Banco Bilbao Vizcaya Argentaria S.A. Acquires 2,212 Shares of Marathon Petroleum Corporation $MPC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Marathon Petroleum Corporation by 2.3%, now holding 99,820 shares valued at approximately $14.54 million.
• Insider transactions reveal significant sales, including Director Kim K.W. Rucker selling 7,392 shares for over $1.29 million, indicating a 28.07% decrease in ownership.
• Marathon Petroleum announced a quarterly dividend of $0.91 per share, reflecting an annualized yield of 2.2%, with a payout ratio of 54.01%.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,820 shares of the oil and gas company's stock after purchasing an additional 2,212 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Marathon Petroleum were worth $14,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC raised its stake in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 201 shares during the period. Hughes Financial Services LLC purchased a new position in Marathon Petroleum during the first quarter worth approximately $32,000. Decker Retirement Planning Inc. raised its stake in Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Marathon Petroleum during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded up $5.5890 during trading on Friday, reaching $170.5290. The company had a trading volume of 1,733,969 shares, compared to its average volume of 1,667,704. The firm's fifty day moving average is $169.60 and its 200 day moving average is $154.56. The firm has a market capitalization of $51.84 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.00 and a beta of 0.90. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same period in the prior year, the business earned $4.12 earnings per share. The business's quarterly revenue was down 11.1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.1%. Marathon Petroleum's payout ratio is currently 54.01%.

Analyst Ratings Changes

A number of research firms have weighed in on MPC. Morgan Stanley increased their price target on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Evercore ISI assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price on the stock. Mizuho lifted their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Dbs Bank raised shares of Marathon Petroleum to a "moderate buy" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $185.29.

Insider Buying and Selling

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

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.