Two Stocks To Tuck Away: Marathon Petroleum Corporation (MPC), Plains All American Pipeline, L.P. (PAA)

The shares of Marathon Petroleum Corporation (NYSE:MPC) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on May 10th, 2019. The research company has also assigned a $65 price target. Cowen wasn’t the only research firm that published a report of Marathon Petroleum Corporation, with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on May 6th, 2019, to Outperform the MPC stock while also putting a $90 price target. The stock had earned Outperform rating from Macquarie when it published its report on February 6th, 2019. The stock was given Overweight rating by Piper Jaffray in its report released on January 10th, 2019. Standpoint Research was of a view that MPC is Accumulate in its latest report on December 26th, 2018. Cowen thinks that MPC is worth Outperform rating. This was contained in the firm’s report on December 6th, 2018 in which the stock’s price target was also moved to $101.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $78.47. The price of the stock the last time has raised by 3.69% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 33.97.

The shares of the company added by 1.59% during the trading session on Tuesday, reaching a low of $45.64 while ending the day at $47.15. During the trading session, a total of 5.23 million shares were traded which represents a 22.01% incline from the average session volume which is 6.71M shares. MPC had ended its last session trading at 46.41. Marathon Petroleum Corporation currently has a market cap of $31.76B, while its P/E ratio stands at 10.22, while its P/E earnings growth sits at 0.27, with a beta of 1.70. Marathon Petroleum Corporation debt-to-equity ratio currently stands at 0.83, while its quick ratio hovers at 0.60. MPC 52-week low price stands at $45.47 while its 52-week high price is $88.45.

The company in its last quarterly report recorded $1.73 earnings per share which is above the $1.32 predicted by most analysts. The Marathon Petroleum Corporation generated $33,688.00 million in revenue during the last quarter, which is slightly higher than the $33,499.10 million predicted by analysts. In the second quarter last year, the firm recorded -$0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 105.2%. Marathon Petroleum Corporation has the potential to record 4.61 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Piper Jaffray published a research note on July 17th, 2019 where it informed investors and clients that Plains All American Pipeline, L.P. (NYSE:PAA) is now rated as Overweight. Their price target on the stock stands at $31. Cowen also rated PAA as Reiterated on May 6th, 2019, with its price target of $90 suggesting that PAA could surge by 22.18% from its current share price. Even though the stock has been trading at $21.55/share, analysts expect it to surge higher by 0.93% to reach $27.95/share. It started the day trading at $21.93 and traded between $21.44 and $21.75 throughout the trading session.

A look at its technical shows that PAA’s 50-day SMA is 23.80 while its 200-day SMA stands at 23.39. The stock has a high of $27.60 for the year while the low is $19.33. The company’s P/E ratio currently sits at 5.52, while the P/B ratio is 1.51. At the moment, only of Plains All American Pipeline, L.P. shares were sold short. The company’s average trading volume currently stands at 2.05M shares, which means that the short-interest ratio is just 9.11 days. Over the past seven days, the company moved, with its shift of -1.81%. Looking further, the stock has dropped -9.11% over the past 90 days while it lost -7.17% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Harvest Fund Advisors LLC sold more PAA shares, decreasing its portfolio by -5.53% during the last quarter. This move now sees Harvest Fund Advisors LLC selling -2,330,122 shares in the last quarter, thus it now holds 39,778,404 shares of PAA, with a total valuation of $945,930,447. Tortoise Capital Advisors LLC meanwhile sold more PAA shares in the recently filed quarter, changing its stake to $901,022,797 worth of shares. ALPS Advisors Inc followed the path by decreasing its PAA portfolio by -1.46% in the quarter. This means that ALPS Advisors Inc sold -554,783 shares in the last quarter and now controls 37,363,161 shares of the PAA stock, with the valuation hitting $888,495,969.

Similarly, Brookfield Public Securities Grou increased its Plains All American Pipeline, L.P. shares by +24.27% during the recently filed quarter. After buying 2,701,974 shares in the last quarter, the firm now controls 13,836,550 shares of Plains All American Pipeline, L.P. which are valued at $329,033,159. In the same vein, JPMorgan Securities LLC decreased its Plains All American Pipeline, L.P. shares by during the most recent reported quarter. The firm sold -264,628 shares during the quarter which decreased its stakes to 11,059,441 shares and is now valued at $262,993,507. Following these latest developments, around 0.30% of Plains All American Pipeline, L.P. stocks are owned by institutional investors and hedge funds.