Intuit (INTU) Was Downgraded by First Analysis to “Underweight”; Tph Asset Management Cut Marathon Pete (MPC) Holding

May 23, 2018 - By wolcottdaily

Marathon Petroleum Corporation (NYSE:MPC) Logo

Tph Asset Management Llc decreased Marathon Pete Corp (MPC) stake by 22.94% reported in 2017Q4 SEC filing. Tph Asset Management Llc sold 12,457 shares as Marathon Pete Corp (MPC)’s stock rose 9.83%. The Tph Asset Management Llc holds 41,848 shares with $2.76M value, down from 54,305 last quarter. Marathon Pete Corp now has $36.04 billion valuation. The stock decreased 0.60% or $0.47 during the last trading session, reaching $78.02. About 269,232 shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since May 23, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

In a analysts note revealed to clients and investors today, First Analysis lowered shares of Intuit (NASDAQ:INTU) to a “Underweight” rating from a “Equal-Weight” rating.

Tph Asset Management Llc increased Royal Dutch Shell Plc stake by 124,380 shares to 295,601 valued at $19.72M in 2017Q4. It also upped 8Point3 Energy Partners Lp stake by 71,475 shares and now owns 136,508 shares. Plains All Amern Pipeline L (NYSE:PAA) was raised too.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on July, 26. They expect $1.65 earnings per share, up 60.19% or $0.62 from last year’s $1.03 per share. MPC’s profit will be $762.10M for 11.82 P/E if the $1.65 EPS becomes a reality. After $0.08 actual earnings per share reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts 1,962.50% EPS growth.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Seekingalpha.com which released: “Reuters: Marathon Petroleum seeking EPA biofuel waiver” on May 23, 2018, also Benzinga.com with their article: “Competing Bid Unlikely In Andeavor-Marathon Merger, Credit Suisse Says In Downgrade” published on May 18, 2018, 247Wallst.com published: “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” on April 30, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Bizjournals.com and their article: “Three-person team to oversee Marathon acquisition of Andeavor” published on May 11, 2018 as well as Bizjournals.com‘s news article titled: “Andeavor buys asphalt terminals for $75M” with publication date: May 22, 2018.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It improved, 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. Cetera Advsr Llc invested in 3,447 shares or 0.01% of the stock. Rmb Capital Mngmt Ltd Liability Corporation reported 0.01% in Marathon Petroleum Corporation (NYSE:MPC). Trillium Asset Mngmt Limited Com reported 117,030 shares. Blair William And Com Il stated it has 0.02% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Tokio Marine Asset Mngmt Co invested in 0.03% or 3,370 shares. Lodestar Inv Counsel Il owns 10,146 shares or 0.08% of their US portfolio. Pggm Invests has invested 0.17% in Marathon Petroleum Corporation (NYSE:MPC). Fil, a Bermuda-based fund reported 656,157 shares. Azimuth Capital Mngmt Lc has invested 0.05% in Marathon Petroleum Corporation (NYSE:MPC). Spark Inv Lc holds 395,900 shares or 1.4% of its portfolio. Mercer Advisers owns 3,692 shares. Blackrock Incorporated holds 0.14% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 43.97M shares. Tru Com Of Vermont invested in 0.06% or 9,264 shares. Parsons Capital Mngmt Ri holds 0.06% or 8,210 shares in its portfolio. Dekabank Deutsche Girozentrale accumulated 0.04% or 99,654 shares.

Among 21 analysts covering Marathon Petroleum Corp (NYSE:MPC), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Marathon Petroleum Corp had 92 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, November 14, the company rating was maintained by Barclays Capital. The rating was upgraded by Howard Weil to “Sector Outperform” on Tuesday, December 15. The rating was upgraded by Bank of America to “Neutral” on Tuesday, January 5. RBC Capital Markets maintained Marathon Petroleum Corporation (NYSE:MPC) rating on Thursday, August 31. RBC Capital Markets has “Buy” rating and $71.0 target. As per Thursday, March 15, the company rating was maintained by Wells Fargo. Vetr downgraded it to “Strong-Buy” rating and $59 target in Tuesday, August 11 report. Citigroup maintained the shares of MPC in report on Tuesday, March 13 with “Buy” rating. The rating was maintained by Scotia Capital with “Hold” on Monday, April 9. The firm has “Hold” rating by Jefferies given on Monday, February 5. As per Tuesday, October 10, the company rating was maintained by Barclays Capital.

Since December 12, 2017, it had 1 buy, and 5 selling transactions for $8.42 million activity. $1.12 million worth of Marathon Petroleum Corporation (NYSE:MPC) was sold by Palmer C. Michael. The insider Kelley Thomas M. sold 35,604 shares worth $2.31M. On Thursday, December 14 Nichols Rodney P. sold $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) or 6,374 shares. BUNCH CHARLES E bought $101,070 worth of stock or 1,500 shares.

Among 24 analysts covering Intuit (NASDAQ:INTU), 10 have Buy rating, 2 Sell and 12 Hold. Therefore 42% are positive. Intuit has $22000 highest and $86 lowest target. $163.05’s average target is -14.74% below currents $191.23 stock price. Intuit had 98 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Intuit Inc. (NASDAQ:INTU) earned “Buy” rating by Jefferies on Monday, January 22. As per Wednesday, August 19, the company rating was upgraded by Deutsche Bank. Brean Capital initiated the shares of INTU in report on Thursday, April 14 with “Buy” rating. The company was maintained on Tuesday, November 21 by Wells Fargo. Credit Suisse maintained Intuit Inc. (NASDAQ:INTU) on Tuesday, January 9 with “Buy” rating. The company was maintained on Wednesday, August 24 by RBC Capital Markets. The stock of Intuit Inc. (NASDAQ:INTU) has “Buy” rating given on Monday, February 12 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, August 23 by Credit Suisse. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 30 report. The firm earned “Outperform” rating on Friday, September 18 by Oppenheimer.

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.02, from 0.92 in 2017Q3. It is negative, as 48 investors sold Intuit Inc. shares while 247 reduced holdings. 65 funds opened positions while 200 raised stakes. 216.67 million shares or 0.72% more from 215.12 million shares in 2017Q3 were reported. Outfitter Advsrs Limited, a Virginia-based fund reported 54,915 shares. Ontario Teachers Pension Plan Board stated it has 0.09% of its portfolio in Intuit Inc. (NASDAQ:INTU). Dnb Asset Mgmt As invested in 25,033 shares. Private Cap reported 0.34% of its portfolio in Intuit Inc. (NASDAQ:INTU). Ngam Limited Partnership holds 0.06% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 36,401 shares. Royal Bancorporation Of Canada invested 0.2% in Intuit Inc. (NASDAQ:INTU). National Pension Serv reported 0.18% of its portfolio in Intuit Inc. (NASDAQ:INTU). Boothbay Fund Limited Liability Company holds 0.09% or 3,800 shares. 28,226 were accumulated by Symphony Asset Ltd Liability Co. Omers Administration holds 0.06% in Intuit Inc. (NASDAQ:INTU) or 38,079 shares. Lenox Wealth owns 311 shares. Mutual Of America Mngmt Ltd Liability accumulated 30,670 shares. Natixis owns 3,403 shares or 0% of their US portfolio. Axa holds 0.12% or 197,559 shares. Advisors Asset Management Inc has invested 0.03% of its portfolio in Intuit Inc. (NASDAQ:INTU).

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Seekingalpha.com which released: “Analysts raise Intuit targets after earnings” on May 23, 2018, also Seekingalpha.com with their article: “Intuit’s (INTU) CEO Brad Smith on Q3 2018 Results – Earnings Call Transcript” published on May 23, 2018, Benzinga.com published: “12 Stocks To Watch For May 23, 2018” on May 23, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Celgene, Cypress Semi, Intuit, KemPharm, Oasis Petroleum, Rio Tinto, Shake …” published on May 23, 2018 as well as Benzinga.com‘s news article titled: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” with publication date: May 21, 2018.

Since December 18, 2017, it had 0 insider buys, and 7 insider sales for $190.37 million activity. $24.28M worth of Intuit Inc. (NASDAQ:INTU) shares were sold by COOK SCOTT D. $1.66 million worth of Intuit Inc. (NASDAQ:INTU) was sold by STANSBURY HENRY TAYLOE on Tuesday, February 27.

Intuit Inc. provides financial management and compliance services and products for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company has market cap of $48.98 billion. The companyÂ’s Small Business segment provides small business payroll services and products, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies. It has a 52.41 P/E ratio. This segment also offers QuickBooks Online, and QuickBooks Self-Employed financial and business management offerings; QuickBooks Enterprise term licenses and QuickBooks technical support plans; small business payroll services, including QuickBooks Online Payroll, Intuit Online Payroll, QuickBooks Assisted Payroll, and Intuit Full Service Payroll; and payment processing services for small businesses.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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