Wall Street brokerages expect Marathon Petroleum Corporation (NYSE:MPC) to announce $19.48 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Marathon Petroleum’s earnings. The lowest sales estimate is $17.50 billion and the highest is $22.16 billion. Marathon Petroleum posted sales of $17.28 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Marathon Petroleum will report full-year sales of $19.48 billion for the current fiscal year, with estimates ranging from $69.92 billion to $75.84 billion. For the next year, analysts forecast that the firm will report sales of $73.30 billion per share, with estimates ranging from $65.87 billion to $81.06 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group set a $65.00 price objective on shares of Marathon Petroleum and gave the stock a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $71.00 price objective on shares of Marathon Petroleum in a research note on Thursday, August 31st. Finally, Scotiabank reissued a “hold” rating and issued a $55.00 price objective on shares of Marathon Petroleum in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.54.

In other Marathon Petroleum news, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the sale, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders sold 102,028 shares of company stock worth $6,253,447 over the last ninety days. Corporate insiders own 1.05% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Good Life Advisors LLC boosted its holdings in shares of Marathon Petroleum by 0.5% in the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 35 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Marathon Petroleum by 0.6% in the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 36 shares in the last quarter. Warren Averett Asset Management LLC boosted its holdings in shares of Marathon Petroleum by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock valued at $646,000 after acquiring an additional 40 shares in the last quarter. Lee Financial Co boosted its holdings in shares of Marathon Petroleum by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 48 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC lifted its stake in shares of Marathon Petroleum by 1.2% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,058 shares of the oil and gas company’s stock valued at $265,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 80.83% of the company’s stock.

Shares of Marathon Petroleum (MPC) opened at $62.63 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The stock has a market cap of $30,389.01, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.59. Marathon Petroleum has a 12 month low of $44.60 and a 12 month high of $63.41.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, November 15th. Marathon Petroleum’s dividend payout ratio is currently 49.08%.

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

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