Marathon Petroleum Corp (NYSE:MPC) – Stock analysts at Piper Jaffray Companies decreased their Q2 2019 earnings per share (EPS) estimates for shares of Marathon Petroleum in a note issued to investors on Wednesday, May 15th. Piper Jaffray Companies analyst B. Fernandez now anticipates that the oil and gas company will post earnings per share of $1.50 for the quarter, down from their prior estimate of $2.00. Piper Jaffray Companies also issued estimates for Marathon Petroleum’s FY2019 earnings at $4.18 EPS, Q1 2020 earnings at $0.94 EPS, Q2 2020 earnings at $2.42 EPS, Q3 2020 earnings at $2.92 EPS, Q4 2020 earnings at $1.40 EPS and FY2020 earnings at $7.67 EPS.

A number of other research firms also recently weighed in on MPC. Macquarie assumed coverage on shares of Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 target price on the stock. Raymond James reduced their target price on shares of Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Citigroup reduced their target price on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, March 4th. ValuEngine downgraded shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Morgan Stanley reduced their target price on shares of Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $86.27.

Marathon Petroleum stock opened at $52.86 on Friday. Marathon Petroleum has a twelve month low of $50.19 and a twelve month high of $88.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.55 and a current ratio of 1.20. The stock has a market capitalization of $33.92 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.35.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The business had revenue of $28.62 billion during the quarter, compared to the consensus estimate of $27.70 billion. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 50.7% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.01%. Marathon Petroleum’s dividend payout ratio is presently 31.27%.

In related news, CEO Gary R. Heminger sold 187,142 shares of Marathon Petroleum stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the transaction, the chief executive officer now directly owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Hanson McClain Inc. purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $25,000. Alpha Omega Wealth Management LLC boosted its position in Marathon Petroleum by 135.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 250 shares during the period. Certified Advisory Corp boosted its position in Marathon Petroleum by 71.2% in the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 198 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Finally, Berman Capital Advisors LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. 77.93% of the stock is owned by hedge funds and other institutional investors.

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, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

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

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