Stock News

Baxter International (BAX) Stock Price Rose While Financial Advisory Group Has Decreased Stake by $636,544; Marathon Petroleum (MPC) Share Price Rose While Barometer Capital Management Upped by $6.76 Million Its Stake

Marathon Petroleum Corporation (NYSE:MPC) Logo

Financial Advisory Group decreased its stake in Baxter International Inc (BAX) by 63.59% based on its latest 2017Q4 regulatory filing with the SEC. Financial Advisory Group sold 9,946 shares as the company’s stock rose 0.23% while stock markets declined. The institutional investor held 5,694 shares of the medical and dental instruments company at the end of 2017Q4, valued at $368,000, down from 15,640 at the end of the previous reported quarter. Financial Advisory Group who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $37.81 billion market cap company. The stock decreased 0.07% or $0.05 during the last trading session, reaching $70.6. About 3.48M shares traded or 16.97% up from the average. Baxter International Inc. (NYSE:BAX) has risen 25.16% since May 20, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Barometer Capital Management Inc increased its stake in Marathon Petroleum Corp (MPC) by 63.08% based on its latest 2017Q4 regulatory filing with the SEC. Barometer Capital Management Inc bought 103,950 shares as the company’s stock rose 9.83% while stock markets declined. The hedge fund held 268,750 shares of the integrated oil company at the end of 2017Q4, valued at $17.73M, up from 164,800 at the end of the previous reported quarter. Barometer Capital Management Inc who had been investing in Marathon Petroleum Corp for a number of months, seems to be bullish on the $36.73 billion market cap company. The stock decreased 1.46% or $1.18 during the last trading session, reaching $79.53. About 4.02 million shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 49.25% since May 20, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.

More important recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Benzinga.com which released: “Competing Bid Unlikely In Andeavor-Marathon Merger, Credit Suisse Says In Downgrade” on May 18, 2018, also Bizjournals.com published article titled: “Three-person team to oversee Marathon acquisition of Andeavor”, Benzinga.com published: “Andeavor Downgraded By Morgan Stanley On Marathon Acquisition” on May 08, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) was released by: 247Wallst.com and their article: “Marathon, Andeavor to Merge, Create Largest US Oil Refiner” with publication date: April 30, 2018.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It is positive, 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. Boys Arnold stated it has 15,472 shares. Marathon Mngmt owns 0.16% invested in Marathon Petroleum Corporation (NYSE:MPC) for 6,297 shares. Boyd Watterson Asset Mgmt Limited Liability Oh invested 0.2% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Hsbc Holdings Public Ltd Com reported 886,482 shares or 0.08% of all its holdings. Strs Ohio reported 878,585 shares. Apg Asset Mgmt Nv holds 0.33% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 3.26M shares. Arosa Capital Mngmt Ltd Partnership owns 89,376 shares. Parametric Port Associate Ltd Liability Company reported 0.16% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Swiss Bancorp reported 1.87 million shares. Cap Advisors Ltd Liability holds 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 150 shares. Moreover, Condor Mngmt has 0.37% invested in Marathon Petroleum Corporation (NYSE:MPC) for 27,291 shares. Hm Payson stated it has 0.25% in Marathon Petroleum Corporation (NYSE:MPC). Castleark Management Limited Liability Corp accumulated 52,275 shares. Prudential Fincl invested in 3.94 million shares. Vaughan David Inc Il, Illinois-based fund reported 4,700 shares.

Among 20 analysts covering Marathon Petroleum Corp (NYSE:MPC), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Marathon Petroleum Corp had 91 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) has “Buy” rating given on Thursday, February 2 by UBS. The rating was upgraded by Bank of America to “Neutral” on Tuesday, January 5. The rating was maintained by Jefferies with “Buy” on Friday, August 25. Cowen & Co maintained it with “Buy” rating and $79.0 target in Tuesday, November 14 report. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, November 25 report. The stock has “Overweight” rating by JP Morgan on Wednesday, August 26. Cowen & Co maintained Marathon Petroleum Corporation (NYSE:MPC) on Thursday, July 27 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $89.0 target in Tuesday, January 30 report. The firm has “Hold” rating by Wells Fargo given on Thursday, March 15. The rating was maintained by JP Morgan on Tuesday, March 13 with “Overweight”.

Since December 12, 2017, it had 1 insider purchase, and 5 selling transactions for $8.42 million activity. 1,500 Marathon Petroleum Corporation (NYSE:MPC) shares with value of $101,070 were bought by BUNCH CHARLES E. Another trade for 35,604 shares valued at $2.31M was sold by Kelley Thomas M.. Nichols Rodney P. sold 6,374 shares worth $413,864.

Barometer Capital Management Inc, which manages about $2.58 billion and $1.11 billion US Long portfolio, decreased its stake in Albemarle Corp (NYSE:ALB) by 117,350 shares to 46,700 shares, valued at $5.97M in 2017Q4, according to the filing. It also reduced its holding in Etrade Financial Corp (NASDAQ:ETFC) by 15,200 shares in the quarter, leaving it with 126,000 shares, and cut its stake in Rio Tinto Plc (NYSE:RIO).

Among 21 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Baxter International had 60 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 11 by BMO Capital Markets. The firm has “Overweight” rating given on Thursday, April 14 by Piper Jaffray. The rating was maintained by Cowen & Co with “Hold” on Friday, October 13. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, October 26 report. The company was upgraded on Tuesday, January 2 by JP Morgan. The firm earned “Sector Perform” rating on Wednesday, February 3 by RBC Capital Markets. As per Friday, July 28, the company rating was maintained by UBS. The firm has “Equal-Weight” rating given on Thursday, October 26 by Morgan Stanley. As per Wednesday, May 4, the company rating was initiated by Evercore. Barclays Capital maintained the stock with “Overweight” rating in Thursday, July 27 report.

Since March 2, 2018, it had 0 buys, and 5 sales for $5.13 million activity. 3,760 shares valued at $243,408 were sold by HELLMAN PETER S on Monday, April 2. Another trade for 4,990 shares valued at $329,590 was made by Shapazian Carole J on Friday, March 2. 3,760 shares were sold by STROUCKEN ALBERT P L, worth $243,443 on Monday, April 2. STORM KORNELIS J. sold $3.10 million worth of stock.

Financial Advisory Group, which manages about $334.54 million US Long portfolio, upped its stake in Dbx Etf Tr (DBEF) by 119,916 shares to 1.52M shares, valued at $48.24M in 2017Q4, according to the filing. It also increased its holding in Claymore Exchange Trd Fd Tr (BSCJ) by 389,424 shares in the quarter, for a total of 446,297 shares, and has risen its stake in Boeing Co (NYSE:BA).

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on July, 25. They expect $0.71 earnings per share, up 12.70% or $0.08 from last year’s $0.63 per share. BAX’s profit will be $380.19M for 24.86 P/E if the $0.71 EPS becomes a reality. After $0.70 actual earnings per share reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts 1.43% EPS growth.

More recent Baxter International Inc. (NYSE:BAX) news were published by: Seekingalpha.com which released: “Key events next week – healthcare” on May 18, 2018. Also Seekingalpha.com published the news titled: “Baxter Is Quickly Rebuilding Its Solid Dividend” on May 17, 2018. Streetinsider.com‘s news article titled: “Baxter (BAX) Announces US FDA Clearance of New Spectrum IQ Infusion System” with publication date: May 14, 2018 was also an interesting one.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *