River Road Asset Management LLC Has Upped Marathon Petroleum Corporation (MPC) Holding

May 23, 2018 - By Hannah Black

Marathon Petroleum Corporation (NYSE:MPC) LogoInvestors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 37 investors sold MPC shares while 316 reduced holdings. 118 funds opened positions while 222 raised stakes. 367.91 million shares or 3.23% less from 380.18 million shares in 2017Q3 were reported. Pettyjohn Wood White holds 0.07% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 3,124 shares. Driehaus Management Ltd Liability Com reported 6,861 shares. Eagle Asset Management holds 19,407 shares. First Mercantile Company invested in 0.12% or 9,367 shares. Shikiar Asset Management owns 3.23% invested in Marathon Petroleum Corporation (NYSE:MPC) for 104,780 shares. 559,907 are held by Brandywine Glob Management Limited Liability Corp. Bnp Paribas Asset Mgmt Sa holds 0.01% or 21,498 shares. Nippon Life Glob Americas holds 0.21% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 40,780 shares. 41,575 were reported by Covington Invest. Avalon Advisors Limited Liability Company invested in 0.26% or 127,642 shares. Sta Wealth Limited Liability Corp has invested 0.09% in Marathon Petroleum Corporation (NYSE:MPC). Hm Payson, a Maine-based fund reported 94,614 shares. Boston Private Wealth Limited Liability Com invested in 12,715 shares or 0.03% of the stock. Hutchin Hill Capital Limited Partnership invested in 5,600 shares. Martingale Asset Mngmt LP owns 88,233 shares or 0.08% of their US portfolio.

Since December 12, 2017, it had 1 buying transaction, and 5 selling transactions for $8.42 million activity. Shares for $1.12 million were sold by Palmer C. Michael on Tuesday, December 12. BUNCH CHARLES E bought $101,070 worth of stock or 1,500 shares. Kelley Thomas M. sold $2.31M worth of Marathon Petroleum Corporation (NYSE:MPC) on Thursday, December 14.

River Road Asset Management Llc increased its stake in Marathon Petroleum Corporation (MPC) by 8.25% based on its latest 2017Q4 regulatory filing with the SEC. River Road Asset Management Llc bought 138,294 shares as the company’s stock rose 9.83% while stock markets declined. The institutional investor held 1.82M shares of the integrated oil company at the end of 2017Q4, valued at $119.77M, up from 1.68 million at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Marathon Petroleum Corporation for a number of months, seems to be bullish on the $36.30B market cap company. The stock increased 0.13% or $0.1 during the last trading session, reaching $78.59. About 2.68M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since May 23, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

River Road Asset Management Llc, which manages about $10.26B and $5.27 billion US Long portfolio, decreased its stake in Dolby Laboratories Inc. Class (NYSE:DLB) by 94,670 shares to 135,470 shares, valued at $8.40M in 2017Q4, according to the filing. It also reduced its holding in Valero Energy Corporation (NYSE:VLO) by 351,137 shares in the quarter, leaving it with 439,452 shares, and cut its stake in Te Connectivity Ltd. (NYSE:TEL).

More important recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: 247Wallst.com which released: “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” on April 30, 2018, also Benzinga.com published article titled: “Competing Bid Unlikely In Andeavor-Marathon Merger, Credit Suisse Says In Downgrade”, Seekingalpha.com published: “Reuters: Marathon Petroleum seeking EPA biofuel waiver” on May 23, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) was released by: Bizjournals.com and their article: “Three-person team to oversee Marathon acquisition of Andeavor” with publication date: May 11, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 15 analysts covering Marathon Petro (NYSE:MPC), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Marathon Petro had 30 analyst reports since December 15, 2017 according to SRatingsIntel. As per Friday, April 20, the company rating was maintained by RBC Capital Markets. As per Friday, December 15, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Tuesday, March 13 by Citigroup. RBC Capital Markets maintained Marathon Petroleum Corporation (NYSE:MPC) on Tuesday, January 30 with “Buy” rating. Bank of America maintained the shares of MPC in report on Tuesday, May 1 with “Neutral” rating. Piper Jaffray maintained Marathon Petroleum Corporation (NYSE:MPC) rating on Sunday, January 21. Piper Jaffray has “Buy” rating and $94.0 target. As per Thursday, May 10, the company rating was upgraded by Bank of America. The company was maintained on Thursday, March 15 by Wells Fargo. The rating was maintained by Wells Fargo with “Market Perform” on Tuesday, May 1. The rating was maintained by Jefferies with “Hold” on Tuesday, April 24.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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