Calamos Advisors LLC reduced its position in Marathon Petroleum Corp (NYSE:MPC) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 473,748 shares of the oil and gas company’s stock after selling 675 shares during the quarter. Calamos Advisors LLC owned approximately 0.07% of Marathon Petroleum worth $28,354,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd lifted its position in shares of Marathon Petroleum by 73.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 19,007 shares of the oil and gas company’s stock valued at $1,520,000 after acquiring an additional 8,040 shares during the period. Greatmark Investment Partners Inc. lifted its position in shares of Marathon Petroleum by 347.8% during the 4th quarter. Greatmark Investment Partners Inc. now owns 38,530 shares of the oil and gas company’s stock valued at $2,274,000 after acquiring an additional 29,925 shares during the period. Kwmg LLC lifted its position in shares of Marathon Petroleum by 14.9% during the 4th quarter. Kwmg LLC now owns 32,755 shares of the oil and gas company’s stock valued at $1,933,000 after acquiring an additional 4,259 shares during the period. Barings LLC lifted its position in shares of Marathon Petroleum by 30.5% during the 4th quarter. Barings LLC now owns 51,550 shares of the oil and gas company’s stock valued at $3,042,000 after acquiring an additional 12,050 shares during the period. Finally, Investec Asset Management LTD lifted its position in shares of Marathon Petroleum by 452.8% during the 4th quarter. Investec Asset Management LTD now owns 492,095 shares of the oil and gas company’s stock valued at $29,039,000 after acquiring an additional 403,079 shares during the period. 79.41% of the stock is currently owned by institutional investors.
MPC has been the topic of a number of research reports. Citigroup dropped their target price on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Macquarie assumed coverage on shares of Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price objective on the stock. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. Morgan Stanley lowered their price objective on shares of Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, ValuEngine downgraded shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum presently has an average rating of “Buy” and an average target price of $90.93.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.43. The company had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, equities research analysts anticipate that Marathon Petroleum Corp will post 5.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.53 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.12 annualized dividend and a dividend yield of 3.54%. Marathon Petroleum’s dividend payout ratio is currently 31.27%.
In other news, CEO Gary R. Heminger sold 187,142 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $12,164,230.00. Following the completion of the sale, the chief executive officer now owns 434,166 shares in the company, valued at $28,220,790. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.
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About Marathon Petroleum
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
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