Geller Advisors LLC Trims Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Geller Advisors LLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,948 shares of the oil and gas company’s stock after selling 394 shares during the quarter. Geller Advisors LLC’s holdings in Marathon Petroleum were worth $272,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $27,000. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new position in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. lifted its position in Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $150.90 on Friday. The business has a fifty day simple moving average of $137.10 and a 200-day simple moving average of $145.16. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market cap of $47.01 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $184.72.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business 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 12.07% and a net margin of 2.45%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 EPS. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.41%. Marathon Petroleum’s dividend payout ratio is presently 36.66%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPC. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Scotiabank decreased their price target on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays reduced their price objective on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen boosted their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $172.93.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

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.