Wexford Capital LP Has Lifted Its Marathon Pete (MPC) Holding; Chegg (CHGG)’s Sentiment Is 2.71

November 15, 2017 - By Darrin Black

Chegg, Inc. is a student-first connected learning platform. The company has market cap of $1.55 billion. The Firm helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It currently has negative earnings. The Firm matches domestic and international students with colleges, universities and other academic institutions in the United States.

Wexford Capital Lp increased Marathon Pete Corp (MPC) stake by 27.19% reported in 2017Q2 SEC filing. Wexford Capital Lp acquired 271,349 shares as Marathon Pete Corp (MPC)’s stock rose 5.52%. The Wexford Capital Lp holds 1.27M shares with $66.42M value, up from 997,904 last quarter. Marathon Pete Corp now has $30.71 billion valuation. The stock increased 1.06% or $0.66 during the last trading session, reaching $62.87. About 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.

Analysts await Chegg Inc (NYSE:CHGG) to report earnings on February, 12. CHGG’s profit will be $3.25 million for 119.25 P/E if the $0.03 EPS becomes a reality. After $-0.08 actual earnings per share reported by Chegg Inc for the previous quarter, Wall Street now forecasts -137.50% EPS growth.

Ratings analysis reveals 100% of Chegg’s analysts are positive. Out of 3 Wall Street analysts rating Chegg, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $9.0 while the high is $11.5. The stock’s average target of $10.50 is -26.62% below today’s ($14.31) share price. CHGG was included in 3 notes of analysts from September 29, 2016. The stock of Chegg Inc (NYSE:CHGG) earned “Outperform” rating by Northland Capital on Tuesday, April 11. The firm has “Outperform” rating by Barrington Research given on Thursday, September 29. The stock has “Buy” rating by Lake Street on Tuesday, November 8.

The stock increased 1.92% or $0.27 during the last trading session, reaching $14.31. About shares traded. Chegg Inc (CHGG) has risen 163.16% since November 15, 2016 and is uptrending. It has outperformed by 146.46% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 7 sales for $4.25 million activity.

Act Ii Management Lp holds 7.86% of its portfolio in Chegg Inc for 944,616 shares. Sylebra Hk Co Ltd owns 6.70 million shares or 7.42% of their US portfolio. Moreover, Ashford Capital Management Inc has 4.98% invested in the company for 2.32 million shares. The New York-based S Squared Technology Llc has invested 4.3% in the stock. P.A.W. Capital Corp, a Connecticut-based fund reported 250,000 shares.

Wexford Capital Lp decreased Jpmorgan Chase & Co (NYSE:JPM) stake by 43,874 shares to 88,282 valued at $8.07 million in 2017Q2. It also reduced Baidu Inc (NASDAQ:BIDU) stake by 35,731 shares and now owns 25,756 shares. Spdr Series Trust (SDY) was reduced too.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It dropped, 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. Advisory Ser Net Limited Company has 0.05% invested in Marathon Petroleum Corp (NYSE:MPC) for 7,381 shares. Gru One Trading Lp accumulated 0.04% or 72,146 shares. Raymond James Financial Services Advsr Incorporated holds 0.32% or 884,412 shares. Investors Asset Of Georgia Ga Adv holds 5,164 shares or 0.19% of its portfolio. Gradient Invests Ltd Liability accumulated 438 shares. Shine Inv Advisory invested 0.05% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Texas Yale Cap holds 0.1% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 21,900 shares. Savant Cap Ltd Liability reported 9,674 shares or 0.12% of all its holdings. Sta Wealth Lc accumulated 4,868 shares. State Board Of Administration Of Florida Retirement invested in 769,968 shares. Ameritas Investment Ptnrs stated it has 0.08% in Marathon Petroleum Corp (NYSE:MPC). Kbc Group Incorporated Nv has invested 0.36% in Marathon Petroleum Corp (NYSE:MPC). Biltmore Wealth Mngmt Ltd Liability Company holds 0.48% or 8,078 shares in its portfolio. Martingale Asset Limited Partnership invested in 41,554 shares or 0.03% of the stock. Hancock Hldgs Com accumulated 273,759 shares.

Since May 18, 2017, it had 0 insider purchases, and 2 selling transactions for $1.57 million activity. Palmer C. Michael sold $237,696 worth of stock or 4,568 shares. Kelley Thomas M. also sold $1.36 million worth of Marathon Petroleum Corp (NYSE:MPC) shares.

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 has $79.0 highest and $38 lowest target. $62.41’s average target is -0.73% below currents $62.87 stock price. Marathon Petroleum Corp had 61 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, October 3, the company rating was downgraded by Goldman Sachs. Piper Jaffray maintained it with “Buy” rating and $5900 target in Thursday, July 13 report. The firm has “Buy” rating by Cowen & Co given on Tuesday, October 17. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. As per Tuesday, February 9, the company rating was maintained by Deutsche Bank. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Overweight” rating by JP Morgan on Wednesday, August 26. Cowen & Co maintained the stock with “Outperform” rating in Friday, February 12 report. The company was maintained on Tuesday, November 14 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Wednesday, October 18. UBS upgraded Marathon Petroleum Corp (NYSE:MPC) on Thursday, February 2 to “Buy” rating.

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