Marathon Petroleum Corporation $MPC Shares Bought by ING Groep NV

ING Groep NV grew its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 52.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 61,242 shares of the oil and gas company’s stock after buying an additional 20,950 shares during the quarter. ING Groep NV’s holdings in Marathon Petroleum were worth $11,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Brighton Jones LLC boosted its position in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares in the last quarter. Woodline Partners LP boosted its holdings in Marathon Petroleum by 38.3% during the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after buying an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Marathon Petroleum by 26.6% during the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after buying an additional 466 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Marathon Petroleum by 4.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 81,818 shares of the oil and gas company’s stock worth $13,905,000 after buying an additional 3,237 shares during the period. Finally, MGO One Seven LLC increased its holdings in Marathon Petroleum by 18.3% in the second quarter. MGO One Seven LLC now owns 9,235 shares of the oil and gas company’s stock valued at $1,534,000 after buying an additional 1,427 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Mizuho boosted their target price on Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. UBS Group reissued a “buy” rating and issued a $221.00 target price on shares of Marathon Petroleum in a report on Friday, February 6th. Raymond James Financial lifted their price target on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Price Performance

NYSE:MPC opened at $208.54 on Thursday. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $209.40. The firm has a market cap of $62.69 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The company’s 50-day moving average is $178.42 and its two-hundred day moving average is $181.82. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.9%. Marathon Petroleum’s payout ratio is 29.96%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.