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

Callan Family Office LLC acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,682 shares of the oil and gas company’s stock, valued at approximately $374,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Welch & Forbes LLC raised its holdings in shares of Marathon Petroleum by 3.6% in the fourth quarter. Welch & Forbes LLC now owns 12,278 shares of the oil and gas company’s stock valued at $1,713,000 after acquiring an additional 430 shares in the last quarter. Candriam S.C.A. raised its holdings in shares of Marathon Petroleum by 5.1% in the fourth quarter. Candriam S.C.A. now owns 27,677 shares of the oil and gas company’s stock valued at $3,861,000 after acquiring an additional 1,335 shares in the last quarter. Inceptionr LLC raised its holdings in shares of Marathon Petroleum by 17.8% in the fourth quarter. Inceptionr LLC now owns 8,466 shares of the oil and gas company’s stock valued at $1,181,000 after acquiring an additional 1,280 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Marathon Petroleum in the fourth quarter worth about $234,000. Finally, M&T Bank Corp raised its holdings in Marathon Petroleum by 4.4% in the fourth quarter. M&T Bank Corp now owns 34,809 shares of the oil and gas company’s stock worth $4,855,000 after purchasing an additional 1,460 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $136.22 on Tuesday. The business’s 50 day moving average price is $148.62 and its 200 day moving average price is $153.91. The firm has a market cap of $42.58 billion, a P/E ratio of 13.72, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating 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 firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the prior year, the firm earned $3.98 earnings per share. Marathon Petroleum’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 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 10th. Shareholders of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays reduced their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Finally, Mizuho reduced their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Marathon Petroleum Company 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.