Marathon Petroleum Corp (MPC) Analysts See $1.21 EPS

October 13, 2017 - By Henry Gaston

 Marathon Petroleum Corp (MPC) Analysts See $1.21 EPS
Investors sentiment decreased to 1.05 in 2017 Q2. 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.
Wells Fargo & Company Mn has 2.03M shares for 0.03% of their portfolio. Perella Weinberg Prns Cap Mngmt L P holds 18,288 shares. Manufacturers Life Ins Co The reported 583,754 shares. Hanson Doremus Investment reported 0.04% in Marathon Petroleum Corp (NYSE:MPC). Adams Diversified Equity Fund holds 0.37% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 125,200 shares. Dimensional Fund Advsrs Limited Partnership invested in 0.15% or 6.07M shares. Old Retail Bank In invested 0.07% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Nationwide Fund Advsr has 289,513 shares for 0.06% of their portfolio. 65,100 are owned by Riverpark Advsrs Limited Company. Oppenheimer Asset Mgmt holds 30,417 shares or 0.04% of its portfolio. Moreover, Tiedemann Wealth Management Limited Liability Company has 0.07% invested in Marathon Petroleum Corp (NYSE:MPC). Globeflex Cap Ltd Partnership, California-based fund reported 8,586 shares. Montag A & Associates Incorporated has invested 0.05% in Marathon Petroleum Corp (NYSE:MPC). Bb&T Secs Lc invested in 0.07% or 87,623 shares. Camelot Portfolios Ltd Liability Corp invested in 1.08% or 41,643 shares.

Since May 18, 2017, it had 0 buys, and 3 sales for $1.81 million activity. Shares for $1.36 million were sold by Kelley Thomas M. on Wednesday, June 14.

Analysts expect Marathon Petroleum Corp (NYSE:MPC) to report $1.21 EPS on October, 26.They anticipate $0.63 EPS change or 108.62 % from last quarter’s $0.58 EPS. MPC’s profit would be $612.17M giving it 11.68 P/E if the $1.21 EPS is correct. After having $1.03 EPS previously, Marathon Petroleum Corp’s analysts see 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. Bank of America downgraded the stock to “Neutral” rating in Monday, August 24 report. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, October 7 report. The firm has “Buy” rating given on Thursday, July 13 by Credit Suisse. The company was downgraded on Friday, February 5 by JP Morgan. The stock has “Outperform” rating by Cowen & Co on Friday, February 12. The firm has “Overweight” rating given on Wednesday, December 7 by JP Morgan. The firm earned “Buy” rating on Thursday, February 2 by UBS. The company was upgraded on Monday, August 17 by Vetr. On Friday, December 4 the stock rating was maintained by Deutsche Bank with “Buy”. Zacks downgraded the shares of MPC in report on Monday, August 10 to “Buy” rating.

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 Moodys.com with their article: “Moody’s changes Marathon Petroleum’s outlook to stable” 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: Seekingalpha.com and their article: “Marcellus And Utica Boom Music To MPLX LP’s Ears” published on September 19, 2017 as well as Seekingalpha.com‘s news article titled: “Why Marathon Petroleum Loves Sour Oil” with publication date: September 15, 2017.

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