Acropolis Investment Management LLC Trimmed Holding in Marathon Pete Corp (MPC) by $3.37 Million as Share Price Rose

March 16, 2018 - By Dolores Ford

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.14, from 1.05 in 2017Q2. It is negative, as 52 investors sold MPC shares while 292 reduced holdings. 85 funds opened positions while 227 raised stakes. 380.18 million shares or 0.85% less from 383.45 million shares in 2017Q2 were reported. National Pension Serv reported 519,207 shares. Royal Bancorp Of Canada stated it has 0.02% in Marathon Petroleum Corporation (NYSE:MPC). 5,616 were reported by Kings Point Cap Mgmt. Peoples Financial Serv Corp owns 2,768 shares. Stock Yards Bank & Trust Tru Co holds 0.11% in Marathon Petroleum Corporation (NYSE:MPC) or 16,742 shares. Linscomb Williams Inc holds 5,808 shares. Riverpark Advsrs Ltd Liability Com invested 0.48% in Marathon Petroleum Corporation (NYSE:MPC). Calamos Ltd Company stated it has 283,712 shares or 0.12% of all its holdings. Strs Ohio holds 0.24% in Marathon Petroleum Corporation (NYSE:MPC) or 1.01M shares. Arrow Corporation owns 100 shares for 0% of their portfolio. Samlyn Cap Ltd Liability Com stated it has 308,467 shares. Tompkins Finance Corporation invested in 700 shares or 0.01% of the stock. 9,996 were accumulated by Cwm Lc. Interocean Lc invested in 19,101 shares or 0.16% of the stock. Mitsubishi Ufj Tru And Bk holds 0.11% or 1.09 million shares.

Since December 12, 2017, it had 1 buying transaction, and 4 selling transactions for $7.02 million activity. Palmer C. Michael sold $3.29 million worth of Marathon Petroleum Corporation (NYSE:MPC) on Thursday, December 14. 35,604 shares were sold by Kelley Thomas M., worth $2.31 million on Thursday, December 14. Nichols Rodney P. also sold $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) shares.

Acropolis Investment Management Llc decreased its stake in Marathon Pete Corp (MPC) by 66.26% based on its latest 2017Q3 regulatory filing with the SEC. Acropolis Investment Management Llc sold 28,063 shares as the company’s stock rose 5.52% with the market. The institutional investor held 14,287 shares of the integrated oil company at the end of 2017Q3, valued at $1.72 million, down from 42,350 at the end of the previous reported quarter. Acropolis Investment Management Llc who had been investing in Marathon Pete Corp for a number of months, seems to be less bullish one the $32.89B market cap company. The stock increased 1.01% or $0.69 during the last trading session, reaching $69.32. About 1.10M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since March 16, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

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 $303.61 million for 27.08 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

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Marathon Petroleum Corp had 79 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 4 by RBC Capital Markets. The company was maintained on Friday, December 4 by Barclays Capital. Citigroup maintained it with “Buy” rating and $80 target in Tuesday, March 13 report. The company was upgraded on Tuesday, January 5 by Bank of America. The company was maintained on Thursday, July 27 by Cowen & Co. Wells Fargo downgraded the shares of MPC in report on Monday, February 5 to “Sell” rating. On Wednesday, March 7 the stock rating was reinitiated by Credit Suisse with “Outperform”. The company was initiated on Tuesday, August 23 by Jefferies. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Buy” rating by RBC Capital Markets on Thursday, June 1. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Wednesday, October 18 by Citigroup.

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