Callan Family Office LLC Takes $374,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Callan Family Office LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,682 shares of the oil and gas company's stock, valued at approximately $374,000.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Marathon Petroleum by 1.8% during the third quarter. Assetmark Inc. now owns 47,358 shares of the oil and gas company's stock valued at $7,715,000 after buying an additional 846 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Marathon Petroleum by 13.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 10,630 shares of the oil and gas company's stock worth $1,731,000 after buying an additional 1,288 shares during the period. Covestor Ltd lifted its position in shares of Marathon Petroleum by 44.8% during the 3rd quarter. Covestor Ltd now owns 294 shares of the oil and gas company's stock valued at $48,000 after buying an additional 91 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Marathon Petroleum by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 10,259 shares of the oil and gas company's stock valued at $1,671,000 after acquiring an additional 444 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in Marathon Petroleum by 4.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 68,825 shares of the oil and gas company's stock worth $11,212,000 after acquiring an additional 3,032 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have recently commented on MPC shares. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Raymond James raised their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Mizuho lowered their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, TD Cowen reaffirmed a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.13.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was 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 currently owned by corporate insiders.

Marathon Petroleum Trading Up 3.1 %

MPC stock traded up $4.21 during midday trading on Friday, reaching $141.23. 1,708,270 shares of the company traded hands, compared to its average volume of 2,503,908. The firm has a market capitalization of $44.15 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The business has a 50 day moving average of $148.39 and a 200-day moving average of $153.39. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period last year, the company earned $3.98 earnings per share. Marathon Petroleum's revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.58%. Marathon Petroleum's payout ratio is 36.66%.

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.