Analysts See $1.21 EPS for Marathon Petroleum Corp (MPC)

October 13, 2017 - By Marry Poplack

 Analysts See $1.21 EPS for Marathon Petroleum Corp (MPC)
Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It turned negative, 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.
Cap Innovations Limited Liability Company stated it has 7,700 shares. Hermes Inv Mgmt has 624,205 shares. Monroe Fincl Bank And Tru Mi holds 0.08% or 4,424 shares. Bankshares Of America De has invested 0.03% in Marathon Petroleum Corp (NYSE:MPC). Mufg Americas Corporation stated it has 0.04% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Numeric Limited Liability Co owns 0.03% invested in Marathon Petroleum Corp (NYSE:MPC) for 54,500 shares. 145,751 were accumulated by Texas Permanent School Fund. Usca Ria Limited Liability invested in 99,659 shares. Prudential Public Ltd owns 8,802 shares. 146,855 are held by Trillium Asset Mngmt Ltd Llc. 1.05M are held by Guggenheim Capital Ltd Liability. Massachusetts-based Research And has invested 0.01% in Marathon Petroleum Corp (NYSE:MPC). Airain invested in 0.35% or 152,088 shares. Gsa Cap Prtn Limited Liability Partnership, a United Kingdom-based fund reported 11,397 shares. Los Angeles Equity Research Incorporated invested in 0.06% or 187,434 shares.

Since May 18, 2017, it had 0 insider buys, and 3 insider sales for $1.81 million activity. Palmer C. Michael sold $237,696 worth of stock or 4,568 shares.

Investors wait Marathon Petroleum Corp (NYSE:MPC) to report on October, 26. its quarterly earnings Wall Street analysts expect $1.21 earnings per share, up $0.63 or 108.62 % from last year’s $0.58 same quarter earnings. This translates into $612.17M profit for MPC giving the stock a 11.68 P/E. This is assuming the current $1.21 EPS is accurate. Marathon Petroleum Corp’s Wall Street analysts see 17.48 % EPS growth, taking into account the $1.03 EPS reproted in the previous quarter, 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. The rating was maintained by Barclays Capital on Tuesday, October 10 with “Overweight”. UBS initiated the shares of MPC in report on Thursday, May 19 with “Sell” rating. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, October 7 report. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Overweight” rating given on Thursday, May 25 by PiperJaffray. Piper Jaffray maintained Marathon Petroleum Corp (NYSE:MPC) rating on Monday, August 22. Piper Jaffray has “Neutral” rating and $41 target. RBC Capital Markets maintained the shares of MPC in report on Friday, April 29 with “Top Pick” rating. The firm has “Overweight” rating given on Wednesday, December 7 by JP Morgan. The firm earned “Market Perform” rating on Wednesday, September 6 by Wells Fargo. The firm has “Buy” rating given on Thursday, August 31 by RBC Capital Markets. The company was maintained on Friday, December 4 by Deutsche Bank.

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: which released: “Surging Earnings Estimates Signal Good News for Marathon Petroleum (MPC)” on September 22, 2017, also with their article: “Marathon Petroleum Corp. to announce 2017 third-quarter financial results Oct. 26” published on October 05, 2017, published: “Moody’s changes Marathon Petroleum’s outlook to stable” on September 15, 2017. More interesting news about Marathon Petroleum Corp (NYSE:MPC) were released by: and their article: “Why Marathon Petroleum Loves Sour Oil” published on September 15, 2017 as well as‘s news article titled: “Marcellus And Utica Boom Music To MPLX LP’s Ears” with publication date: September 19, 2017.

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