US Capital Advisors Weighs in on Marathon Petroleum Corporation’s Q3 2017 Earnings (MPC)
Marathon Petroleum Corporation (NYSE:MPC) – Equities research analysts at US Capital Advisors cut their Q3 2017 EPS estimates for shares of Marathon Petroleum Corporation in a research note issued to investors on Thursday. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will earn $0.87 per share for the quarter, down from their prior estimate of $1.09. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Marathon Petroleum Corporation’s Q4 2017 earnings at $0.40 EPS, Q1 2018 earnings at ($0.16) EPS and Q4 2018 earnings at $0.21 EPS.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a research note on Thursday, June 1st. Credit Suisse Group restated a “buy” rating and set a $64.00 price target on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $62.00 price target on shares of Marathon Petroleum Corporation in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.62.
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Shares of Marathon Petroleum Corporation (MPC) opened at 50.11 on Monday. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81. The company’s 50 day moving average price is $54.03 and its 200-day moving average price is $51.70. The company has a market capitalization of $25.37 billion, a price-to-earnings ratio of 29.88 and a beta of 1.56.
Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Marathon Petroleum Corporation’s revenue was up 9.3% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a $0.40 dividend. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, August 14th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is presently 90.91%.
In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP C. Michael Palmer sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total value of $213,000.00. Following the completion of the sale, the vice president now owns 61,757 shares in the company, valued at $3,288,560.25. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of MPC. Blue Chip Partners Inc. acquired a new stake in Marathon Petroleum Corporation during the second quarter worth $100,000. Guardian Life Insurance Co. of America boosted its stake in Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock worth $103,000 after buying an additional 14 shares in the last quarter. FTB Advisors Inc. boosted its stake in Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,697 shares in the last quarter. Lee Financial Co boosted its stake in Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after buying an additional 570 shares in the last quarter. Institutional investors own 81.36% of the company’s stock.
Marathon Petroleum Corporation Company Profile
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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