Marathon Petroleum Corp (NYSE:MPC) – Investment analysts at Piper Jaffray Companies decreased their Q1 2019 earnings per share (EPS) estimates for shares of Marathon Petroleum in a report issued on Tuesday, February 19th. Piper Jaffray Companies analyst B. Fernandez now expects that the oil and gas company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.80. Piper Jaffray Companies has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for Marathon Petroleum’s Q2 2019 earnings at $2.06 EPS, FY2019 earnings at $5.59 EPS, Q2 2020 earnings at $2.66 EPS, Q3 2020 earnings at $3.20 EPS, Q4 2020 earnings at $1.51 EPS and FY2020 earnings at $8.38 EPS.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.43. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The firm had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $34.16 billion. During the same period last year, the firm earned $1.05 EPS. The company’s quarterly revenue was up 53.2% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on the company. Macquarie assumed coverage on Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 price objective on the stock. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Standpoint Research assumed coverage on Marathon Petroleum in a report on Wednesday, December 26th. They issued an “accumulate” rating on the stock. Cowen reiterated an “outperform” rating and issued a $101.00 price objective (up from $87.00) on shares of Marathon Petroleum in a report on Thursday, December 6th. They noted that the move was a valuation call. Finally, Citigroup lowered their price objective on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $92.41.
MPC stock opened at $65.11 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65. Marathon Petroleum has a 12-month low of $54.29 and a 12-month high of $88.45. The stock has a market capitalization of $44.91 billion, a P/E ratio of 9.60, a PEG ratio of 0.67 and a beta of 1.36.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPC. Hanson McClain Inc. purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $25,000. Certified Advisory Corp raised its position in Marathon Petroleum by 71.2% in the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 198 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Claybrook Capital LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. 67.55% of the stock is currently owned by institutional investors and hedge funds.
In other Marathon Petroleum news, Director Steven A. Davis bought 3,500 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were acquired at an average cost of $62.14 per share, with a total value of $217,490.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.09% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 31.27%.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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