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etvfutures.com January 19, 2018


Marathon Petroleum's (MPC) Hold Rating Reaffirmed at Scotiabank

12 January 2018, 09:28 | Cesar Cruz

Marathon Oil (MRO) Stock Rating Upgraded by Bank of America

Marathon Petroleum Corporation Logo

Conning Inc. now owns 25,062 shares of the company's stock valued at $376,000 after buying an additional 1,650 shares during the last quarter. Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) outnumbered Sell recommendations (0). The stock decreased 0.39% or $0.27 during the last trading session, reaching $69.12. Traders that are constantly buying and selling shares may be more concerned with technical analysis. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.20% since January 10, 2017 and is uptrending. It has outperformed by 29.50% the S&P500.

Sentinel Trust Company Lba decreased its stake in Marathon Oil (MRO) by 11.13% based on its latest 2017Q3 regulatory filing with the SEC. Iridian Asset Management LLC CT now owns 8,327,167 shares of the oil and gas company's stock worth $435,761,000 after purchasing an additional 619,548 shares during the last quarter. Sta Wealth Management Llc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $115.09 billion market cap company. The stock decreased 0.02% or $0.03 during the last trading session, reaching $187.84. About 962,859 shares traded. It has outperformed by 48.03% the S&P500.

When we look at the Analyst Recommendations of the stock, the company has 1.9 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 73% are positive. Icon plc had 30 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of PAYX in report on Friday, August 18 with "Hold" rating. Wells Fargo downgraded the shares of MPC in report on Wednesday, September 6 to "Market Perform" rating. The company was upgraded on Thursday, February 2 by Citigroup. The company was maintained on Tuesday, August 22 by KeyBanc Capital Markets. Sumitomo Life Insurance Company bought 27,655 shares as the company's stock rose 5.52% with the market. Howard Weil upgraded it to "Sector Outperform" rating and $62.0 target in Tuesday, December 15 report. They set a "neutral" rating and a $17.00 price objective on the stock. (NYSE:EME) has "Hold" rating given on Thursday, October 5 by KeyBanc Capital Markets. The stock of Marathon Petroleum Corporation (NYSE:MPC) has "Overweight" rating given on Tuesday, October 10 by Barclays Capital.

Marathon Petroleum Corporation (MPC) surprised the stock market in its last reported earnings when it earned $1.77 a piece versus the consensus-estimated $1.48. MPC's profit will be $507.95 million for 16.62 P/E if the $1.04 EPS becomes a reality. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.29. The institutional investor held 249,285 shares of the major banks company at the end of 2017Q3, valued at $13.22M, down from 255,150 at the end of the previous reported quarter.

Perhaps, that suggests something about why 0.51% of the outstanding share supply is held by institutional investors. Its up 0.22, from 1.12 in 2017Q2. It is negative, as 57 investors sold PAYX shares while 263 reduced holdings. 118 funds opened positions while 525 raised stakes. State of Tennessee Treasury Department now owns 287,482 shares of the oil and gas producer's stock valued at $3,407,000 after buying an additional 950 shares during the period. 60 were reported by Winfield Associates.

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Marathon Petroleum Corporation (MPC) closed 24.91% above its 200-day moving average and is 9.43% above another chart threshold, its 50-day moving average. City Holdg holds 13,469 shares. Covington Incorporated reported 41,575 shares. About 10.36M shares traded. (NYSE:AIG) stake by 255,900 shares and now owns 868,600 shares. Seatown Hldg Pte Limited accumulated 7,600 shares. Bb&T Ltd Liability Corp holds 80,257 shares or 0.06% of its portfolio. Los Angeles Capital Mgmt And Equity Rech Inc reported 110,821 shares. Bremer Tru Natl Association reported 39,397 shares. Twin Capital Mngmt stated it has 0.19% in Celanese Corporation (NYSE:CE). One Trading Limited Partnership reported 3,891 shares. Manning And Napier Advisors Ltd Llc holds 0.05% or 96,584 shares. 180 were accumulated by Peoples Financial Ser. 15,431 are held by Qci Asset Management New York.

Investors sentiment increased to 1.34 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. 12 funds opened positions while 26 raised stakes. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. First Trust accumulated 12,269 shares or 0.08% of the stock. One National Association reported 0.07% of its portfolio in Paychex, Inc. 42,238 are held by Bedrijfstakpensioenfonds Voor De Media Pno. Lee Danner & Bass Inc owns 58,368 shares. Manning Napier Advsr Limited has 96,584 shares. It also increased its holding in Lennar Corp by 19,821 shares in the quarter, for a total of 646,561 shares, and has risen its stake in Hrg Group Inc (NYSE:HRG). 10,444 were reported by Gsa Cap Partners Ltd Liability Partnership.

Snow Capital Management Lp, which manages about $3.43 billion and $2.07B US Long portfolio, decreased its stake in American Equity Investment Lif (NYSE:AEL) by 159,936 shares to 2.28M shares, valued at $66.20M in 2017Q3, according to the filing. Ativo Cap Mgmt Limited Liability Company stated it has 16,421 shares. Exxonmobil Inv Tx owns 92,449 shares. Nomura holds 0.02% of its portfolio in Medtronic plc (NYSE:MDT) for 122,343 shares. Kistler holds 828 shares or 0% of its portfolio. Advsrs Asset invested in 298,590 shares or 0.3% of the stock. Intrust Fincl Bank Na invested in 10,300 shares.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on February, 7. It also increased its holding in Ishares Tr Dj Us Real Est (IYR) by 8,077 shares in the quarter, for a total of 131,853 shares, and has risen its stake in Prudential Financial Inc (NYSE:PRU).



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