Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Company's Midstream is engaged in the operations of MPLX LP and certain other related operations. It gathers, processes and transports natural gas, natural gas liquids (NGLs), crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Refining and Marketing - NEC
- Sub-Industry: Oil & Gas Refining & Marketing
- Symbol: NYSE:MPC
- CUSIP: 56585A10
- Web: www.marathonpetroleum.com
- Market Cap: $25.03 billion
- Outstanding Shares: 506,254,000
- 50 Day Moving Avg: $54.03
- 200 Day Moving Avg: $51.70
- 52 Week Range: $39.29 - $56.81
Sales & Book Value:
- Trailing P/E Ratio: 29.88
- Foreward P/E Ratio: 14.01
- P/E Growth: 1.22
- Annual Revenue: $60.96 billion
- Price / Sales: 0.41
- Book Value: $24.97 per share
- Price / Book: 1.98
- Annual Dividend: $1.60
- Dividend Yield: 2.9%
- EBIDTA: $4.41 billion
- Net Margins: 1.34%
- Return on Equity: 5.52%
- Return on Assets: 2.45%
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 1.55%
- Quick Ratio: 0.72%
- Average Volume: 3.87 million shs.
- Beta: 1.56
Frequently Asked Questions for Marathon Petroleum Corporation (NYSE:MPC)
What is Marathon Petroleum Corporation's stock symbol?
Marathon Petroleum Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPC."
How often does Marathon Petroleum Corporation pay dividends? What is the dividend yield for Marathon Petroleum Corporation?
Marathon Petroleum Corporation announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.40 per share on Monday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Marathon Petroleum Corporation's previous quarterly dividend of $0.36. View Marathon Petroleum Corporation's Dividend History.
How were Marathon Petroleum Corporation's earnings last quarter?
Marathon Petroleum Corporation (NYSE:MPC) issued its earnings results on Thursday, July, 27th. The company reported $1.03 EPS for the quarter, missing the Zacks' consensus estimate of $1.04 by $0.01. The company earned $18.35 billion during the quarter, compared to analysts' expectations of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. View Marathon Petroleum Corporation's Earnings History.
When will Marathon Petroleum Corporation make its next earnings announcement?
Where is Marathon Petroleum Corporation's stock going? Where will Marathon Petroleum Corporation's stock price be in 2017?
14 brokerages have issued 1 year price objectives for Marathon Petroleum Corporation's stock. Their predictions range from $47.00 to $69.00. On average, they expect Marathon Petroleum Corporation's stock price to reach $58.83 in the next year. View Analyst Ratings for Marathon Petroleum Corporation.
Who are some of Marathon Petroleum Corporation's key competitors?
Some companies that are related to Marathon Petroleum Corporation include Phillips 66 (PSX), Valero Energy Corporation (VLO), Imperial Oil Ltd (IMO), Tesoro Corporation (ANDV), Hess Corporation (HES), Cenovus Energy (CVE), Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), AmeriGas Partners, L.P. (APU), PBF Energy (PBF), Targa Resources Partners LP (NGLS), Cosan Limited (CZZ), Crestwood Equity Partners LP (CEQP), Suburban Propane Partners, L.P. (SPH), Ngl Energy Partners Lp (NGL), CVR Refining, LP (CVRR) and American Midstream Partners, LP (AMID).
Who are Marathon Petroleum Corporation's key executives?
Marathon Petroleum Corporation's management team includes the folowing people:
- Gary R. Heminger, Chairman of the Board, Chief Executive Officer
- Donald C. Templin, President
- Timothy T. Griffith, Chief Financial Officer, Senior Vice President
- Anthony R. Kenney, President of Speedway LLC
- Thomas M. Kelley, Senior Vice President - Marketing
- Rodney P. Nichols, Senior Vice President - Human Resources and Administrative Services
- Raymond L. Brooks, Senior Vice President - Refining
- C. Michael Palmer, Senior Vice President - Supply, Distribution & Planning
- John S. Swearingen, Senior Vice President, Transportation and Logistics
- Donald W. Wehrly, Chief Information Officer, Vice President
Who owns Marathon Petroleum Corporation stock?
Marathon Petroleum Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.97%), Vanguard Group Inc. (7.75%), State Street Corp (5.42%), Boston Partners (1.80%), Iridian Asset Management LLC CT (1.64%) and Dimensional Fund Advisors LP (1.20%). Company insiders that own Marathon Petroleum Corporation stock include C Michael Palmer, Charles E Bunch, Pamela KM Beall, Steven A Davis and Thomas M Kelley. View Institutional Ownership Trends for Marathon Petroleum Corporation.
Who sold Marathon Petroleum Corporation stock? Who is selling Marathon Petroleum Corporation stock?
Marathon Petroleum Corporation's stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., LSV Asset Management, FMR LLC, Bank of New York Mellon Corp, Steadfast Capital Management LP, Wells Fargo & Company MN and Cibc World Markets Corp. Company insiders that have sold Marathon Petroleum Corporation stock in the last year include C Michael Palmer and Thomas M Kelley. View Insider Buying and Selling for Marathon Petroleum Corporation.
Who bought Marathon Petroleum Corporation stock? Who is buying Marathon Petroleum Corporation stock?
Marathon Petroleum Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Alliancebernstein L.P., Vanguard Group Inc., Parametric Portfolio Associates LLC, Mason Capital Management LLC, Iridian Asset Management LLC CT, American Century Companies Inc. and Janus Henderson Group PLC. Company insiders that have bought Marathon Petroleum Corporation stock in the last two years include Charles E Bunch and Steven A Davis. View Insider Buying and Selling for Marathon Petroleum Corporation.
How do I buy Marathon Petroleum Corporation stock?
Shares of Marathon Petroleum Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marathon Petroleum Corporation's stock price today?
MarketBeat Community Rating for Marathon Petroleum Corporation (NYSE MPC)MarketBeat's community ratings are surveys of what our community members think about Marathon Petroleum Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Marathon Petroleum Corporation stock can currently be purchased for approximately $49.45.
Consensus Ratings for Marathon Petroleum Corporation (NYSE:MPC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 11 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.93)|
|Consensus Price Target: ||$58.83 (18.97% upside)|
Analysts' Ratings History for Marathon Petroleum Corporation (NYSE:MPC)
(Data available from 8/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Cowen and Company||Boost Price Target||Outperform -> Outperform||$55.00 -> $60.00||Low|
|7/20/2017||Jefferies Group LLC||Reiterated Rating||Buy||$65.00 -> $54.83||Low|
|7/14/2017||Credit Suisse Group||Reiterated Rating||Buy||$64.00||Medium|
|7/11/2017||Scotiabank||Set Price Target||Hold||$55.00||Low|
|6/1/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$69.00||Low|
|5/25/2017||Piper Jaffray Companies||Reiterated Rating||Overweight -> Overweight||$62.00||Medium|
|5/22/2017||US Capital Advisors||Reiterated Rating||Buy||Low|
|4/22/2017||Citigroup Inc.||Reiterated Rating||Buy||$68.50 -> $67.00||High|
|2/2/2017||Barclays PLC||Lower Price Target||Overweight||$68.00 -> $62.00||N/A|
|12/7/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$46.00 -> $57.00||N/A|
|11/28/2016||Bank of America Corporation||Set Price Target||Buy||$59.00||N/A|
|10/31/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$47.00 -> $54.00||N/A|
|10/28/2016||Howard Weil||Boost Price Target||Sector Perform||$45.00 -> $47.00||N/A|
|10/12/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Buy||$54.00||N/A|
|7/9/2016||Wells Fargo & Company||Reiterated Rating||Buy||N/A|
|2/9/2016||Deutsche Bank AG||Reiterated Rating||Buy||$70.00 -> $64.00||N/A|
|1/15/2016||Morgan Stanley||Reiterated Rating||Buy||$85.00 -> $65.00||N/A|
|12/2/2015||Wolfe Research||Boost Price Target||Outperform||$60.00 -> $65.00||N/A|
|11/25/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$60.00 -> $70.00||N/A|
Earnings History for Marathon Petroleum Corporation (NYSE:MPC)Earnings History by Quarter for Marathon Petroleum Corporation (NYSE MPC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$1.04||$1.03||$19.98 billion||$18.35 billion||View||N/A|
|4/27/2017||Q1 2017||($0.01)||$0.06||$19.03 billion||$16.39 billion||View||N/A|
|2/1/2017||Q416||$0.26||$0.43||$14.54 billion||$17.28 billion||View||Listen|
|10/27/2016||Q316||$0.78||$0.58||$17.18 billion||$16.46 billion||View||Listen|
|7/28/2016||Q216||$0.97||$1.07||$16.30 billion||$16.81 billion||View||Listen|
|4/28/2016||Q116||$0.15||$0.06||$13.08 billion||$12.83 billion||View||Listen|
|2/3/2016||Q415||$0.69||$0.79||$16.35 billion||$15.70 billion||View||Listen|
|10/29/2015||Q3||$1.82||$1.76||$20.10 billion||$18.76 billion||View||Listen|
|7/30/2015||Q215||$1.76||$1.51||$19.29 billion||$20.54 billion||View||Listen|
|4/30/2015||Q1||$2.96||$3.24||$17.74 billion||$17.24 billion||View||Listen|
|2/4/2015||Q414||$1.38||$2.86||$19.86 billion||$22.25 billion||View||Listen|
|10/30/2014||Q314||$2.09||$2.36||$27.69 billion||$25.48 billion||View||Listen|
|7/31/2014||Q214||$2.15||$2.95||$22.87 billion||$26.93 billion||View||Listen|
|5/1/2014||Q114||$1.05||$0.67||$23.26 billion||$23.35 billion||View||Listen|
|1/29/2014||Q413||$1.03||$2.10||$20.15 billion||$24.93 billion||View||Listen|
|10/31/2013||Q313||$0.61||$0.59||$21.37 billion||$26.27 billion||View||Listen|
|8/1/2013||Q2 2013||$1.90||$1.95||$23.57 billion||$25.70 billion||View||Listen|
|4/30/2013||Q1 2013||$2.16||$2.17||$19.80 billion||$23.30 billion||View||Listen|
|1/30/2013||Q4 2012||$2.08||$2.26||$19.32 billion||$20.68 billion||View||Listen|
|11/1/2012||Q312||$3.23||$3.31||$19.59 billion||$21.25 billion||View||N/A|
Earnings Estimates for Marathon Petroleum Corporation (NYSE:MPC)
2017 EPS Consensus Estimate: $2.41
2018 EPS Consensus Estimate: $2.49
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Marathon Petroleum Corporation (NYSE:MPC)
|Dividend Growth:||20.90% (3 Year Average)|
|Payout Ratio:||90.91% (Trailing 12 Months of Earnings) |
58.18% (Based on This Year's Estimates)
45.33% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Marathon Petroleum Corporation (NYSE MPC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Marathon Petroleum Corporation (NYSE:MPC)
Insider Ownership Percentage: 1.05%Insider Trades by Quarter for Marathon Petroleum Corporation (NYSE:MPC)
Institutional Ownership Percentage: 81.36%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/14/2017||Thomas M. Kelley||Insider||Sell||25,000||$54.33||$1,358,250.00|| |
|5/24/2017||C. Michael Palmer||VP||Sell||4,000||$53.25||$213,000.00|| |
|5/18/2017||C. Michael Palmer||VP||Sell||4,568||$52.04||$237,718.72|| |
|2/9/2017||Charles E Bunch||Director||Buy||2,000||$49.94||$99,880.00|| |
|5/26/2016||Steven A Davis||Director||Buy||1,500||$34.70||$52,050.00|| |
|5/2/2016||Charles E Bunch||Director||Buy||2,000||$38.56||$77,120.00|| |
|12/10/2015||Pamela K.M. Beall||VP||Sell||47,342||$52.73||$2,496,343.66|| |
|8/20/2015||James E Rohr||Director||Buy||2,400||$53.40||$128,160.00|| |
|8/20/2015||Timothy T Griffith||CFO||Buy||1,000||$54.11||$54,110.00|| |
|6/2/2015||Pamela K.M. Beall||VP||Sell||26,673||$102.92||$2,745,185.16|| |
|5/20/2015||Gary R Heminger||CEO||Sell||36,659||$104.30||$3,823,533.70|| |
|5/6/2015||George P Shaffner||VP||Sell||25,561||$100.50||$2,568,880.50|| |
|3/13/2015||Steven A Davis||Director||Buy||3,500||$96.73||$338,555.00|| |
|2/13/2015||J. Michael Wilder||VP||Sell||5,806||$102.22||$593,489.32|| |
|2/11/2015||Thomas M Kelley||VP||Sell||20,467||$101.39||$2,075,149.13|| |
|11/28/2014||Evan Bayh||Director||Buy||5,550||$90.06||$499,833.00|| |
|8/8/2014||Michael G Braddock||VP||Sell||1,871||$87.65||$163,993.15|| |
|1/2/2014||J. Michael Wilder||VP||Sell||32,638||$91.06||$2,972,016.28|| |
|8/5/2013||James Rohr||Director||Buy||6,300||$71.37||$449,631.00|| |
Headline Trends for Marathon Petroleum Corporation (NYSE:MPC)
Latest Headlines for Marathon Petroleum Corporation (NYSE:MPC)
Marathon Petroleum Corporation (MPC) Chart for Monday, August, 21, 2017