As Marathon Petroleum (MPC) Stock Price Rose, Wesbanco Bank Lowered Holding; Smucker J M (SJM) Share Value Declined While Notis-Mcconarty Edward Cut Stake by $1.04 Million

April 22, 2018 - By Winifred Garcia

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Wesbanco Bank Inc decreased its stake in Marathon Petroleum Corp (MPC) by 10.91% based on its latest 2017Q4 regulatory filing with the SEC. Wesbanco Bank Inc sold 11,346 shares as the company’s stock rose 9.83% while stock markets declined. The institutional investor held 92,603 shares of the integrated oil company at the end of 2017Q4, valued at $6.11M, down from 103,949 at the end of the previous reported quarter. Wesbanco Bank Inc who had been investing in Marathon Petroleum Corp for a number of months, seems to be less bullish one the $37.84B market cap company. The stock increased 0.45% or $0.36 during the last trading session, reaching $79.76. About 2.56M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since April 22, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

Notis-Mcconarty Edward decreased its stake in Smucker J M (SJM) by 64.53% based on its latest 2017Q4 regulatory filing with the SEC. Notis-Mcconarty Edward sold 8,495 shares as the company’s stock declined 2.24% with the market. The institutional investor held 4,670 shares of the packaged foods company at the end of 2017Q4, valued at $579,000, down from 13,165 at the end of the previous reported quarter. Notis-Mcconarty Edward who had been investing in Smucker J M for a number of months, seems to be less bullish one the $13.06 billion market cap company. The stock decreased 1.81% or $2.12 during the last trading session, reaching $114.92. About 1.70M shares traded or 48.51% up from the average. The J. M. Smucker Company (NYSE:SJM) has declined 7.89% since April 22, 2017 and is downtrending. It has underperformed by 19.44% the S&P500.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on May, 1 before the open. They expect $0.24 EPS, up 300.00% or $0.18 from last year’s $0.06 per share. MPC’s profit will be $113.85 million for 83.08 P/E if the $0.24 EPS becomes a reality. After $1.05 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -77.14% negative EPS growth.

Since December 12, 2017, it had 1 insider purchase, and 5 insider sales for $8.42 million activity. The insider Palmer C. Michael sold $3.29M. $101,070 worth of Marathon Petroleum Corporation (NYSE:MPC) was bought by BUNCH CHARLES E on Tuesday, March 6. 6,374 shares were sold by Nichols Rodney P., worth $413,864.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It increased, 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. United Cap Fincl Advisers Ltd Liability Company has 12,692 shares. Bancorporation Of Nova Scotia stated it has 90,695 shares. Macquarie Grp Incorporated Limited reported 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Monroe Bank & Trust & Tru Mi reported 0.1% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). 4,130 are held by Blb&B Advisors Lc. Neuberger Berman Group Incorporated Limited Liability Corp invested in 0.01% or 121,065 shares. The New Hampshire-based Ledyard Bancorporation has invested 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Boothbay Fund Management Ltd Limited Liability Company invested in 5,202 shares or 0.05% of the stock. Private Asset Mgmt reported 4,488 shares. Savant Capital Limited Liability stated it has 8,614 shares. Kornitzer Management Ks invested 0.18% in Marathon Petroleum Corporation (NYSE:MPC). Markston Interest Lc, a New York-based fund reported 221,646 shares. Texas Yale Cap Corporation owns 21,900 shares or 0.12% of their US portfolio. New York-based Glob X Mngmt Communications Llc has invested 0.03% in Marathon Petroleum Corporation (NYSE:MPC). Alpha Windward Limited Liability Company owns 0.53% invested in Marathon Petroleum Corporation (NYSE:MPC) for 13,413 shares.

Wesbanco Bank Inc, which manages about $900.26 million and $1.48B US Long portfolio, upped its stake in Vanguard (VWO) by 18,820 shares to 75,761 shares, valued at $3.48M in 2017Q4, according to the filing. It also increased its holding in Vanguard (VT) by 270,328 shares in the quarter, for a total of 443,581 shares, and has risen its stake in I Shares (IWB).

Among 20 analysts covering Marathon Petroleum Corp (NYSE:MPC), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Marathon Petroleum Corp had 85 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer maintained Marathon Petroleum Corporation (NYSE:MPC) on Wednesday, November 25 with “Outperform” rating. Piper Jaffray maintained it with “Buy” rating and $94.0 target in Sunday, January 21 report. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, September 6. The rating was upgraded by Vetr to “Hold” on Monday, August 17. The company was upgraded on Wednesday, December 7 by JP Morgan. Credit Suisse maintained Marathon Petroleum Corporation (NYSE:MPC) on Thursday, July 13 with “Buy” rating. As per Monday, April 9, the company rating was maintained by JP Morgan. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Tuesday, February 9 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Tuesday, August 23. As per Monday, August 24, the company rating was upgraded by Vetr.

Analysts await The J. M. Smucker Company (NYSE:SJM) to report earnings on June, 14. They expect $2.21 EPS, up 22.78% or $0.41 from last year’s $1.8 per share. SJM’s profit will be $251.06M for 13.00 P/E if the $2.21 EPS becomes a reality. After $2.50 actual EPS reported by The J. M. Smucker Company for the previous quarter, Wall Street now forecasts -11.60% negative EPS growth.

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.05, from 0.89 in 2017Q3. It increased, as 53 investors sold SJM shares while 236 reduced holdings. 94 funds opened positions while 179 raised stakes. 84.66 million shares or 1.41% more from 83.48 million shares in 2017Q3 were reported. Pub Employees Retirement Of Ohio holds 0.03% or 47,754 shares in its portfolio. Davis R M owns 5,618 shares or 0.03% of their US portfolio. Gulf Intll National Bank & Trust (Uk) holds 0.06% or 35,726 shares in its portfolio. The New York-based Cibc has invested 0.02% in The J. M. Smucker Company (NYSE:SJM). Olstein Mngmt Ltd Partnership reported 0.92% in The J. M. Smucker Company (NYSE:SJM). Amica Retiree Tru stated it has 627 shares. Moreover, Nine Masts Capital Limited has 0.08% invested in The J. M. Smucker Company (NYSE:SJM) for 4,613 shares. Stratos Wealth Prtnrs Ltd reported 10,572 shares. Dreman Value Mgmt L L C owns 4,114 shares or 0.29% of their US portfolio. Dubuque National Bank And holds 0% or 25 shares in its portfolio. Public Employees Retirement Association Of Colorado stated it has 21,397 shares. Aqr Cap Ltd reported 30,413 shares. Rampart Limited Co accumulated 1,372 shares or 0.07% of the stock. Riverpoint Cap Ltd Liability has 0.03% invested in The J. M. Smucker Company (NYSE:SJM). Nikko Asset Management Americas has invested 0% in The J. M. Smucker Company (NYSE:SJM).

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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