EPS for Marathon Petroleum Corp (MPC) Expected At $1.21

October 13, 2017 - By Michael Collier

 EPS for Marathon Petroleum Corp (MPC) Expected At $1.21
Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It worsened, as 53 investors sold Marathon Petroleum Corp shares while 274 reduced holdings. 93 funds opened positions while 250 raised stakes. 383.45 million shares or 4.21% less from 400.29 million shares in 2017Q1 were reported.
Crestpoint Management Limited Liability Com reported 1.32% stake. Buckingham Mngmt Inc owns 0.15% invested in Marathon Petroleum Corp (NYSE:MPC) for 12,735 shares. Community Fincl Bank Na reported 0% in Marathon Petroleum Corp (NYSE:MPC). Thompson Siegel Walmsley Limited Com invested in 757,245 shares. Cibc Asset Management holds 49,084 shares. Virtus Inv Advisers invested in 50,969 shares. Ivory Investment Mgmt Lc holds 0.57% or 294,375 shares in its portfolio. Secor Cap Advsrs Lp owns 177,173 shares. State Board Of Administration Of Florida Retirement Systems reported 769,968 shares or 0.11% of all its holdings. 8,560 are held by Scotia Capital Incorporated. Vaughan David Invs Inc Il has invested 0.01% in Marathon Petroleum Corp (NYSE:MPC). Cambridge Inv Rech Advsr accumulated 47,385 shares. Profit Investment Ltd Liability Corp has invested 0.8% in Marathon Petroleum Corp (NYSE:MPC). Cetera Advisor Limited Liability Co holds 0.01% or 3,856 shares. Indexiq Advisors Ltd Co owns 9,135 shares for 0.02% of their portfolio.

Since May 18, 2017, it had 0 insider buys, and 3 selling transactions for $1.81 million activity. Kelley Thomas M. sold $1.36M worth of stock or 25,000 shares.

Wall Street await Marathon Petroleum Corp (NYSE:MPC) to release earnings on October, 26. Analysts forecast earnings per share of $1.21, up exactly $0.63 or 108.62 % from 2014’s $0.58 EPS. The expected MPC’s profit could reach $612.17M giving the stock 11.68 P/E in the case that $1.21 earnings per share is reported. After posting $1.03 EPS for the previous quarter, Marathon Petroleum Corp’s analysts now forecast 17.48 % EPS growth. The stock increased 0.59% or $0.33 during the last trading session, reaching $56.55. About 3.05M shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since October 13, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage

Among 18 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Marathon Petroleum Corp had 56 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, October 3 by Goldman Sachs. The rating was maintained by Barclays Capital on Wednesday, March 16 with “Overweight”. The stock has “Strong Buy” rating by Raymond James on Monday, October 31. On Friday, October 28 the stock rating was maintained by Howard Weil with “Sector Perform”. The company was maintained on Friday, December 4 by Barclays Capital. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Overweight” rating given on Wednesday, August 26 by JP Morgan. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Buy” rating by RBC Capital Markets on Thursday, June 1. Jefferies maintained the shares of MPC in report on Thursday, June 22 with “Buy” rating. As per Friday, December 4, the company rating was maintained by Deutsche Bank. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, October 7 report.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The company has market cap of $28.61 billion. The Firm operates through three divisions: Refining & Marketing; Speedway; and Midstream. It has a 33.39 P/E ratio. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

More notable recent Marathon Petroleum Corp (NYSE:MPC) news were published by: Seekingalpha.com which released: “Marathon Petroleum: Overselling Its Gulf Coast Refining Capacity” on September 18, 2017, also Seekingalpha.com with their article: “Why Marathon Petroleum Loves Sour Oil” published on September 15, 2017, Nasdaq.com published: “Marathon Petroleum Corp. to announce 2017 third-quarter financial results Oct. 26” on October 05, 2017. More interesting news about Marathon Petroleum Corp (NYSE:MPC) were released by: Nasdaq.com and their article: “Surging Earnings Estimates Signal Good News for Marathon Petroleum (MPC)” published on September 22, 2017 as well as Seekingalpha.com‘s news article titled: “Marcellus And Utica Boom Music To MPLX LP’s Ears” with publication date: September 19, 2017.

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