Calamos Advisors LLC Sells 3,218 Shares of Marathon Petroleum Co. (NYSE:MPC)

Calamos Advisors LLC lowered its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,944 shares of the oil and gas company’s stock after selling 3,218 shares during the period. Calamos Advisors LLC owned approximately 0.10% of Marathon Petroleum worth $55,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. Gleason Group Inc. grew its position in Marathon Petroleum by 75.2% in the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 82 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Marathon Petroleum during the 4th quarter worth $40,000. Mascoma Wealth Management LLC purchased a new position in shares of Marathon Petroleum during the 3rd quarter worth $43,000. Finally, Peoples Bank KS purchased a new position in shares of Marathon Petroleum during the 3rd quarter worth $44,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of analyst reports. Raymond James lifted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group lifted their price target on shares of Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Bank of America lifted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Mizuho boosted their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Trading Down 3.7 %

NYSE MPC traded down $7.44 on Thursday, reaching $195.02. 2,689,801 shares of the company were exchanged, compared to its average volume of 2,849,156. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The business’s fifty day moving average price is $188.46 and its 200 day moving average price is $164.38. The stock has a market capitalization of $70.27 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.65 earnings per share. Analysts forecast that Marathon Petroleum Co. will post 17.53 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 11th. Shareholders of record on Wednesday, February 21st were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Marathon Petroleum 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.