Scotiabank Has Negative Estimate for MPC FY2025 Earnings

Marathon Petroleum Co. (NYSE:MPC) – Investment analysts at Scotiabank cut their FY2025 earnings per share estimates for shares of Marathon Petroleum in a research note issued on Sunday, April 13th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will post earnings of $8.00 per share for the year, down from their prior estimate of $8.45. Scotiabank currently has a “Sector Outperform” rating and a $147.00 target price on the stock. The consensus estimate for Marathon Petroleum’s current full-year earnings is $8.47 per share.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter last year, the firm posted $3.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis.

Several other equities research analysts have also issued reports on the company. Raymond James dropped their price target on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Barclays decreased their price target on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Piper Sandler reduced their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Marathon Petroleum Trading Up 1.5 %

NYSE MPC opened at $124.11 on Wednesday. The company has a market capitalization of $38.66 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $205.61. The company’s fifty day moving average price is $141.89 and its two-hundred day moving average price is $148.09.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price 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 trade represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MPC. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the 4th quarter valued at $27,000. Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. Finally, Cape Investment Advisory Inc. grew its stake in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

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.