Will Today’s Scotia Howard Weil Upgrade Ultimately Help The Stock Price of Marathon Petroleum (NYSE:MPC)?


Marathon Petroleum (NYSE:MPC) Stock Upgrade

The rating of Marathon Petroleum (NYSE:MPC) shares have been upgraded by research professionals at Scotia Howard Weil from their previous Sector Perform rating to a solid Sector Outperform via analysts note revealed to clients and investors on Tuesday morning. Scotia Howard Weil presently has a $62.0 target price per share shares and their target price per share may imply a possible upside of 29.19%.

From a total of 15 analysts covering Marathon Petroleum Corp (NYSE:MPC) stock, 15 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $85 while the lowest target price is $58. The mean of all analyst targets is $68.67 with a 38.32% above today’s ($47.99) stock price. Marathon Petroleum Corp was the topic of 15 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 4 with “Overweight” rating. Oppenheimer maintained MPC stock in a recent report from November 25 with “Outperform” rating. Finally, Vetr upgraded the stock to “Buy” rating in a report issued on an August 24.

The stock decreased 3.28% or $1.63 during the last trading session, striking $47.99. Approximately shares of stock traded hands. Marathon Petroleum Corp (NYSE:MPC) has declined 52.64% since May 12, 2015 and is downtrending. It has underperformed by 48.96% the S&P500.

The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 0.23, from 1.17 in 2015Q2. The ratio turned negative, as 79 institutions have sold all the shares of Marathon Petroleum Corp that they owned while 286 funds have taken shares off the table. 59 funds have purchased shares for the first time while 283 added to their positions. These institutions now hold 396.48 million shares or 53.90% less than the 860.06 million shares they owned in 2015Q2.

The Fund Blackthorn Investment Group Llc currently is holding shares equating to 5.18% of its total portfolio in Marathon Petroleum Corp representing a total of 30,000 shares. Another fund,Key Group Holdings (Cayman) Ltd., is holding a total of 1.49 million shares equating to 5.02% of their holdings. Additionally, Pennant Capital Management Llc has a 4.24 million share stake in Marathon Petroleum Corp which represents 4.15% of their total portfolio. The Fund, National Investment Services Inc Wi, based out of Wisconsin, has also built up a stake in the stock, which represents a total of 3.83% of their total portfolio. Finally Financial Engines Advisors L.L.C., a fund which is based in the state of California reported a total holdings of 115,426 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of Marathon Petroleum Corp have witnessed 1 buying transaction, and a total of 0 insider sales equating to a net activity of approximately $18,858 . Quaid John J bought 400 shares worth approximately $18,858. Beall Pamela K.M. sold 26,673 shares worth approximately $2.75M. Heminger Gary R. sold 36,659 shares worth approximately $3.82 million. Shaffner George P. sold 25,561 shares worth approximately $2.57M. The company insider Davis Steven A bought 3,500 shares worth $338,568.

Marathon Petroleum Corporation is engaged petroleum product refining, marketing, retail and transportation businesses. The company has a market cap of $26.45 billion.

According to Zacks Investment Research, “Marathon Petroleum Corporation is engaged in refining, transporting, and marketing of petroleum products. Marathon Petroleum Corporation is headquartered in Findlay, Ohio.”