Conestoga Capital Advisors Increased Its Ligand Pharmaceuticals (LGND) Stake; Reaves W H & Company Lowered Its Marathon Petroleum (MPC) Holding

October 13, 2017 - By Darrin Black

Reaves W H & Company Inc decreased Marathon Petroleum Corp (MPC) stake by 3.86% reported in 2017Q2 SEC filing. Reaves W H & Company Inc sold 16,921 shares as Marathon Petroleum Corp (MPC)’s stock rose 5.52%. The Reaves W H & Company Inc holds 421,130 shares with $22.04 million value, down from 438,051 last quarter. Marathon Petroleum Corp now has $28.63 billion valuation. It closed at $56.55 lastly. It is down 46.20% since October 13, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Conestoga Capital Advisors Llc increased Ligand Pharmaceuticals Inc (LGND) stake by 6.96% reported in 2017Q2 SEC filing. Conestoga Capital Advisors Llc acquired 25,095 shares as Ligand Pharmaceuticals Inc (LGND)’s stock rose 7.66%. The Conestoga Capital Advisors Llc holds 385,869 shares with $46.84M value, up from 360,774 last quarter. Ligand Pharmaceuticals Inc now has $3.02 billion valuation. It closed at $143.36 lastly. It is down 2.87% since October 13, 2016 and is downtrending. It has underperformed by 19.57% the S&P500.

Since May 18, 2017, it had 0 buys, and 3 insider sales for $1.81 million activity. Palmer C. Michael sold $237,696 worth of stock. Kelley Thomas M. sold $1.36M worth of stock.

Reaves W H & Company Inc increased Time Warner Inc. (NYSE:TWX) stake by 111,654 shares to 360,920 valued at $36.24M in 2017Q2. It also upped Eversource Energy stake by 358,684 shares and now owns 1.30M shares. Nisource Inc Com (NYSE:NI) was raised too.

Investors sentiment decreased to 1.05 in 2017 Q2. Its down 0.03, from 1.08 in 2017Q1. It worsened, as 53 investors sold MPC shares while 274 reduced holdings. 93 funds opened positions while 250 raised stakes. 383.45 million shares or 4.21% less from 400.29 million shares in 2017Q1 were reported. Glg Ltd holds 0.08% or 25,839 shares in its portfolio. 769,968 were accumulated by State Board Of Administration Of Florida Retirement Sys. Gotham Asset Management Ltd has invested 0.05% in Marathon Petroleum Corp (NYSE:MPC). Millennium Management Ltd Limited Liability Company has invested 0.22% in Marathon Petroleum Corp (NYSE:MPC). Aviance Cap Ltd Limited Liability Company invested in 0.1% or 5,784 shares. Glg Prtnrs Limited Partnership holds 167,146 shares or 0.48% of its portfolio. Vaughan David Invs Il reported 4,700 shares or 0.01% of all its holdings. Sei reported 517,284 shares or 0.11% of all its holdings. Nomura Asset Ltd holds 0.06% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 83,998 shares. Seaward Mngmt Ltd Partnership has 0.02% invested in Marathon Petroleum Corp (NYSE:MPC). Grimes And Company Incorporated accumulated 99,941 shares. Nordea Investment Management Ab stated it has 189,448 shares. The California-based Savings Bank Of The West has invested 0.37% in Marathon Petroleum Corp (NYSE:MPC). Paloma Partners reported 0.23% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). 461 are owned by Alexandria Ltd Liability.

Among 18 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Marathon Petroleum Corp had 56 analyst reports since August 10, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Neutral” rating in Tuesday, January 5 report. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, October 7 report. The firm earned “Market Perform” rating on Wednesday, September 6 by Wells Fargo. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Neutral” rating by JP Morgan on Friday, February 5. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. On Monday, August 22 the stock rating was maintained by Piper Jaffray with “Neutral”. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Overweight” rating by Barclays Capital on Friday, December 4. The firm earned “Neutral” rating on Tuesday, October 3 by Goldman Sachs. The firm has “Outperform” rating by Credit Suisse given on Tuesday, January 26.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on October, 26. They expect $1.21 EPS, up 108.62% or $0.63 from last year’s $0.58 per share. MPC’s profit will be $612.60 million for 11.68 P/E if the $1.21 EPS becomes a reality. After $1.03 actual EPS reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts 17.48% EPS growth.

Since May 11, 2017, it had 0 buys, and 3 sales for $6.13 million activity. FOEHR MATTHEW W also sold $630,650 worth of Ligand Pharmaceuticals Inc. (NASDAQ:LGND) on Friday, May 12. HIGGINS JOHN L sold 12,000 shares worth $1.38M. On Thursday, May 11 Aryeh Jason sold $4.13 million worth of Ligand Pharmaceuticals Inc. (NASDAQ:LGND) or 37,247 shares.

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