PGGM Investments Has $12.99 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

PGGM Investments decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,572 shares of the oil and gas company’s stock after selling 1,205 shares during the quarter. PGGM Investments’ holdings in Marathon Petroleum were worth $12,992,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MPC. Unique Wealth Strategies LLC bought a new position in Marathon Petroleum during the 4th quarter worth $650,000. Consolidated Planning Corp raised its position in Marathon Petroleum by 2.3% during the 4th quarter. Consolidated Planning Corp now owns 39,448 shares of the oil and gas company’s stock worth $5,852,000 after purchasing an additional 876 shares during the last quarter. Investment Partners LTD. raised its position in Marathon Petroleum by 8.6% during the 4th quarter. Investment Partners LTD. now owns 1,493 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 118 shares during the last quarter. Valmark Advisers Inc. raised its position in Marathon Petroleum by 3.8% during the 4th quarter. Valmark Advisers Inc. now owns 2,774 shares of the oil and gas company’s stock worth $412,000 after purchasing an additional 101 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Marathon Petroleum during the 4th quarter worth $3,799,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MPC shares. The Goldman Sachs Group raised their target price on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Mizuho lifted their price objective on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Bank of America lifted their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.77.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Stock Down 0.6 %

MPC stock traded down $1.12 during mid-day trading on Friday, reaching $198.39. 1,954,070 shares of the company traded hands, compared to its average volume of 2,218,313. The stock has a market cap of $71.49 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.61 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The firm’s 50 day moving average price is $192.39 and its 200 day moving average price is $166.94.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.65 EPS. As a group, equities research analysts predict that Marathon Petroleum Co. will post 20.49 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

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.