Key Researchers at Jefferies Didn’t Change their ‘”Hold”’ rating for Marathon Petro (NYSE:MPC) Shares Today. Their Target is Set to $75.0000

April 25, 2018 - By Vivian Currie

Marathon Petroleum Corporation (NYSE:MPC) Logo

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold Marathon Petroleum Corporation shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported.

Lourd Limited Co reported 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Welch And Forbes Llc reported 0.03% in Marathon Petroleum Corporation (NYSE:MPC). Cullen Frost Bankers, Texas-based fund reported 6,634 shares. State Of New Jersey Common Pension Fund D reported 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Blackrock Inc, a New York-based fund reported 43.97M shares. Contravisory Inv Mgmt stated it has 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). The Massachusetts-based Rampart Investment Management Company Ltd Liability has invested 0.16% in Marathon Petroleum Corporation (NYSE:MPC). Benjamin F Edwards owns 10,315 shares. Usca Ria Lc owns 1.06% invested in Marathon Petroleum Corporation (NYSE:MPC) for 145,460 shares. Duncker Streett & Commerce invested in 0.01% or 730 shares. D Scott Neal invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Schwab Charles Investment Mgmt holds 0.12% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 2.28 million shares. The New York-based Miller Howard Invests New York has invested 0.24% in Marathon Petroleum Corporation (NYSE:MPC). Old Second Bank Of Aurora holds 0.05% in Marathon Petroleum Corporation (NYSE:MPC) or 1,934 shares. Moreover, Boston Private Wealth Limited Co has 0.03% invested in Marathon Petroleum Corporation (NYSE:MPC).

Since December 12, 2017, it had 1 buy, and 5 insider sales for $8.42 million activity. Palmer C. Michael sold 17,298 shares worth $1.12M. 6,374 shares were sold by Nichols Rodney P., worth $413,864. BUNCH CHARLES E bought $101,070 worth of stock or 1,500 shares.

Marathon Petro (NYSE:MPC) Rating Reaffirmed

New York: In a research report revealed on Tuesday, 24 April, Jefferies reaffirmed their “Hold” rating on Marathon Petro (NYSE:MPC) shares. They now have a $75.0000 price target on the company. Jefferies’s target indicates a potential downside of -6.52 % from the company’s current price.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It increased, as 37 investors sold Marathon Petroleum Corporation shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported.

Lourd Limited Co reported 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Welch And Forbes Llc reported 0.03% in Marathon Petroleum Corporation (NYSE:MPC). Cullen Frost Bankers, Texas-based fund reported 6,634 shares. State Of New Jersey Common Pension Fund D reported 0.06% in Marathon Petroleum Corporation (NYSE:MPC). Blackrock Inc, a New York-based fund reported 43.97M shares. Contravisory Inv Mgmt stated it has 0.01% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). The Massachusetts-based Rampart Investment Management Company Ltd Liability has invested 0.16% in Marathon Petroleum Corporation (NYSE:MPC). Benjamin F Edwards owns 10,315 shares. Usca Ria Lc owns 1.06% invested in Marathon Petroleum Corporation (NYSE:MPC) for 145,460 shares. Duncker Streett & Commerce invested in 0.01% or 730 shares. D Scott Neal invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Schwab Charles Investment Mgmt holds 0.12% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 2.28 million shares. The New York-based Miller Howard Invests New York has invested 0.24% in Marathon Petroleum Corporation (NYSE:MPC). Old Second Bank Of Aurora holds 0.05% in Marathon Petroleum Corporation (NYSE:MPC) or 1,934 shares. Moreover, Boston Private Wealth Limited Co has 0.03% invested in Marathon Petroleum Corporation (NYSE:MPC).

Since December 12, 2017, it had 1 buy, and 5 insider sales for $8.42 million activity. Palmer C. Michael sold 17,298 shares worth $1.12M. 6,374 shares were sold by Nichols Rodney P., worth $413,864. BUNCH CHARLES E bought $101,070 worth of stock or 1,500 shares.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 14 analysts covering Marathon Petro (NYSE:MPC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Marathon Petro has $97.0 highest and $66.0 lowest target. $84.15’s average target is 4.89% above currents $80.23 stock price. Marathon Petro had 27 analyst reports since November 14, 2017 according to SRatingsIntel. Credit Suisse reinitiated the shares of MPC in report on Wednesday, March 7 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, February 13 by Goldman Sachs. Barclays Capital maintained Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, November 14 with “Overweight” rating. The rating was downgraded by UBS to “Neutral” on Wednesday, November 15. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Friday, April 13 by RBC Capital Markets. Scotia Capital maintained Marathon Petroleum Corporation (NYSE:MPC) rating on Thursday, December 21. Scotia Capital has “Hold” rating and $70.0 target. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets on Friday, April 20. RBC Capital Markets maintained it with “Buy” rating and $85.0 target in Wednesday, December 20 report. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 30. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by Piper Jaffray on Sunday, January 21.

The stock increased 0.56% or $0.45 during the last trading session, reaching $80.23. About 3.27M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since April 26, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on May, 1 before the open. They expect $0.24 earnings per share, up 300.00 % or $0.18 from last year’s $0.06 per share. MPC’s profit will be $113.85M for 83.57 P/E if the $0.24 EPS becomes a reality. After $1.05 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -77.14 % negative EPS growth.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company has market cap of $38.06 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 11.97 P/E ratio. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: