Marathon Petroleum (MPC) Projected to Post Earnings on Tuesday

Marathon Petroleum (NYSE:MPC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $32,195,112.65 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.90. The business had revenue of $35.37 billion for the quarter, compared to analysts' expectations of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The business's revenue for the quarter was down 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $8.14 EPS. On average, analysts expect Marathon Petroleum to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Marathon Petroleum Price Performance

MPC stock traded down $3.23 during trading on Tuesday, reaching $149.37. 1,021,337 shares of the company were exchanged, compared to its average volume of 2,807,273. Marathon Petroleum has a 52-week low of $130.54 and a 52-week high of $221.11. The company has a market cap of $48.01 billion, a P/E ratio of 11.87, a PEG ratio of 2.88 and a beta of 1.42. The stock's 50 day moving average price is $147.03 and its 200 day moving average price is $158.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.44%. Marathon Petroleum's dividend payout ratio is currently 28.84%.

Marathon Petroleum announced that its board has initiated a stock buyback program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James lifted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 17th. Mizuho cut their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $186.00 to $182.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Citigroup cut their price objective on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Finally, Barclays decreased their target price on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.20.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company's stock, valued at approximately $911,124.90. This represents a 6,666.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Company Profile

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.