Marathon Petroleum (MPC) to Release Quarterly 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.65 EPS. On average, analysts expect Marathon Petroleum to post $20 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Marathon Petroleum Stock Performance

MPC stock opened at $198.39 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum has a 1 year low of $104.32 and a 1 year high of $221.11. The company has a market cap of $71.49 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. The stock’s fifty day moving average price is $192.39 and its 200-day moving average price is $167.07.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Insider Activity at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MPC. Barclays lifted their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Bank of America raised their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Raymond James boosted their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. Finally, TD Cowen raised their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

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.