Marathon Petroleum Corporation (MPC) loses confidence of 50 hedge fund managers

Marathon Petroleum Corporation (NYSE:MPC) is on recovery track with 62.24% gain from a 1-year low price of $47.78. The company added 3.93% to attain the price of $77.52 on 04/16/2018. Throughout the recent session, the prices were hovering between $74.78 and $77.92. These shares are 6.05% off its target price of $82.21 and the current market capitalization stands at $36.61B. The recent change has given its price a 12.29% lead over SMA 50 and 3.36% lead over its 52-week high. The stock witnessed 12.95% gains, 8.54% gains and 37.08% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MPC’s volatility during a week at 2.08% and during a month it has been found around 2.55%.

Marathon Petroleum Corporation (MPC) Top Holders

Institutional investors currently hold around $28.73 billion or 83.1% in MPC stock. Look at its top three institutional owners. Blackrock Inc. owns $3.28 billion in Marathon Petroleum Corporation, which represents roughly 8.96% of the company’s market cap and approximately 11.42% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 38,354,150 shares of the stock are valued at $2.86 billion. The third largest holder is State Street Corp, which currently holds $1.94 billion worth of this stock and that ownership represents nearly 5.29% of its market capitalization.

Marathon Petroleum Corporation 13F Filings

At the end of 12/31/2017 reporting period, 468 institutional holders increased their position in Marathon Petroleum Corporation (NYSE:MPC) by some 34,487,085 shares, 436 decreased positions by 49,535,865 and 133 held positions by 301,110,752. That puts total institutional holdings at 385,133,702 shares, according to SEC filings. The stock grabbed 169 new institutional investments totaling 6,333,041 shares while 50 institutional investors sold out their entire positions totaling 20,690,087 shares.

Marathon Petroleum Corporation (NYSE:MPC) Insider Trades

Multiple company employees have indulged in significant insider trading. Marathon Petroleum Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. Vice President, Marketing Kelley Thomas M. has sold 20,000 shares of Marathon Petroleum Corporation (MPC) in trading session dated Mar. 13, 2018. These shares are worth $1,395,400 and were traded at $69.77 each. The SEC filing shows that Bunch Charles E performed a purchase of 1,500 shares. The Director added these shares by way of transaction on Mar. 06, 2018. The company’s shares were assimilated at $67.38 per share worth to an investment of some $101,070 on account of Bunch Charles E.

Chairman, CEO, Heminger Gary R., sold 55,178 common shares of Marathon Petroleum Corporation (MPC) in the open market. In a transaction dated Feb. 26, 2018, the shares were put up for sale at an average price of $66.47, raking in a sum of $3,667,682. After this sale, 575,683 common shares of MPC are directly owned by the insider, with total stake valued at $44,626,946.

In the transaction dated Dec. 14, 2017, the great number of shares disposed came courtesy the Sr. VP, Supply Distrib. & Plan; Palmer C. Michael disposed a total of 50,746 shares at an average price of $64.78, amounting to approximately $3,287,326. The insider now directly owns 63,952 shares worth $4,957,559.

Marathon Petroleum Corporation (MPC) Analyst Guide

Several analysts have released their opinion on Marathon Petroleum Corporation (NYSE:MPC), with 9 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.61 average brokerage recommendation.