Marathon Petroleum (MPC) Set to Announce Earnings on Tuesday

Marathon Petroleum (NYSE:MPC) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.04 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. During the same quarter last year, the company earned $6.65 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis. 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 Stock Down 0.6 %

NYSE MPC opened at $198.39 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The firm has a 50-day simple moving average of $192.39 and a 200 day simple moving average of $166.94. Marathon Petroleum has a twelve month low of $104.32 and a twelve month high of $221.11. The stock has a market cap of $71.49 billion, a PE ratio of 8.43, a PEG ratio of 1.62 and a beta of 1.52.

Marathon Petroleum Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MPC shares. Mizuho increased their price target on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Scotiabank increased their price target on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Piper Sandler increased their price target on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating for the company. Finally, Barclays increased their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

About Marathon Petroleum

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.