Marathon Petroleum (MPC) Scheduled to Post Quarterly Earnings on Tuesday

Marathon Petroleum (NYSE:MPC) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. Marathon Petroleum’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the business posted $6.65 EPS. On average, analysts expect Marathon Petroleum to post $19 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Marathon Petroleum Stock Up 1.0 %

Marathon Petroleum stock opened at $198.27 on Tuesday. Marathon Petroleum has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The firm has a market capitalization of $71.44 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. The stock’s fifty day moving average is $190.08 and its two-hundred day moving average is $165.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were paid a $0.825 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Bank of America upped their target price on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Scotiabank boosted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Mizuho increased their price objective on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.