Marathon Petroleum Corp (MPC) Shares Rose While Iridian Asset Management LLC Decreased Its Stake by $59.42 Million

April 16, 2018 - By Jack Shaw

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 rose stakes while 118 funds took stakes. Funds hold 367.91 million shares thus 3.23% less from 2017Q3’s 380.18 million shares. Cadence Cap Mgmt Llc has invested 0.36% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Leavell Investment has 0.18% invested in Marathon Petroleum Corporation (NYSE:MPC). New Mexico Educational Retirement Board accumulated 0.12% or 48,670 shs. Tiverton Asset invested 0.02% in Marathon Petroleum Corporation (NYSE:MPC). Suvretta Management Lc reported 0.34% of its capital in Marathon Petroleum Corporation (NYSE:MPC). 2,447 are owned by Tarbox Family Office. Gam Hldg Ag has 0.01% invested in Marathon Petroleum Corporation (NYSE:MPC). Lombard Odier Asset Management (Europe) Limited stated it has 0.03% in Marathon Petroleum Corporation (NYSE:MPC). Bokf Na owns 44,338 shs. Valley National Advisers Incorporated accumulated 0% or 175 shs. Chevy Chase stated it has 0.12% in Marathon Petroleum Corporation (NYSE:MPC). First Eagle Invest Management Limited Liability Corporation, New York-based fund reported 1.06 million shs. Blackrock reported 43.97 million shs stake. Tph Asset Mgmt Ltd Liability Co has 41,848 shs for 0.27% of their capital. Renaissance Technologies Llc stated it has 2.00M shs or 0.15% of all its holdings.

MPC had 5 sales and 1 buy since December 12, 2017. This’s net activity of $8.42 million. On Thursday, December 14 6,374 shs were sold by Nichols Rodney P., worth $413,864. 1,500 Marathon Petroleum Corporation (NYSE:MPC) shs with value of $101,070 were bought by BUNCH CHARLES E. $3.29 million worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Palmer C. Michael.

David Cohen decreased its holdings by 11.41% in Marathon Petroleum Corp (MPC), according to 2017Q4 Securities and Exchange form. 914,133 shares were sold by Iridian Asset Management Llc as the company’s stock rose 9.83% while stock markets declined. The hedge fund run by David Cohen is holding 7.10M shares, compared to the 8.01 million from the previous quarter. And the reported value of the integrated oil company is $468.41M for the 2017Q4. Marathon Petroleum Corp has $36.61B market cap. MPC reached $77.18 on during the last trading session after $2.59 change.Currently Marathon Petroleum Corporation is uptrending after 49.25% change in last April 16, 2017. MPC has 2.30 million shares volume. The stock outperformed the S&P500 by 37.70%.

The Iridian Asset Management Llc’s stake in Wyndham Worldwide Corp (NYSE:WYN) was increased by 211,886 shares to 2.40 million shares valued at $278.14 million in 2017Q4, according to the filing. It operates about $11.52B and $11.89B US Long portfolio. For a total of 1.88M shares it increased its holding in Autodesk Inc (NASDAQ:ADSK) by 68,904 shares in the quarter, and has risen its stake in Flex Ltd (NASDAQ:FLEX).

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on April, 26. They expect $0.64 earnings per share, up 966.67 % or $0.58 from last year’s $0.06 per share. MPC’s profit will be $303.61M for 30.15 P/E if the $0.64 EPS becomes a reality. After $1.05 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -39.05 % negative EPS growth.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

In total 13 analysts cover Marathon Petro (NYSE:MPC). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. 69% are bullish. 27 are the (NYSE:MPC)’s analyst reports since October 17, 2017 according to StockzIntelligence Inc. On Wednesday, January 10 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Hold” rating by Scotia Capital. On Wednesday, March 7 the company was reinitiated by Credit Suisse. On Friday, December 15 the firm has “Buy” rating by Cowen & Co given. On Wednesday, November 15 the firm has “Neutral” rating by UBS given. On Tuesday, November 14 Barclays Capital maintained the shares of MPC in report with “Overweight” rating. In Friday, April 13 report RBC Capital Markets maintained the stock with “Buy” rating. On Tuesday, January 30 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets. In Tuesday, October 17 report Cowen & Co maintained the stock with “Buy” rating. In Monday, February 5 report Wells Fargo downgraded the stock to “Sell” rating. On Wednesday, October 18 the stock has “Buy” rating by Citigroup.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors 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.