Loews Corp Decreased Its Marathon Petroleum Corp (MPC) Stake as Shares Rose

May 16, 2018 - By Michele Cranor

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 is positive. 222 rose positions while 118 funds amassed positions. Funds hold 367.91 million shares thus 3.23% less from 2017Q3’s 380.18 million shares. Shell Asset Mngmt Co holds 0.04% or 32,828 shs. Warren Averett Asset Ltd Limited Liability Company has invested 0.12% in Marathon Petroleum Corporation (NYSE:MPC). Winch Advisory Services Lc reported 279 shs. 5,808 are held by Linscomb & Williams. Cap Advisors Ltd has invested 0% in Marathon Petroleum Corporation (NYSE:MPC). Geode Capital Ltd holds 0.13% or 5.87M shs. Art Advisors Ltd Limited Liability Company holds 0.33% or 113,900 shs in its capital. Foundation Resource accumulated 5,944 shs. Van Eck Associates Corporation reported 10,371 shs. Huntington Natl Bank owns 128,566 shs for 0.14% of their capital. 26,233 are held by Profund Advsrs Lc. Community Bank & Trust Na owns 0% invested in Marathon Petroleum Corporation (NYSE:MPC) for 344 shs. Goodwin Daniel L holds 47,600 shs. First Interstate Bancorp, a Montana-based fund reported 2,582 shs. Ameriprise Fincl invested 0.1% of its capital in Marathon Petroleum Corporation (NYSE:MPC).

MPC had 5 selling transactions and 1 insider buy since December 12, 2017. This’s net activity of $8.42 million. On Tuesday, December 12 Palmer C. Michael had sold 17,298 shs worth $1.12M. $2.31 million worth of Marathon Petroleum Corporation (NYSE:MPC) shs were sold by Kelley Thomas M.. On Tuesday, March 6 $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) was bought by BUNCH CHARLES E.

Based on the latest 2017Q4 regulatory filing with the SEC, Loews Corp decreased its stake in Marathon Petroleum Corp (MPC) by 19.55%. By selling 58,650 shares Loews Corp made the stock popped up with 9.83%. The integrated oil company announced $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 MC. MPC hit $76.25 during the last trading session after $1.04 change.Currently Marathon Petroleum Corporation is uptrending after 49.25% change in last May 16, 2017. MPC has also 2.11 million shares volume. The stock outperformed the S&P500 by 37.70%.

Loews Corp rose its stake in Hca Healthcare Inc (NYSE:HCA) by 50,000 shares to 200,000 shares, valued at $17.57 million in 2017Q4, according to the filing. It operates about $16.53B US Long portfolio. Loews Corp has risen its stake in Dowdupont Inc and also increased its holding in Hewlett Packard Enterprise by 321,766 shares in the quarter, for a total of 636,598 shares.

Investors expect Marathon Petroleum Corporation (NYSE:MPC)’s quarterly earnings on July, 26., according to Faxor. Analysts predict $1.65 EPS. That’s $0.62 up or 60.19 % from 2017’s earnings of $1.03. In case of $1.65 EPS MPC’s profit could be $762.09 million. Wall Street now predicts 1,962.50 % EPS growth despite Marathon Petroleum Corporation last quarter’s EPS of $0.08.

For more Marathon Petroleum Corporation (NYSE:MPC) news published briefly go to: Globenewswire.com, 247Wallst.com, Streetinsider.com, Bizjournals.com or Benzinga.com. The titles are as follows: “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” published on May 16, 2018, “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” on April 30, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with a publish date: May 15, 2018, “Three-person team to oversee Marathon acquisition of Andeavor” and the last “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” with publication date: May 08, 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 Monday, April 9 the rating was maintained by JP Morgan with “Overweight”. On Friday, April 20 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given by RBC Capital Markets. On Thursday, March 15 the rating was maintained by Wells Fargo with “Hold”. The stock rating was maintained by Cowen & Co with “Buy” on Friday, December 15. On Tuesday, March 13 the stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given by Citigroup. On Tuesday, March 13 JP Morgan maintained the shares of MPC in report with “Overweight” rating. On Tuesday, April 24 the stock has “Hold” rating by Jefferies. On Sunday, January 21 the rating was maintained by Piper Jaffray with “Buy”. On Wednesday, December 20 the stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets. On Wednesday, January 10 the company was maintained by Scotia Capital.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Investors Chart

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