Marathon Petroleum Corp. (MPC) Scheduled to Post Earnings on Wednesday
Marathon Petroleum Corp. (NYSE:MPC) is set to release its earnings data on Wednesday, January 29th. Parties that wish to register for the company’s conference call can do so using this link.
Marathon Petroleum Corp. (NYSE:MPC) last announced its earnings results on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.02. The company had revenue of $26.27 billion for the quarter, compared to the consensus estimate of $21.37 billion. During the same quarter last year, the company posted $3.31 earnings per share. Marathon Petroleum Corp.’s revenue was up 23.6% compared to the same quarter last year. On average, analysts expect Marathon Petroleum Corp. to post $5.80 EPS for the current fiscal year and $9.02 EPS for the next fiscal year.
Shares of Marathon Petroleum Corp. (NYSE:MPC) opened at 83.50 on Tuesday. Marathon Petroleum Corp. has a 52-week low of $61.32 and a 52-week high of $92.73. The stock has a 50-day moving average of $87.41 and a 200-day moving average of $75.55. The company has a market cap of $25.136 billion and a P/E ratio of 12.11.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Wednesday, February 19th will be given a dividend of 0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.01%.
A number of analysts have recently weighed in on MPC shares. Analysts at Zacks upgraded shares of Marathon Petroleum Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $93.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Marathon Petroleum Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $81.00 price target on the stock, up previously from $67.00. Finally, analysts at Barclays raised their price target on shares of Marathon Petroleum Corp. from $105.00 to $115.00 in a research note to investors on Friday, December 6th. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $93.86.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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