Marathon Petroleum Corporation (MPC) to Issue Quarterly Dividend of $1.00 on December 10th

Marathon Petroleum Corporation (NYSE:MPC) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.00 per share by the oil and gas company on Thursday, December 10th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 18th.

Marathon Petroleum has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Marathon Petroleum has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Marathon Petroleum to earn $66.21 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 6.0%.

Marathon Petroleum Stock Performance

MPC stock opened at $433.30 on Friday. The company has a market capitalization of $126.50 billion, a P/E ratio of 14.90, a PEG ratio of 0.12 and a beta of 0.54. The company has a 50-day simple moving average of $416.08 and a 200 day simple moving average of $288.43. Marathon Petroleum has a fifty-two week low of $161.93 and a fifty-two week high of $493.98. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the prior year, the firm posted $3.96 EPS. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum will post 64.12 earnings per share for the current fiscal year.

Key Stories Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum raised its quarterly dividend 10% to $1.10 per share, payable Dec. 10 to shareholders of record Nov. 18. The increase signals confidence in cash generation and strengthens the shareholder-return case. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: David E. Constable, former Fluor chief executive, was elected to Marathon Petroleum’s board effective March 1, 2027. Coverage views his industrial, operational and capital-allocation experience as a potential governance and strategic benefit. David Constable to join Marathon Petroleum Corporation Board of Directors
• Positive Sentiment: Analysts and Zacks commentary highlight strong refining performance, higher earnings estimates, attractive valuation metrics and shareholder returns. MPC’s PEG ratio in the supplied data is just 0.12, supporting the view that the stock may still offer value despite its sharp advance. MPC Stock Gains on Refining Strength
• Neutral Sentiment: Investors are focused on third-quarter results due Nov. 3. Forecasts for earnings and key operating metrics have risen, creating potential for a further gain if MPC beats expectations, but also increasing the risk of a “sell the news” reaction.
• Neutral Sentiment: Several reports describe MPC as discounted or a smart buy ahead of earnings, while international price-target updates have also moved higher. These are analyst opinions rather than new company fundamentals.
• Negative Sentiment: ETFs were net sellers of MPC on Oct. 27, indicating some short-term institutional outflows. ETFs Are Net Sellers of Marathon Petroleum
• Negative Sentiment: Refiner stocks recently suffered a broad selloff, and analysts warn that weaker gasoline markets, pressured refining margins and the stock’s 171% year-to-date advance could make MPC vulnerable to an earnings disappointment or profit-taking. Marathon Petroleum’s Nov. 3 Earnings Red Flags

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.