Voya Investment Management LLC Cuts Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Voya Investment Management LLC reduced its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.22% of Marathon Petroleum worth $96,561,000 as of its most recent SEC filing.

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

Marathon Petroleum Trading Up 0.1 %

NYSE:MPC traded up $0.14 during mid-day trading on Monday, hitting $137.58. 1,868,350 shares of the company's stock were exchanged, compared to its average volume of 2,713,743. The company has a 50 day simple moving average of $138.67 and a 200-day simple moving average of $146.12. The firm has a market capitalization of $42.86 billion, a P/E ratio of 13.85, a PEG ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $201.36. 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 (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The firm 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%. During the same period in the previous year, the business earned $3.98 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MPC shares. Scotiabank reduced their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Raymond James cut their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $174.21.

Insider Activity

In other news, Director Evan Bayh bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum 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.