ING Groep NV Raises Stock Position in Marathon Petroleum Co. (NYSE:MPC)

ING Groep NV boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 784,016 shares of the oil and gas company's stock after purchasing an additional 83,587 shares during the quarter. Marathon Petroleum comprises about 0.7% of ING Groep NV's portfolio, making the stock its 23rd biggest position. ING Groep NV owned 0.24% of Marathon Petroleum worth $109,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gladius Capital Management LP purchased a new position in shares of Marathon Petroleum in the 3rd quarter valued at $26,000. MeadowBrook Investment Advisors LLC boosted its position in Marathon Petroleum by 88.9% during the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC grew its stake in Marathon Petroleum by 672.7% in the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Asset Planning Inc bought a new position in Marathon Petroleum in the fourth quarter worth about $28,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Marathon Petroleum during the third quarter valued at about $30,000. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other news, Director Jeffrey C. Campbell purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average cost of $149.61 per share, with a total value of $897,660.00. Following the completion of the acquisition, the director now owns 6,090 shares of the company's stock, valued at approximately $911,124.90. This represents a 6,666.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $1.27 during midday trading on Monday, reaching $152.47. The company's stock had a trading volume of 1,709,524 shares, compared to its average volume of 2,802,539. The firm has a market capitalization of $49.00 billion, a PE ratio of 15.44, a P/E/G ratio of 3.11 and a beta of 1.41. The stock has a fifty day moving average of $146.72 and a 200 day moving average of $156.40. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $3.98 EPS. On average, equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum announced that its board has initiated a stock repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.39%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Analysts Set New Price Targets

Several research analysts recently commented on MPC shares. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. TD Cowen reaffirmed a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Mizuho decreased their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $181.27.

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.