Banco Bilbao Vizcaya Argentaria S.A. Has $13.60 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,608 shares of the oil and gas company’s stock after selling 2,453 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Marathon Petroleum were worth $13,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Adage Capital Partners GP L.L.C. increased its stake in Marathon Petroleum by 11.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 285,260 shares of the oil and gas company’s stock worth $39,794,000 after purchasing an additional 29,800 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of Marathon Petroleum by 55.6% during the fourth quarter. Dark Forest Capital Management LP now owns 2,928 shares of the oil and gas company’s stock worth $408,000 after acquiring an additional 1,046 shares in the last quarter. Quantessence Capital LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $3,790,000. Yaupon Capital Management LP acquired a new position in Marathon Petroleum in the 4th quarter worth $31,417,000. Finally, Hsbc Holdings PLC increased its holdings in Marathon Petroleum by 1.5% during the 4th quarter. Hsbc Holdings PLC now owns 775,534 shares of the oil and gas company’s stock worth $107,845,000 after purchasing an additional 11,702 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

NYSE:MPC opened at $137.62 on Friday. 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 Co. has a 12-month low of $115.10 and a 12-month high of $201.36. The stock’s 50 day moving average price is $139.10 and its two-hundred day moving average price is $146.52. The firm has a market capitalization of $42.87 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 3.11 and a beta of 1.04.

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

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.64%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MPC shares. Barclays reduced their price objective on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Raymond James reduced their price target on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a 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 note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.21.

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.