Equities research analysts expect that Marathon Petroleum Corp (NYSE:MPC) will post earnings per share of $0.67 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Marathon Petroleum’s earnings, with the highest EPS estimate coming in at $1.26 and the lowest estimate coming in at $0.21. Marathon Petroleum posted earnings of $0.06 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,016.7%. The business is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Marathon Petroleum will report full-year earnings of $5.05 per share for the current financial year, with EPS estimates ranging from $3.11 to $6.21. For the next financial year, analysts expect that the company will report earnings of $5.19 per share, with EPS estimates ranging from $2.57 to $6.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Marathon Petroleum.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results 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. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. The business had revenue of $21.24 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same period last year, the company earned $0.43 EPS. The firm’s revenue was up 22.9% on a year-over-year basis.
Several analysts recently commented on the company. Barclays reaffirmed a “buy” rating and set a $90.00 price objective on shares of Marathon Petroleum in a research note on Friday, February 16th. Goldman Sachs Group raised Marathon Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 13th. Citigroup reaffirmed a “buy” rating and set a $79.00 price objective on shares of Marathon Petroleum in a research note on Friday, February 2nd. Cowen reaffirmed an “outperform” rating and set a $90.00 price objective (up previously from $76.00) on shares of Marathon Petroleum in a research note on Thursday, February 1st. Finally, Scotiabank reaffirmed a “hold” rating and set a $75.00 price objective on shares of Marathon Petroleum in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $75.25.
Marathon Petroleum (NYSE MPC) traded up $0.19 during trading hours on Thursday, hitting $66.46. The stock had a trading volume of 4,135,719 shares, compared to its average volume of 4,100,000. Marathon Petroleum has a 1-year low of $47.78 and a 1-year high of $73.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The company has a market cap of $32,460.00, a price-to-earnings ratio of 20.77, a P/E/G ratio of 0.92 and a beta of 1.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.46 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 2.77%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 50.00%.
In other Marathon Petroleum news, VP C. Michael Palmer sold 17,298 shares of Marathon Petroleum stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total value of $1,116,585.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas M. Kelley sold 35,604 shares of Marathon Petroleum stock in a transaction dated 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. Insiders sold a total of 59,276 shares of company stock worth $3,835,809 in the last three months. Company insiders own 1.05% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC raised its stake in shares of Marathon Petroleum by 30.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock valued at $499,000 after purchasing an additional 2,069 shares during the period. Vaughan David Investments Inc. IL grew its holdings in shares of Marathon Petroleum by 12,827.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock valued at $9,405,000 after acquiring an additional 602,879 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Marathon Petroleum by 14.0% in the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock valued at $166,097,000 after acquiring an additional 362,600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Marathon Petroleum by 29.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 414,303 shares of the oil and gas company’s stock valued at $23,234,000 after acquiring an additional 95,386 shares in the last quarter. Finally, Eagle Ridge Investment Management bought a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $896,000. 80.66% of the stock is currently 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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