Marathon Petroleum Corporation $MPC Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,083 shares of the oil and gas company’s stock after selling 20,851 shares during the quarter. Calamos Advisors LLC owned 0.09% of Marathon Petroleum worth $106,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Marathon Petroleum in the 2nd quarter worth $6,648,958,000. Bank of New York Mellon Corp acquired a new position in shares of Marathon Petroleum during the second quarter valued at about $1,029,611,000. Bank of America Corp DE bought a new position in Marathon Petroleum during the second quarter valued at about $621,832,000. Legal & General Group Plc bought a new position in Marathon Petroleum during the second quarter valued at about $380,745,000. Finally, Deutsche Bank AG acquired a new position in Marathon Petroleum in the 2nd quarter valued at approximately $280,761,000. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MPC shares. Weiss Ratings raised Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Raymond James Financial upped their target price on Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $433.00 target price on shares of Marathon Petroleum in a research report on Sunday, October 11th. Morgan Stanley lifted their price target on shares of Marathon Petroleum from $453.00 to $458.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Evercore set a $330.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $425.12.

Insider Transactions at Marathon Petroleum

In related news, insider Molly Benson sold 17,196 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by insiders.

Key Stories Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: A Zacks analysis said MPC could benefit from refinery outages, tight fuel inventories and cheaper heavy crude, which may support refining margins and further upside for the shares. Article: 3 Refining Stocks That Have Doubled in 2026: What’s Next?
• Positive Sentiment: Piper Sandler raised its price target from $462 to $466 and maintained an Overweight rating, signaling continued analyst confidence. Piper Sandler stock recommendations
• Neutral Sentiment: MPC’s $4.2 billion sale of its St. Paul Park and Mandan refineries and related marketing business is intended to fund a greater Gulf Coast focus, including investments to increase diesel output, crude throughput and premium gasoline exports. The shift could improve returns, though it also means selling operating assets. Article: Can MPC’s Gulf Coast Focus Fuel Stronger Future Refining Returns?
• Negative Sentiment: MarketWatch reported that MPC shares underperformed competitors Friday, pointing to relative weakness, although the report’s headline did not specify a cause. Article: Marathon Petroleum Corp. stock underperforms Friday when compared to competitors
• Negative Sentiment: ETFs were net sellers of MPC on Wednesday, selling about $20.1 million in shares despite more funds buying than selling. Article: ETFs Are Net Sellers of Marathon Petroleum (MPC) on Wednesday

Marathon Petroleum Price Performance

Shares of MPC traded down $4.84 during mid-day trading on Friday, reaching $372.48. The company had a trading volume of 2,478,500 shares, compared to its average volume of 2,065,560. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The company’s 50-day moving average is $421.69 and its 200-day moving average is $295.35. The company has a market capitalization of $108.74 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.11 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, beating analysts’ consensus estimates of $25.37 by $1.56. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm had revenue of $56.03 billion for the quarter, compared to analysts’ expectations of $46.60 billion. During the same period in the prior year, the business posted $3.01 earnings per share. The business’s revenue was up 57.6% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 64.78 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.