Marathon Petroleum (MPC) Scheduled to Post Quarterly Earnings on Tuesday

Marathon Petroleum (NYSE:MPC - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $3.20 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.32 earnings per share. On average, analysts expect Marathon Petroleum to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $5.79 during trading hours on Tuesday, reaching $145.28. The company's stock had a trading volume of 2,826,036 shares, compared to its average volume of 2,673,566. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The company has a market capitalization of $51.19 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 3.03 and a beta of 1.37. The firm's 50 day simple moving average is $164.28 and its 200-day simple moving average is $172.38.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 16.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MPC shares. Scotiabank reduced their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. TD Cowen raised their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a report on Monday, September 9th. Tudor Pickering downgraded Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 9th. Finally, Mizuho reduced their price objective on Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $187.00.

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.