Voya Investment Management LLC Has $96.56 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Voya Investment Management LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692,194 shares of the oil and gas company’s stock after selling 21,768 shares during the quarter. Voya Investment Management LLC owned about 0.22% of Marathon Petroleum worth $96,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. Virtu Financial LLC increased its stake in shares of Marathon Petroleum by 13.3% in the 3rd quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 515 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Marathon Petroleum during the third quarter valued at about $823,000. Stock Yards Bank & Trust Co. boosted its position in shares of Marathon Petroleum by 1.0% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company’s stock worth $1,961,000 after purchasing an additional 116 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Marathon Petroleum by 4,227.5% in the 3rd quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company’s stock valued at $11,364,000 after buying an additional 68,147 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in Marathon Petroleum by 747.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock valued at $3,466,000 after buying an additional 18,764 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

MPC has been the subject of a number of research reports. Barclays reduced their price objective on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Raymond James lowered their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.21.

Marathon Petroleum Stock Up 2.5 %

Shares of NYSE MPC opened at $137.62 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $201.36. The firm has a market capitalization of $42.87 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.11 and a beta of 1.04. The business has a 50-day moving average of $139.10 and a 200-day moving average of $146.52.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. During the same period last year, the business earned $3.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.