Scotiabank Analysts Increase Earnings Estimates for MPC

Key Points

• Scotiabank raised its FY2026 EPS estimate for Marathon Petroleum to $19.90 (from $13.60), maintained a "Sector Outperform" rating with a $210 target, and forecasted FY2027 EPS of $23.05.
• Marathon Petroleum recently reported quarterly EPS of $4.07, beating the $3.73 consensus, and revenue of $32.57 billion, topping estimates of $30.89 billion.
• The market consensus shows a full-year EPS of $23.42 and a consensus target price of $241.81, with most analysts rating the stock a buy or hold (1 Strong Buy, 10 Buy, 8 Hold).

Marathon Petroleum Corporation (NYSE:MPC - Free Report) - Stock analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Marathon Petroleum in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the oil and gas company will earn $19.90 per share for the year, up from their prior estimate of $13.60. Scotiabank currently has a "Sector Outperform" rating and a $210.00 target price on the stock. The consensus estimate for Marathon Petroleum's current full-year earnings is $23.42 per share. Scotiabank also issued estimates for Marathon Petroleum's FY2027 earnings at $23.05 EPS.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The business had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis.

A number of other research analysts also recently commented on the company. Weiss Ratings downgraded Marathon Petroleum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. UBS Group raised their price target on Marathon Petroleum from $221.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Zacks Research upgraded Marathon Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. Wells Fargo & Company raised their price target on Marathon Petroleum from $213.00 to $217.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on Marathon Petroleum from $184.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $241.81.

Marathon Petroleum Trading Up 1.4%

MPC opened at $227.37 on Tuesday. Marathon Petroleum has a one year low of $133.00 and a one year high of $255.77. The company has a market cap of $66.96 billion, a P/E ratio of 17.03, a PEG ratio of 0.37 and a beta of 0.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. The business's 50-day simple moving average is $223.47 and its 200-day simple moving average is $198.35.

Institutional Trading of Marathon Petroleum

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Marathon Petroleum by 0.3% in the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company's stock valued at $2,916,660,000 after buying an additional 47,896 shares during the period. Boston Partners lifted its holdings in shares of Marathon Petroleum by 2.3% in the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company's stock valued at $1,214,522,000 after buying an additional 141,691 shares during the period. Norges Bank acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $472,312,000. Charles Schwab Investment Management Inc. increased its stake in Marathon Petroleum by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,818,361 shares of the oil and gas company's stock valued at $458,350,000 after purchasing an additional 11,693 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Marathon Petroleum by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,600,191 shares of the oil and gas company's stock valued at $422,869,000 after purchasing an additional 67,600 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares of the company's stock, valued at $1,717,054.50. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum's dividend payout ratio (DPR) is currently 29.96%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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