Scotiabank Expects Increased Earnings for Marathon Petroleum

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

Other equities analysts have also issued reports about the stock. Raymond James upped their price target on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Piper Sandler dropped their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. TD Cowen reissued a “buy” rating and set a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Mizuho dropped their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $182.27.

Marathon Petroleum Trading Down 1.5 %

Shares of NYSE:MPC opened at $149.62 on Friday. The stock has a 50 day moving average of $149.04 and a 200 day moving average of $152.32. The company has a market cap of $46.61 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum has a 12-month low of $130.54 and a 12-month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the previous year, the business earned $3.98 earnings per share. Marathon Petroleum’s quarterly revenue was down 9.1% compared to the same quarter last year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was acquired 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 owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Marathon Petroleum

Several hedge funds have recently bought and sold shares of MPC. True Wealth Design LLC boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 148 shares during the period. Fourth Dimension Wealth LLC bought a new position in Marathon Petroleum in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $33,000. Finally, Asset Planning Inc bought a new position in Marathon Petroleum in the fourth quarter worth approximately $28,000. Institutional investors own 76.77% of the company’s stock.

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.