Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the 4th quarter valued at approximately $27,000. Asset Planning Inc bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth $31,000. Cape Investment Advisory Inc. raised its holdings in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Marathon Petroleum during the fourth quarter valued at $44,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

MPC stock traded up $0.14 during midday trading on Monday, reaching $137.58. The stock had a trading volume of 1,868,350 shares, compared to its average volume of 2,713,743. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a fifty day simple moving average of $138.67 and a two-hundred day simple moving average of $146.12. The stock has a market cap of $42.86 billion, a PE ratio of 13.85, a P/E/G ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $201.36.

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. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of 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 disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of analyst reports. Raymond James dropped their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Scotiabank lowered their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut 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 report on Friday, April 11th. Finally, Piper Sandler decreased 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.21.

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.