Kensico Capital Management Cut Its Marathon Pete (MPC) Position; Shorts at Medtronic Plc (MDT) Lowered By 10.77%

November 15, 2017 - By Peter Erickson

Medtronic Plc (NYSE:MDT) had a decrease of 10.77% in short interest. MDT’s SI was 10.90M shares in November as released by FINRA. Its down 10.77% from 12.21M shares previously. With 5.05 million avg volume, 2 days are for Medtronic Plc (NYSE:MDT)’s short sellers to cover MDT’s short positions. About 33,760 shares traded. Medtronic plc. Ordinary Shares (NYSE:MDT) has risen 4.04% since November 15, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Kensico Capital Management Corp decreased Marathon Pete Corp (MPC) stake by 2.24% reported in 2017Q2 SEC filing. Kensico Capital Management Corp sold 207,000 shares as Marathon Pete Corp (MPC)’s stock rose 5.52%. The Kensico Capital Management Corp holds 9.05M shares with $473.74 million value, down from 9.26M last quarter. Marathon Pete Corp now has $30.71 billion valuation. The stock declined 1.00% or $0.63 reaching $62.24 per share. About 12,499 shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since November 15, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Since May 18, 2017, it had 0 insider purchases, and 2 selling transactions for $1.57 million activity. 25,000 shares were sold by Kelley Thomas M., worth $1.36 million. $237,696 worth of Marathon Petroleum Corp (NYSE:MPC) was sold by Palmer C. Michael on Thursday, May 18.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on February, 7. They expect $0.90 EPS, up 109.30% or $0.47 from last year’s $0.43 per share. MPC’s profit will be $444.07M for 17.29 P/E if the $0.90 EPS becomes a reality. After $1.77 actual EPS reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -49.15% negative EPS growth.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Marathon Petroleum Corp had 61 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 4 by Howard Weil. The rating was upgraded by Howard Weil on Tuesday, December 15 to “Sector Outperform”. RBC Capital Markets maintained Marathon Petroleum Corp (NYSE:MPC) rating on Thursday, July 27. RBC Capital Markets has “Buy” rating and $7100 target. The company was maintained on Thursday, July 13 by Piper Jaffray. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Overweight” rating given on Wednesday, March 16 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Tuesday, November 14. Piper Jaffray maintained Marathon Petroleum Corp (NYSE:MPC) on Monday, August 22 with “Neutral” rating. RBC Capital Markets maintained Marathon Petroleum Corp (NYSE:MPC) rating on Wednesday, October 18. RBC Capital Markets has “Buy” rating and $74.0 target. UBS upgraded the stock to “Neutral” rating in Tuesday, November 1 report. Vetr upgraded Marathon Petroleum Corp (NYSE:MPC) rating on Monday, August 24. Vetr has “Buy” rating and $59 target.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It dived, 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. Ameritas Invest Prns Incorporated has 0.08% invested in Marathon Petroleum Corp (NYSE:MPC) for 32,167 shares. Ingalls Snyder Limited Liability Company, a New York-based fund reported 51,147 shares. Bnp Paribas Asset Sa reported 17,282 shares stake. Mason Capital Management Ltd Llc owns 5.83% invested in Marathon Petroleum Corp (NYSE:MPC) for 1.70M shares. Sentinel Asset Management Incorporated invested in 0.51% or 402,500 shares. Colony Gru Ltd invested in 0.02% or 5,630 shares. Commonwealth Bancorporation Of has 0.09% invested in Marathon Petroleum Corp (NYSE:MPC) for 174,826 shares. Strs Ohio reported 968,677 shares stake. The Wisconsin-based Jacobus Wealth Management has invested 0.04% in Marathon Petroleum Corp (NYSE:MPC). First Eagle Management Limited Liability Corp holds 1.63M shares. Quantbot Technology Limited Partnership holds 0.28% in Marathon Petroleum Corp (NYSE:MPC) or 56,045 shares. New York-based Etrade Cap Management Lc has invested 0.02% in Marathon Petroleum Corp (NYSE:MPC). Brown Brothers Harriman And invested 0% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). 93,228 were reported by Palladium Ptnrs Ltd Liability. Cambridge Rech owns 47,385 shares.

Among 27 analysts covering Medtronic (NYSE:MDT), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Medtronic had 70 analyst reports since August 10, 2015 according to SRatingsIntel. Needham maintained Medtronic plc. Ordinary Shares (NYSE:MDT) rating on Wednesday, November 23. Needham has “Buy” rating and $84 target. The firm has “Buy” rating given on Monday, October 9 by Needham. As per Wednesday, April 19, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, October 10 by BMO Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Sunday, August 20. BTIG Research maintained Medtronic plc. Ordinary Shares (NYSE:MDT) on Tuesday, August 22 with “Hold” rating. The rating was maintained by Stifel Nicolaus on Tuesday, July 18 with “Hold”. The company was maintained on Monday, May 29 by IBC. As per Wednesday, August 23, the company rating was maintained by Northland Capital. As per Wednesday, November 23, the company rating was maintained by Stifel Nicolaus.

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