Marathon Petroleum Corporation (NYSE:MPC) – Research analysts at Jefferies Group lowered their Q1 2018 EPS estimates for Marathon Petroleum Corporation in a report released on Wednesday. Jefferies Group analyst C. Goldman now expects that the oil and gas company will earn ($0.02) per share for the quarter, down from their prior forecast of $0.03. Jefferies Group has a “Buy” rating and a $64.00 price target on the stock. Jefferies Group also issued estimates for Marathon Petroleum Corporation’s FY2018 earnings at $0.72 EPS, FY2019 earnings at $0.34 EPS, FY2020 earnings at $0.30 EPS and FY2021 earnings at $0.36 EPS.

Several other analysts also recently commented on MPC. Zacks Investment Research raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub raised Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. ValuEngine raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Scotiabank reaffirmed a “hold” rating and set a $55.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, September 1st. Finally, Wells Fargo & Company downgraded Marathon Petroleum Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $65.00 to $56.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average price target of $59.16.

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Marathon Petroleum Corporation (MPC) opened at 52.63 on Friday. Marathon Petroleum Corporation has a one year low of $39.29 and a one year high of $56.81. The stock has a market cap of $26.64 billion, a P/E ratio of 31.38 and a beta of 1.56. The stock’s 50 day moving average price is $53.23 and its 200-day moving average price is $51.95.

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 for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The business had revenue of $18.35 billion for the quarter, compared to analysts’ expectations of $19.98 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in MPC. BlackRock Inc. grew its holdings in shares of Marathon Petroleum Corporation by 2,779.4% in the 1st quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock valued at $2,836,372,000 after acquiring an additional 54,172,304 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Marathon Petroleum Corporation by 209.4% in the 1st quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock valued at $389,543,000 after acquiring an additional 5,216,764 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Marathon Petroleum Corporation by 312.4% in the 2nd quarter. Principal Financial Group Inc. now owns 3,947,936 shares of the oil and gas company’s stock valued at $206,595,000 after acquiring an additional 2,990,640 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Marathon Petroleum Corporation by 93.3% in the 2nd quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and gas company’s stock valued at $278,998,000 after acquiring an additional 2,572,727 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Marathon Petroleum Corporation by 8,254.8% in the 1st quarter. American Century Companies Inc. now owns 2,042,740 shares of the oil and gas company’s stock valued at $103,240,000 after acquiring an additional 2,018,290 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.

In other news, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.05% of the stock is owned by company insiders.

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 issued a $0.40 dividend. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.04%. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is presently 90.91%.

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.

Earnings History and Estimates for Marathon Petroleum Corporation (NYSE:MPC)

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