Scotiabank Predicts Weaker Earnings for Marathon Petroleum

Marathon Petroleum Co. (NYSE:MPC - Free Report) - Equities researchers at Scotiabank cut their FY2025 EPS estimates for shares of Marathon Petroleum in a research note issued to investors on Sunday, April 13th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn $8.00 per share for the year, down from their prior forecast of $8.45. Scotiabank currently has a "Sector Outperform" rating and a $147.00 price target on the stock. The consensus estimate for Marathon Petroleum's current full-year earnings is $8.47 per share.

A number of other research firms have also recently weighed in on MPC. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company cut their target price on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Barclays decreased their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Piper Sandler cut their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Raymond James decreased their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $175.79.

Marathon Petroleum Stock Performance

Shares of MPC stock traded down $1.17 during trading hours on Wednesday, reaching $126.55. The stock had a trading volume of 655,688 shares, compared to its average volume of 2,692,896. The firm has a market capitalization of $39.42 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The firm has a 50-day simple moving average of $140.81 and a 200-day simple moving average of $147.27. Marathon Petroleum has a twelve month low of $115.10 and a twelve month high of $201.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.88%. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. OLD Second National Bank of Aurora increased its holdings in Marathon Petroleum by 7.2% in the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock worth $139,000 after buying an additional 67 shares during the last quarter. Nixon Peabody Trust Co. raised its holdings in shares of Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after purchasing an additional 68 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after buying an additional 69 shares in the last quarter. DT Investment Partners LLC increased its holdings in shares of Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after acquiring an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other 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.