Economy

Time To Sell Marathon Petro (NYSE:MPC)? Goldman Sachs Downgrades Shares Today

Time To Sell Marathon Petro (NYSE:MPC)? Goldman Sachs Downgrades Shares Today

Marathon Oil Corporation operates as an energy company. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Jefferies Group LLC restated a "buy" rating and issued a $22.00 target price on shares of Marathon Oil in a research report on Friday, March 31st. It has outperformed by 29.50% the S&P500.

According to Marathon Oil Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 81.47%. The broad Biotechnology industry has an average P/S ratio of 3.89, which represents discount over the sector's 5.42. Lowes Cos now has $70.00 billion valuation. The share price was last seen 0.61% higher, reaching at $14.84 on 11/30/2017. Lsv Asset Mngmt reported 3.35 million shares. Steward Partners Investment Advisory LLC bought a new position in shares of Marathon Petroleum during the third quarter valued at $1,286,000. It has underperformed by 2.00% the S&P500.

Arosa Capital Management Lp decreased C&J Energy Svcs Inc New stake by 420,276 shares to 1.75 million valued at $60.05 million in 2017Q2. Its down 0.03, from 1.08 in 2017Q1.

Marathon Petroleum Corporation (NYSE:MPC) shares were trading higher by 2 percent ($1.23) at $62.63 a piece in Thursday's session. 93 funds opened positions while 250 raised stakes. 673.63 million shares or 0.17% less from 674.80 million shares in 2017Q1 were reported. Tortoise Capital Advisors L.L.C. increased its stake in shares of Marathon Petroleum by 3.5% in the third quarter. Aviva Public Lc has invested 0.1% in Marathon Petroleum Corporation (NYSE:MPC). Hartford Fincl Management Inc invested in 0.92% or 39,026 shares. Wetherby Asset Incorporated stated it has 0.08% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Ubs Asset Americas, a Illinois-based fund reported 4.05M shares. UBS cut shares of Marathon Petroleum from a "buy" rating to a "neutral" rating and upped their target price for the company from $63.00 to $65.00 in a report on Sunday, November 26th. Ameritas Prns invested 0.08% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Ferguson Wellman stated it has 0.02% in Marathon Petroleum Corporation (NYSE:MPC). Monetary Management Gp holds 0.02% in Marathon Petroleum Corporation (NYSE:MPC) or 700 shares. Advisory Svcs Networks Ltd Liability holds 0.01% or 6,716 shares in its portfolio. C M Bidwell And Associates Limited invested in 126,350 shares. Of those analysts, 8 rate stock as a Strong Buy, 12 rate it as Hold, and just no analyst rates it as a Moderate Sell. The Brown Capital Management Llc holds 863,173 shares with $108.68 million value, down from 1.87 million last quarter. It also reduced Servicemaster Global Hldgs I (Call) (NYSE:SERV) stake by 604,300 shares and now owns 918,600 shares. Coty Inc. (NYSE:COTY) has declined 25.39% since December 1, 2016 and is downtrending.

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In analysts report published this morning, Goldman Sachs downgraded their rating on shares of Marathon Petro (NYSE:MPC) to a "Hold". Therefore 68% are positive.

Marathon Oil Co. has a 52 week low of $12.22 and a 52 week high of $19.28. The firm has "Overweight" rating by JP Morgan given on Wednesday, December 7. Marathon Oil now has a consensus rating of "Buy" and a consensus target price of $19.09. The stock has "Buy" rating by RBC Capital Markets on Wednesday, July 5. The firm has "Buy" rating by RBC Capital Markets given on Thursday, July 27. Putnam Investments Llc acquired 198,404 shares as Marathon Petroleum Corp (MPC)'s stock rose 5.52%. The firm has "Buy" rating by Citigroup given on Wednesday, October 18. Scotiabank reiterated a "buy" rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. On Thursday, October 13 the stock rating was maintained by Wedbush with "Neutral". The correct version of this article can be accessed at https://www.truebluetribune.com/2017/12/02/marathon-petroleum-corporation-mpc-downgraded-by-zacks-investment-research-to-hold.html. They expect $0.90 EPS, up 109.30 % or $0.47 from last year's $0.43 per share. MPC's profit will be $439.57 million for 17.46 P/E if the $0.90 EPS becomes a reality. The oil and gas company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.29.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $1.36 million activity. Kelley Thomas M. had sold 25,000 shares worth $1.36M on Wednesday, June 14.

Investors sentiment decreased to 0.89 in Q2 2017. Its up 0.03, from 1 in 2017Q1. Stevens First Principles Investment holds 0% or 688 shares. 67 funds opened positions while 232 raised stakes. Numina Capital Mgmt Lc invested in 1.11% or 129,635 shares. Manchester Cap Limited Liability Com reported 5,942 shares or 0.03% of all its holdings. This company shares are 19.81% off its target price of $17.78 and the current market capitalization stands at $12.61B. A lower price to book ratio indicates that the stock might be undervalued. 2 were sells. Insider ownership decreased by a total of 34571 shares, which suggests that MO's key executives are feeling less optimistic about the outlook for the stock. Brown Brothers Harriman stated it has 51,873 shares. Steinberg Glob Asset Mngmt holds 16,750 shares. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 5.99879, and a current Price to Earnings ratio of -1.819333. (NYSE:LOW). Lee Danner And Bass reported 0.89% of its portfolio in Lowe's Companies, Inc. 259,946 were accumulated by Foundry Prtn Ltd Limited Liability Company.


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