Equities analysts expect that Marathon Petroleum Corp (NYSE:MPC) will post $21.13 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Marathon Petroleum’s earnings, with the lowest sales estimate coming in at $17.50 billion and the highest estimate coming in at $23.91 billion. Marathon Petroleum posted sales of $16.39 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Marathon Petroleum will report full-year sales of $21.13 billion for the current year, with estimates ranging from $66.46 billion to $109.91 billion. For the next year, analysts anticipate that the firm will post sales of $84.63 billion per share, with estimates ranging from $66.76 billion to $104.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Marathon Petroleum.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS.
Several research firms have recently issued reports on MPC. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, January 16th. Royal Bank of Canada reissued a “buy” rating and issued a $89.00 target price on shares of Marathon Petroleum in a research report on Tuesday, January 30th. Scotiabank reissued a “hold” rating and issued a $75.00 target price on shares of Marathon Petroleum in a research report on Wednesday, January 10th. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Citigroup reissued a “buy” rating and issued a $79.00 target price on shares of Marathon Petroleum in a research report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Marathon Petroleum currently has a consensus rating of “Buy” and a consensus price target of $74.08.
Marathon Petroleum (MPC) traded up $0.93 during trading hours on Wednesday, hitting $64.77. The stock had a trading volume of 3,420,000 shares, compared to its average volume of 3,970,000. The firm has a market cap of $31,630.00, a PE ratio of 20.24, a P/E/G ratio of 0.88 and a beta of 1.50. Marathon Petroleum has a twelve month low of $47.78 and a twelve month high of $73.53. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 2.84%. Marathon Petroleum’s dividend payout ratio is currently 50.00%.
In other Marathon Petroleum news, VP Raymond L. Brooks sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the sale, the vice president now directly owns 32,205 shares of the company’s stock, valued at approximately $2,005,083.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total value of $2,305,359.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,276 shares of company stock valued at $4,645,189. 1.05% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. American Beacon Advisors Inc. purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $116,000. Cerebellum GP LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $121,000. Crow Point Partners LLC purchased a new stake in Marathon Petroleum during the 3rd quarter valued at approximately $128,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the 3rd quarter valued at approximately $135,000. Finally, MHI Funds LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $189,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
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Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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