Were Analysts Bearish Marathon Petroleum Corporation (NYSE:MPC) This Week?

Marathon Petroleum Corporation (NYSE:MPC) Logo
Investors sentiment decreased to 0.91 in 2019 Q2. Its down 0.34, from 1.25 in 2019Q1. It is negative, as 94 investors sold Marathon Petroleum Corporation shares while 310 reduced holdings. 86 funds opened positions while 281 raised stakes. 470.39 million shares or 4.73% less from 493.72 million shares in 2019Q1 were reported.
Macroview Inv Mngmt Ltd Liability invested in 0.01% or 37 shares. Stanley owns 15,388 shares or 0.21% of their US portfolio. Goldman Sachs Group stated it has 0.08% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Westpac Bk Corporation accumulated 159,246 shares or 0% of the stock. New York-based Miller Howard Invests Inc New York has invested 0.49% in Marathon Petroleum Corporation (NYSE:MPC). Moors And Cabot has 16,273 shares for 0.12% of their portfolio. Freestone Cap Holdg Ltd Liability Corp stated it has 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Jcic Asset Management has invested 0% in Marathon Petroleum Corporation (NYSE:MPC). Scotia Capital reported 0% stake. Dekabank Deutsche Girozentrale stated it has 0.19% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Maple Capital Management Inc reported 66,977 shares stake. Riverpark Mgmt Ltd Limited Liability Company reported 4,969 shares. 4,590 are owned by Sfmg Limited Liability. Hrt Financial Llc reported 0.03% in Marathon Petroleum Corporation (NYSE:MPC). Ohio-based Cleararc Cap has invested 0.16% in Marathon Petroleum Corporation (NYSE:MPC).

Since June 11, 2019, it had 1 buying transaction, and 0 insider sales for $601,750 activity.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 7 analysts covering Marathon Petroleum (NYSE:MPC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Marathon Petroleum has $90 highest and $6200 lowest target. $72.43’s average target is 35.87% above currents $53.31 stock price. Marathon Petroleum had 17 analyst reports since March 19, 2019 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Market Perform” rating by Cowen & Co on Friday, May 10. The rating was maintained by Morgan Stanley with “Overweight” on Friday, May 17. RBC Capital Markets maintained the shares of MPC in report on Thursday, May 9 with “Outperform” rating. Morgan Stanley maintained the stock with “Buy” rating in Tuesday, June 25 report. Wells Fargo maintained the shares of MPC in report on Thursday, May 9 with “Outperform” rating. Raymond James maintained the stock with “Strong Buy” rating in Thursday, May 9 report. The firm has “Overweight” rating given on Monday, April 15 by Morgan Stanley. Raymond James maintained it with “Strong Buy” rating and $7500 target in Friday, August 2 report. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Friday, June 21 by Raymond James. The company was maintained on Tuesday, September 3 by Jefferies. Below is a list of Marathon Petroleum Corporation (NYSE:MPC) latest ratings and price target changes.

10/09/2019 Broker: JP Morgan Rating: Overweight Old Target: $74.0000 New Target: $62.0000 Maintain
03/09/2019 Broker: Jefferies Rating: Buy New Target: $75.0000 Maintain
02/08/2019 Broker: Raymond James Rating: Strong Buy Old Target: $72.0000 New Target: $75.0000 Maintain
25/06/2019 Broker: Morgan Stanley Rating: Buy New Target: $70 Maintain
21/06/2019 Broker: Raymond James Rating: Buy New Target: $72 Maintain
17/05/2019 Broker: Morgan Stanley Rating: Overweight Old Target: $82.0000 New Target: $75.0000 Maintain
14/05/2019 Broker: BidaskScore Rating: Sell Downgrade
10/05/2019 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Old Target: $90.0000 New Target: $65.0000 Downgrade
09/05/2019 Broker: Raymond James Rating: Strong Buy Old Target: $85.0000 New Target: $80.0000 Maintain
09/05/2019 Broker: Wells Fargo Rating: Outperform Old Target: $96.0000 New Target: $90.0000 Maintain

The stock increased 0.22% or $0.12 during the last trading session, reaching $53.31. About 4.75M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has declined 30.81% since September 13, 2018 and is downtrending. It has underperformed by 30.81% the S&P500.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company has market cap of $35.09 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 11.99 P/E ratio. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Finance.Yahoo.com which released: “Marathon Petroleum Corporation (NYSE:MPC): The Best Of Both Worlds – Yahoo Finance” on July 19, 2019, also Finance.Yahoo.com with their article: “Does Marathon Petroleum Corporation’s (NYSE:MPC) Debt Level Pose A Problem? – Yahoo Finance” published on May 30, 2019, Streetinsider.com published: “Elliott Management Enters Marathon Petroleum (MPC) – 13F – StreetInsider.com” on August 14, 2019. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Finance.Yahoo.com and their article: “Stay Away from These Stocks in September – Yahoo Finance” published on August 30, 2019 as well as Seekingalpha.com‘s news article titled: “Trump meets with refining CEOs to seek biofuels concessions – Reuters – Seeking Alpha” with publication date: September 12, 2019.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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