Equities analysts expect Marathon Petroleum Corp (NYSE:MPC) to post sales of $19.52 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued 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 during the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is expected to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Marathon Petroleum will report full-year sales of $19.52 billion for the current year, with estimates ranging from $69.33 billion to $75.84 billion. For the next fiscal year, analysts forecast that the firm will post sales of $72.90 billion per share, with estimates ranging from $64.26 billion to $81.06 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.29. The company had revenue of $19.36 billion for 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%. Marathon Petroleum’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS.

Several research firms have recently commented on MPC. Credit Suisse Group began coverage on shares of Marathon Petroleum in a report on Wednesday. They issued an “outperform” rating and a $83.00 price objective on the stock. ValuEngine raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. UBS Group downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and upped their price objective for the company from $63.00 to $65.00 in a report on Sunday, November 26th. Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Barclays upped their price objective on shares of Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.83.

Marathon Petroleum (NYSE:MPC) traded up $0.07 during trading hours on Friday, reaching $68.68. 3,156,400 shares of the company’s stock traded hands, compared to its average volume of 3,685,400. The stock has a market cap of $33,680.00, a P/E ratio of 21.46, a PEG ratio of 1.24 and a beta of 1.62. Marathon Petroleum has a 12 month low of $46.88 and a 12 month high of $69.06. 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 also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, November 15th. Marathon Petroleum’s dividend payout ratio is currently 50.00%.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $4,848,582.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,854 shares of company stock valued at $9,482,177. Company insiders own 1.05% of the company’s stock.

A number of large investors have recently bought and sold shares of MPC. Crow Point Partners LLC acquired a new position in Marathon Petroleum during the third quarter worth $128,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the third quarter worth $135,000. YorkBridge Wealth Partners LLC raised its position in Marathon Petroleum by 7.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 200 shares during the period. Captrust Financial Advisors acquired a new position in Marathon Petroleum during the second quarter worth $173,000. Finally, BB&T Investment Services Inc. raised its position in Marathon Petroleum by 118.2% during the third quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 1,659 shares during the period. Institutional investors own 80.61% of the company’s stock.

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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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