Equities research analysts expect that Marathon Petroleum Corporation (NYSE:MPC) will report earnings per share of $1.04 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Marathon Petroleum’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $1.27. Marathon Petroleum reported earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 141.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Marathon Petroleum will report full year earnings of $3.83 per share for the current financial year, with EPS estimates ranging from $3.24 to $4.08. For the next financial year, analysts expect that the company will post earnings of $3.82 per share, with EPS estimates ranging from $1.04 to $5.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. During the same quarter last year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year.

Several equities analysts have commented on MPC shares. Edward Jones raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Jefferies Group reissued a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of Marathon Petroleum in a research report on Wednesday, September 6th. Royal Bank of Canada reissued a “buy” rating and set a $71.00 target price on shares of Marathon Petroleum in a research report on Thursday, August 31st. ValuEngine raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $66.25.

In related news, VP C. Michael Palmer sold 17,298 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $64.55, for a total value of $1,116,585.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,854 shares of company stock valued at $9,482,177. 1.05% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Blue Chip Partners Inc. purchased a new position in Marathon Petroleum in the 2nd quarter valued at approximately $100,000. Crow Point Partners LLC purchased a new position in Marathon Petroleum in the 3rd quarter valued at approximately $128,000. First Interstate Bank grew its stake in Marathon Petroleum by 81.1% in the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 1,064 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 3rd quarter valued at approximately $135,000. Finally, ClariVest Asset Management LLC purchased a new position in Marathon Petroleum in the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 80.61% of the company’s stock.

Marathon Petroleum (MPC) traded down $1.26 during trading on Friday, hitting $64.75. 4,367,500 shares of the company’s stock traded hands, compared to its average volume of 4,354,570. Marathon Petroleum has a 1 year low of $46.88 and a 1 year high of $66.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. The company has a market cap of $32,240.09, a PE ratio of 20.06, a P/E/G ratio of 1.62 and a beta of 1.61.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.47%. Marathon Petroleum’s payout ratio is currently 49.08%.

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Marathon Petroleum 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.

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

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