Marthon Pete Corp (MPC) Holder Swift Run Capital Management LLC Has Cut Its Holding by $3.77 Million as Stock Value Rose

July 14, 2018 - By Adrian Erickson

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment decreased to 0.9 in Q1 2018. Its down 0.06, from 0.96 in 2017Q4. It dropped, as 52 investors sold MPC shares while 322 reduced holdings. 98 funds opened positions while 239 raised stakes. 354.13 million shares or 3.74% less from 367.91 million shares in 2017Q4 were reported. Hartford Mngmt Com reported 0.15% in Marathon Petroleum Corporation (NYSE:MPC). California State Teachers Retirement System reported 874,386 shares or 0.14% of all its holdings. Moreover, Segment Wealth Mgmt Ltd Liability Com has 0.16% invested in Marathon Petroleum Corporation (NYSE:MPC) for 8,811 shares. Paradigm Asset Mngmt holds 0% in Marathon Petroleum Corporation (NYSE:MPC) or 47,650 shares. Metropolitan Life reported 74,229 shares or 0% of all its holdings. Bluemountain Cap Lc holds 34,368 shares. 137,971 were accumulated by Oregon Public Employees Retirement Fund. Arosa Cap Lp holds 0.7% or 68,970 shares in its portfolio. Profund Advsrs Ltd Liability Company has invested 0.06% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Norinchukin Financial Bank The, Japan-based fund reported 44,947 shares. Cetera Advsrs Ltd Liability Corporation has invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Marathon Capital Mgmt reported 0.17% in Marathon Petroleum Corporation (NYSE:MPC). Andra Ap reported 135,100 shares. River Road Asset Mgmt Lc has invested 2.49% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Hbk Sorce Advisory Ltd Llc holds 0.03% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 3,704 shares.

Since March 6, 2018, it had 1 buy, and 2 sales for $3.27 million activity. $101,070 worth of stock was bought by BUNCH CHARLES E on Tuesday, March 6.

Tim Mullen decreased its stake in Marthon Pete Corp (MPC) by 17.72% based on its latest 2018Q1 regulatory filing with the SEC. Swift Run Capital Management Llc sold 51,645 shares as the company’s stock rose 16.16% while stock markets declined. The hedge fund run by Tim Mullen held 239,742 shares of the integrated oil company at the end of 2018Q1, valued at $17.53 million, down from 291,387 at the end of the previous reported quarter. Swift Run Capital Management Llc who had been investing in Marthon Pete Corp for a number of months, seems to be less bullish one the $33.14 billion market cap company. The stock increased 1.74% or $1.23 during the last trading session, reaching $71.74. About 4.89 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 46.81% since July 14, 2017 and is uptrending. It has outperformed by 34.24% the S&P500.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on July, 26. They expect $1.76 earnings per share, up 70.87 % or $0.73 from last year’s $1.03 per share. MPC’s profit will be $812.90 million for 10.19 P/E if the $1.76 EPS becomes a reality. After $0.08 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts 2,100.00 % EPS growth.

Another recent and important Marathon Petroleum Corporation (NYSE:MPC) news was published by Fool.com which published an article titled: “Why HollyFrontier Corporation (HFC) Dropped 11.3% in June” on July 13, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 14 analysts covering Marathon Petro (NYSE:MPC), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Marathon Petro has $95 highest and $66.0 lowest target. $84.54’s average target is 17.84% above currents $71.74 stock price. Marathon Petro had 25 analyst reports since January 21, 2018 according to SRatingsIntel. Morgan Stanley maintained Marathon Petroleum Corporation (NYSE:MPC) rating on Monday, April 16. Morgan Stanley has “Overweight” rating and $95 target. The stock has “Overweight” rating by JP Morgan on Tuesday, March 13. Jefferies maintained the stock with “Hold” rating in Tuesday, April 24 report. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, May 1. Piper Jaffray maintained Marathon Petroleum Corporation (NYSE:MPC) on Sunday, January 21 with “Buy” rating. On Monday, February 5 the stock rating was downgraded by Wells Fargo to “Sell”. The stock has “Hold” rating by Wells Fargo on Thursday, March 15. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Hold” rating given on Monday, February 5 by Jefferies. The firm has “Neutral” rating given on Tuesday, May 1 by Bank of America. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 13.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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