Marathon Petroleum (MPC) Set to Announce Earnings on Tuesday

Marathon Petroleum (NYSE:MPC) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Marathon Petroleum to post earnings of $2.04 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter last year, the firm posted $6.65 EPS. The business’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts expect Marathon Petroleum to post $19 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Marathon Petroleum Stock Up 1.0 %

MPC stock opened at $198.27 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The company has a 50-day moving average of $190.08 and a two-hundred day moving average of $165.60. The stock has a market capitalization of $71.44 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. Marathon Petroleum has a 52-week low of $104.32 and a 52-week high of $221.11.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MPC. Mizuho boosted their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Citigroup began coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. JPMorgan Chase & Co. lifted their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, Bank of America upped their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $193.77.

About Marathon Petroleum

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.