Hsbc Holdings PLC Buys 11,702 Shares of Marathon Petroleum Co. (NYSE:MPC)

Hsbc Holdings PLC raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 775,534 shares of the oil and gas company's stock after purchasing an additional 11,702 shares during the quarter. Hsbc Holdings PLC owned 0.24% of Marathon Petroleum worth $107,845,000 at the end of the most recent quarter.

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

Marathon Petroleum Price Performance

NYSE MPC traded up $0.53 on Tuesday, reaching $138.11. The company's stock had a trading volume of 398,127 shares, compared to its average volume of 2,704,631. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $138.29 and a 200 day moving average price of $145.93. The firm has a market cap of $43.03 billion, a PE ratio of 13.90, a price-to-earnings-growth 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 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 for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the previous year, the firm earned $3.98 EPS. Marathon Petroleum's quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MPC shares. Barclays cut their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Raymond James decreased their price objective 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 dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley decreased their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $174.21.

Insider Activity

In other news, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % 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.

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.