Marathon Petroleum Corp (NYSE:MPC) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.53 per share by the oil and gas company on Tuesday, December 10th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, November 19th.
NYSE MPC opened at $64.69 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.62 and a current ratio of 1.25. The firm’s 50 day moving average price is $64.17 and its 200-day moving average price is $55.12. Marathon Petroleum has a 52-week low of $43.96 and a 52-week high of $69.65. The company has a market cap of $41.85 billion, a PE ratio of 11.35, a P/E/G ratio of 1.54 and a beta of 1.70.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.33. Marathon Petroleum had a net margin of 2.50% and a return on equity of 8.94%. The firm had revenue of $31.20 billion for the quarter, compared to the consensus estimate of $32.89 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, analysts forecast that Marathon Petroleum will post 4.19 earnings per share for the current fiscal year.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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