Marathon Petroleum (MPC) Set to Announce Earnings on Tuesday

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

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The business 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%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.65 earnings per share. On average, analysts expect Marathon Petroleum to post $20 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $198.39 on Friday. The company has a market cap of $71.49 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.62 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. Marathon Petroleum has a 52 week low of $104.32 and a 52 week high of $221.11. The business has a fifty day simple moving average of $192.39 and a 200-day simple moving average of $166.94.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James lifted their target price on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Scotiabank lifted their target price on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. TD Cowen lifted their target price on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Barclays lifted their target price on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group lifted their target price on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Five research 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Company Profile

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.