Banco Bilbao Vizcaya Argentaria S.A. Sells 7,085 Shares of Marathon Petroleum Corporation $MPC

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,735 shares of the oil and gas company’s stock after selling 7,085 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Marathon Petroleum were worth $15,408,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Marathon Petroleum by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock valued at $5,090,611,000 after buying an additional 3,834,501 shares in the last quarter. Wellington Management Group LLP increased its holdings in Marathon Petroleum by 18.7% in the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after acquiring an additional 1,862,674 shares in the last quarter. Geode Capital Management LLC raised its stake in Marathon Petroleum by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after acquiring an additional 1,033,645 shares during the period. Boston Partners lifted its holdings in Marathon Petroleum by 13.0% during the second quarter. Boston Partners now owns 6,155,996 shares of the oil and gas company’s stock valued at $1,023,110,000 after purchasing an additional 707,482 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Marathon Petroleum by 6.3% in the first quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company’s stock worth $879,608,000 after purchasing an additional 355,215 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC opened at $199.91 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.30. The business has a 50 day simple moving average of $189.65 and a two-hundred day simple moving average of $174.02. The stock has a market capitalization of $60.09 billion, a PE ratio of 21.31, a P/E/G ratio of 3.77 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio is 38.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MPC shares. TD Cowen lowered their target price on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Raymond James Financial set a $200.00 price objective on Marathon Petroleum in a research report on Tuesday, November 4th. Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Morgan Stanley boosted their price target on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus target price of $200.69.

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.