What is Scotiabank's Estimate for MPC FY2026 Earnings?

Marathon Petroleum Co. (NYSE:MPC - Free Report) - Stock analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for Marathon Petroleum in a research report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn $13.30 per share for the year, up from their previous forecast of $13.05. The consensus estimate for Marathon Petroleum's current full-year earnings is $8.47 per share.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.98 EPS.

Several other equities research analysts also recently weighed in on the company. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price target on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday. Raymond James raised their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, TD Cowen reaffirmed a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $180.21.

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Marathon Petroleum Price Performance

Shares of MPC traded down $0.63 during mid-day trading on Friday, reaching $149.33. The company had a trading volume of 993,154 shares, compared to its average volume of 2,874,254. The company's 50 day simple moving average is $149.04 and its 200 day simple moving average is $152.03. The company has a market capitalization of $46.52 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum has a 1-year low of $130.54 and a 1-year high of $221.11. 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds and other institutional investors have recently made changes to their positions in MPC. Fourth Dimension Wealth LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $27,000. True Wealth Design LLC grew its holdings in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after buying an additional 148 shares in the last quarter. Asset Planning Inc bought a new position in Marathon Petroleum during the 4th quarter valued at $28,000. Finally, Sierra Ocean LLC purchased a new position in Marathon Petroleum during the 4th quarter worth $31,000. 76.77% of the stock is owned by institutional investors.

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.