum Corp (NYSE:MPC) were recently published by:, which released: “Marathon Petroleum Corporation Announces Election of New Director” on October 03, 2016.‘s article titled: “Marathon Petroleum – Huge Cash Flow Potential” and published on September 25, 2016 is yet another important article.

MPC Company Profile

Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products, through various means, including barges, terminals and trucks that it owns or operates. It sells refined products to wholesale marketing clients domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.

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