Calamos Advisors LLC Buys 2,208 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Calamos Advisors LLC increased its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,994 shares of the oil and gas company's stock after acquiring an additional 2,208 shares during the period. Calamos Advisors LLC owned approximately 0.09% of Marathon Petroleum worth $40,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Buckley Wealth Management LLC lifted its stake in Marathon Petroleum by 0.5% during the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock worth $1,998,000 after purchasing an additional 75 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in Marathon Petroleum by 1.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock worth $928,000 after purchasing an additional 76 shares during the period. Intact Investment Management Inc. lifted its position in shares of Marathon Petroleum by 19.0% during the 4th quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company's stock worth $70,000 after buying an additional 80 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Marathon Petroleum by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,291 shares of the oil and gas company's stock worth $599,000 after buying an additional 84 shares during the period. Finally, Valmark Advisers Inc. lifted its position in shares of Marathon Petroleum by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock worth $554,000 after buying an additional 86 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MPC shares. Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a report on Monday, June 30th. Evercore ISI started coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Mizuho lifted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Scotiabank cut their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and an average target price of $176.13.

Marathon Petroleum Trading Down 1.4%

Shares of MPC stock traded down $2.46 on Friday, reaching $172.01. 1,135,939 shares of the stock were exchanged, compared to its average volume of 2,712,989. The stock has a market cap of $52.84 billion, a PE ratio of 24.19, a P/E/G ratio of 3.46 and a beta of 0.88. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The stock has a 50 day moving average price of $159.64 and a 200 day moving average price of $148.41.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. Equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

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.