Loews Corp Stake in Marathon Petroleum Corp (MPC) Decreased by $3.81 Million; Shares Rose

May 16, 2018 - By Alma Kearns

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 increased holdings while 118 funds amassed holdings. Funds hold 367.91 million shares thus 3.23% less from 2017Q3’s 380.18 million shares. Brown Advisory owns 23,361 shs. 261,648 were reported by Reaves W H. Capital One Natl Association stated it has 11,392 shs. Shikiar Asset Management Inc invested 3.23% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Pitcairn has 0.09% invested in Marathon Petroleum Corporation (NYSE:MPC). Cornerstone Management Ltd Limited Liability Company reported 830,071 shs. Acropolis Management Ltd Llc reported 0.29% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Charter Trust has invested 0.11% in Marathon Petroleum Corporation (NYSE:MPC). Cypress Asset Mgmt Tx accumulated 3,429 shs. Sigma Planning stated it has 0.02% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Old Point Tru & Services N A, a Virginia-based fund reported 6,607 shs. Massachusetts Services Ma holds 0.01% or 301,547 shs in its capital. Lpl Financial Limited Liability Corp has invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Boston Prtnrs holds 0.7% or 8.98M shs. Massachusetts-based Cadence Capital Lc has invested 0.36% in Marathon Petroleum Corporation (NYSE:MPC).

MPC registered $8.42 million net activity with 1 buy and 5 selling transactions since December 12, 2017. $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Nichols Rodney P.. On Tuesday, December 12 Shares for $1.12 million were sold by Palmer C. Michael. $1.40M worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Kelley Thomas M..

Based on the latest 2017Q4 regulatory filing with the SEC, Loews Corp reduced its holdings in Marathon Petroleum Corp (MPC) by 19.55%. The company’s stock popped up 9.83% while Loews Corp sold 58,650 shares. The integrated oil company reported $15.92 million value for the 2017Q4. Now the institutional investor is holding 241,350 shares, compared to the 300,000 from the previous quarter. $35.22B is Marathon Petroleum Corp’s market cap. Ticker’s shares touched $76.25 during the last trading session after 1.35% change.Currently Marathon Petroleum Corporation is uptrending after 49.25% change in last May 16, 2017. MPC has also 2.11M shares volume. The stock outperformed the S&P 500 by 37.70%.

About $16.53B US Long portfolio Loews Corp manages. It rose its stake in Bank Of America Corp (NYSE:BAC) by 150,000 shares to 163,448 shares, valued at $4.83 million in 2017Q4, according to the filing. For a total of 636,598 shares it increased its holding in Hewlett Packard Enterprise by 321,766 shares in the quarter, and has risen its stake in Ssr Mining Inc.

Marathon Petroleum Corporation (NYSE:MPC)’s earnings report is expected on July, 26., RTT reports. Last year’s EPS was $1.03, while now analysts expect change of 60.19 % up from current $1.65 EPS. In case of $1.65 EPS MPC’s profit could reach $762.09 million. After $0.08 EPS was announced previous quarter, analysts now see EPS growth of 1,962.50 % for Marathon Petroleum Corporation.

For more Marathon Petroleum Corporation (NYSE:MPC) news released recently go to: Seekingalpha.com, Globenewswire.com, Benzinga.com, Streetinsider.com or 247Wallst.com. The titles are as follows: “Marathon’s Historic Move Is Great For Andeavor’s Investors” released on May 03, 2018, “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” on May 16, 2018, “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” with a publish date: May 08, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” and the last “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” with publication date: April 30, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

A total of 14 analysts rate Marathon Petro (NYSE:MPC) as follows: 12 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 86% are bullish. (NYSE:MPC) has 29 ratings reports on May 16, 2018 according to StockzIntelligence. On Tuesday, February 13 the firm has “Buy” rating by Goldman Sachs given. On Friday, April 13 the firm has “Buy” rating given by RBC Capital Markets. On Thursday, May 3 the rating was upgraded by Jefferies to “Buy”. On Monday, March 19 Deutsche Bank maintained Marathon Petroleum Corporation (NYSE:MPC) with “Buy” rating. On Tuesday, May 1 RBC Capital Markets downgraded the shares of MPC in report to “Outperform” rating. On Monday, April 9 the firm earned “Hold” rating by Scotia Capital. In Monday, April 16 report Morgan Stanley maintained the stock with “Overweight” rating. In Tuesday, March 13 report Citigroup maintained the stock with “Buy” rating. On Thursday, February 1 the firm earned “Buy” rating by Cowen & Co. On Monday, February 5 Wells Fargo downgraded Marathon Petroleum Corporation (NYSE:MPC) to “Sell” rating.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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