Westchester Capital Management Cut Marathon Petroleum (MPC) Position; Innsuites Hospitality Trust Sbi (NYSEAMERICAN:IHT) Shorts Lowered By 8.82%

November 14, 2017 - By Clifton Ray

Westchester Capital Management Llc decreased Marathon Petroleum Corporation (MPC) stake by 39.85% reported in 2017Q2 SEC filing. Westchester Capital Management Llc sold 108,000 shares as Marathon Petroleum Corporation (MPC)’s stock rose 5.52%. The Westchester Capital Management Llc holds 163,000 shares with $8.53M value, down from 271,000 last quarter. Marathon Petroleum Corporation now has $30.66B valuation. The stock rose 0.92% or $0.57 reaching $62.77. About 3.24 million shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since November 14, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Innsuites Hospitality Trust Sbi (NYSEAMERICAN:IHT) had a decrease of 8.82% in short interest. IHT’s SI was 3,100 shares in November as released by FINRA. Its down 8.82% from 3,400 shares previously. With 1,000 avg volume, 3 days are for Innsuites Hospitality Trust Sbi (NYSEAMERICAN:IHT)’s short sellers to cover IHT’s short positions. The SI to Innsuites Hospitality Trust Sbi’s float is 0.1%. About 1,647 shares traded or 3.26% up from the average. InnSuites Hospitality Trust (NYSEAMERICAN:IHT) has declined 15.77% since November 14, 2016 and is downtrending. It has underperformed by 32.47% the S&P500.

Investors sentiment is 0 in Q2 2017. Its the same as in 2017Q1. It is without change, as 0 investors sold InnSuites Hospitality Trust shares while 0 reduced holdings. only 2 funds opened positions while 0 raised stakes. 21,914 shares or 21814.00% more from 100 shares in 2017Q1 were reported. Tower Research Capital Ltd Co (Trc) holds 500 shares. Glenmede Co Na, Pennsylvania-based fund reported 100 shares. Citadel Advsr Limited Liability Co holds 10,357 shares or 0% of its portfolio.

InnSuites Hospitality Trust is a real estate investment trust. The company has market cap of $16.47 million. The Trust is engaged in the ownership and operation of hotel properties. It currently has negative earnings. The Trust, with its affiliates RRF Limited Partnership and InnSuites Hotels, Inc., owns interest and operates approximately four hotels, provides management services for approximately six hotels and provides trademark license services for approximately seven hotels.

Analysts await Marathon Petroleum Corp (NYSE:MPC) to report earnings on February, 7. They expect $0.90 earnings per share, up 109.30% or $0.47 from last year’s $0.43 per share. MPC’s profit will be $439.60M for 17.44 P/E if the $0.90 EPS becomes a reality. After $1.77 actual earnings per share reported by Marathon Petroleum Corp for the previous quarter, Wall Street now forecasts -49.15% negative EPS growth.

Investors sentiment decreased to 1.05 in 2017 Q2. 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. Fin Engines Advsr Ltd Liability accumulated 95,234 shares or 0.23% of the stock. Hbk Limited Partnership invested in 75,545 shares. Comerica Incorporated owns 21,152 shares or 0.16% of their US portfolio. Convergence Ltd reported 49,897 shares or 0.38% of all its holdings. Advisory Service Limited Liability Corporation holds 0.05% or 7,381 shares in its portfolio. Tru Of Virginia Va stated it has 118,328 shares or 0.94% of all its holdings. Stillwater Capital Advisors Ltd Llc holds 2.35% or 177,195 shares. Gam Hldgs Ag has 14,557 shares. 11,264 were reported by Ferguson Wellman Cap Inc. 87,134 are held by Stephens Ar. Boston Prtn holds 9.13M shares. 3,822 were reported by Sun Life Fincl. 495,515 were accumulated by Madison Inv Holding Inc. Sigma Planning accumulated 3,870 shares or 0.02% of the stock. First Citizens National Bank Company holds 0.07% or 10,832 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 had 59 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Neutral” rating given on Monday, August 22 by Piper Jaffray. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, December 7. The rating was upgraded by Vetr to “Buy” on Monday, August 24. Raymond James upgraded the shares of MPC in report on Monday, October 31 to “Strong Buy” rating. On Thursday, February 2 the stock rating was upgraded by UBS to “Buy”. JP Morgan upgraded it to “Overweight” rating and $61 target in Wednesday, August 26 report. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. On Tuesday, August 23 the stock rating was initiated by Jefferies with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 20 report. RBC Capital Markets maintained Marathon Petroleum Corp (NYSE:MPC) on Thursday, February 4 with “Top Pick” rating.

Westchester Capital Management Llc increased Fortress Investment Group Llc (NYSE:FIG) stake by 2.63M shares to 6.49 million valued at $51.82M in 2017Q2. It also upped Cbs Aug.55 Put (Put) (NYSE:CBS) stake by 43,000 shares and now owns 125,500 shares. Nxp Semiconductors Nv (NASDAQ:NXPI) was raised too.

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