PGGM Investments Sells 1,205 Shares of Marathon Petroleum Co. (NYSE:MPC)

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

Several other hedge funds also recently bought and sold shares of MPC. Denali Advisors LLC bought a new position in Marathon Petroleum in the 3rd quarter worth $197,000. Valeo Financial Advisors LLC boosted its holdings in Marathon Petroleum by 3.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 7,155 shares of the oil and gas company’s stock worth $1,083,000 after buying an additional 213 shares during the period. Hemington Wealth Management bought a new position in Marathon Petroleum in the 3rd quarter worth $208,000. Reston Wealth Management LLC bought a new position in Marathon Petroleum in the 3rd quarter worth $203,000. Finally, Avestar Capital LLC purchased a new stake in Marathon Petroleum in the 3rd quarter worth $208,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.6 %

NYSE:MPC traded down $1.12 during mid-day trading on Friday, hitting $198.39. 1,954,070 shares of the stock traded hands, compared to its average volume of 2,218,313. The stock has a market capitalization of $71.49 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.61 and a beta of 1.52. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The firm’s 50 day moving average is $192.39 and its two-hundred day moving average is $166.94. 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 (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.65 EPS. On average, equities research analysts predict that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were 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 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 available at this link. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. Raymond James boosted their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Bank of America boosted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank upped their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, StockNews.com upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Company Profile

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.