Marathon Petroleum Corporation (NYSE:MPC) – Analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Marathon Petroleum Corporation in a report issued on Monday. Jefferies Group analyst C. Goldman anticipates that the oil and gas company will earn $0.03 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for Marathon Petroleum Corporation’s FY2018 earnings at $0.92 EPS.

Several other research analysts have also issued reports on MPC. US Capital Advisors restated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $62.00 price target on shares of Marathon Petroleum Corporation in a report on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price target on shares of Marathon Petroleum Corporation in a report on Thursday, June 1st. BidaskClub lowered Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Marathon Petroleum Corporation currently has a consensus rating of “Buy” and an average target price of $59.30.

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Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at 52.52 on Tuesday. Marathon Petroleum Corporation has a 1-year low of $39.29 and a 1-year high of $56.81. The firm’s 50-day moving average is $53.66 and its 200 day moving average is $51.79. The stock has a market capitalization of $26.59 billion, a P/E ratio of 31.32 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business had revenue of $18.35 billion for the quarter, compared to analysts’ expectations of $19.98 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Marathon Petroleum Corporation’s quarterly revenue was up 9.3% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC increased its position in shares of Marathon Petroleum Corporation by 9.8% in the second quarter. Lord Abbett & CO. LLC now owns 211,000 shares of the oil and gas company’s stock worth $11,042,000 after buying an additional 18,900 shares during the last quarter. Navellier & Associates Inc acquired a new position in shares of Marathon Petroleum Corporation during the second quarter worth about $2,911,000. Sentry Investment Management LLC increased its position in shares of Marathon Petroleum Corporation by 4.0% in the second quarter. Sentry Investment Management LLC now owns 41,266 shares of the oil and gas company’s stock worth $2,159,000 after buying an additional 1,591 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Marathon Petroleum Corporation by 22.8% in the second quarter. Toronto Dominion Bank now owns 179,838 shares of the oil and gas company’s stock worth $9,410,000 after buying an additional 33,384 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Marathon Petroleum Corporation by 13.6% in the second quarter. Cetera Investment Advisers now owns 9,693 shares of the oil and gas company’s stock worth $504,000 after buying an additional 1,157 shares during the last quarter. 78.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.05% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a $0.40 dividend. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. Marathon Petroleum Corporation’s payout ratio is 90.91%.

Marathon Petroleum Corporation 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.

Earnings History and Estimates for Marathon Petroleum Corporation (NYSE:MPC)

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