Wall Street analysts predict that Marathon Petroleum Corp (NYSE:MPC) will report sales of $21.13 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Marathon Petroleum’s earnings, with estimates ranging from $17.50 billion to $23.91 billion. Marathon Petroleum reported sales of $16.39 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The company is scheduled to issue its next 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 fiscal year, with estimates ranging from $62.93 billion to $109.91 billion. For the next financial year, analysts expect that the company will post sales of $84.20 billion per share, with estimates ranging from $64.59 billion to $104.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Marathon Petroleum.
Marathon Petroleum (NYSE:MPC) last posted 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 consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 22.9% compared to the same quarter last year.
Marathon Petroleum (MPC) traded up $0.73 during trading hours on Friday, hitting $64.79. 4,260,000 shares of the stock traded hands, compared to its average volume of 4,270,000. Marathon Petroleum has a one year low of $47.78 and a one year high of $73.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. The company has a market cap of $31,640.00, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.46 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, February 20th. Marathon Petroleum’s payout ratio is 48.29%.
In other Marathon Petroleum news, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.55, for a total value of $1,116,585.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.93, for a total transaction of $413,863.82. Following the completion of the transaction, the vice president now owns 74,674 shares in the company, valued at $4,848,582.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,276 shares of company stock worth $3,835,809. 1.05% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC boosted its position in Marathon Petroleum by 30.3% in the third quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock valued at $499,000 after buying an additional 2,069 shares in the last quarter. Vaughan David Investments Inc. IL boosted its position in Marathon Petroleum by 12,827.2% in the third 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 buying an additional 602,879 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Marathon Petroleum by 29.9% in the third 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 buying an additional 95,386 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in Marathon Petroleum in the third quarter valued at about $896,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Marathon Petroleum by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 975,944 shares of the oil and gas company’s stock valued at $64,392,000 after buying an additional 30,353 shares in the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.
About Marathon Petroleum
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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