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Marathon Petroleum - MPC Stock Forecast, Price & News

$108.92
-3.53 (-3.14%)
(As of 12/6/2022 03:52 PM ET)
Add
Compare
Today's Range
$108.14
$113.69
50-Day Range
$92.85
$126.60
52-Week Range
$59.96
$127.62
Volume
179,275 shs
Average Volume
3.39 million shs
Market Capitalization
$51.05 billion
P/E Ratio
4.78
Dividend Yield
2.54%
Price Target
$124.71

Marathon Petroleum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
14.6% Upside
$124.71 Price Target
Short Interest
Healthy
2.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.13
Upright™ Environmental Score
News Sentiment
0.51mentions of Marathon Petroleum in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$28.91 M Sold Last Quarter
Proj. Earnings Growth
-33.65%
From $25.50 to $16.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Oils/Energy Sector

41st out of 246 stocks

Petroleum Refining Industry

4th out of 20 stocks

MPC stock logo

About Marathon Petroleum (NYSE:MPC) Stock

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

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MPC Stock News Headlines

Marathon Petroleum: Time To Take Profits
CNQ Shares Barely Move Since Q3 Earnings and Sales Beat
Marathon Petroleum: A Lot More Than Just A 2.4% Yield
Company News for Nov 2, 2022
See More Headlines
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MPC Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 9/12 Dividend
8/16/2022
Dividend Payable
9/12/2022
Ex-Dividend for 12/12 Dividend
11/15/2022
Today
12/06/2022
Dividend Payable
12/12/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Refining & Marketing
CUSIP
56585A10
Fax
N/A
Employees
17,700
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$124.71
High Stock Price Forecast
$153.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+14.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$9.74 billion
Pretax Margin
9.84%

Debt

Sales & Book Value

Annual Sales
$120.93 billion
Cash Flow
$7.49 per share
Book Value
$52.98 per share

Miscellaneous

Free Float
467,349,000
Market Cap
$51.05 billion
Optionable
Optionable
Beta
1.61

Social Links


Key Executives

  • Mr. Michael J. HenniganMr. Michael J. Hennigan (Age 63)
    Pres, CEO & Director
    Comp: $6.55M
  • Ms. Maryann T. MannenMs. Maryann T. Mannen (Age 59)
    Exec. VP & CFO
    Comp: $2.62M
  • Ms. Suzanne Gagle (Age 56)
    Sr. VP of Gov. Affairs & Gen. Counsel
    Comp: $1.8M
  • Mr. Carl Kristopher HagedornMr. Carl Kristopher Hagedorn (Age 46)
    Sr. VP, Controller & Principal Accounting Officer
  • Mr. Timothy J. Harris (Age 47)
    VP & Chief Technology Officer
  • Ms. Kristina Anna Kazarian (Age 39)
    VP of Investor Relations
  • Ms. Molly R. Benson (Age 55)
    VP, Chief Securities, Governance & Compliance Officer and Corp. Sec.
  • Ms. Fiona C. Laird (Age 61)
    Sr. VP of Communications & Chief HR Officer
  • Mr. John S. Swearingen (Age 63)
    Sr. VP of Transportation and Logistics
  • Mr. Brian K. Partee (Age 48)
    Sr. VP of Global Clean Products













MPC Stock - Frequently Asked Questions

Should I buy or sell Marathon Petroleum stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last twelve months. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MPC shares.
View MPC analyst ratings
or view top-rated stocks.

What is Marathon Petroleum's stock price forecast for 2023?

11 brokers have issued 12-month price targets for Marathon Petroleum's shares. Their MPC share price forecasts range from $90.00 to $153.00. On average, they anticipate the company's stock price to reach $124.71 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
View analysts price targets for MPC
or view top-rated stocks among Wall Street analysts.

How have MPC shares performed in 2022?

Marathon Petroleum's stock was trading at $63.99 on January 1st, 2022. Since then, MPC shares have increased by 71.7% and is now trading at $109.85.
View the best growth stocks for 2022 here
.

When is Marathon Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our MPC earnings forecast
.

How were Marathon Petroleum's earnings last quarter?

Marathon Petroleum Co. (NYSE:MPC) announced its quarterly earnings results on Monday, November, 1st. The oil and gas company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The oil and gas company earned $32.61 billion during the quarter, compared to analysts' expectations of $17.12 billion. Marathon Petroleum had a net margin of 6.82% and a trailing twelve-month return on equity of 34.82%. During the same quarter last year, the company posted ($1.00) earnings per share.
Read the conference call transcript
.

How often does Marathon Petroleum pay dividends? What is the dividend yield for Marathon Petroleum?

Marathon Petroleum announced a quarterly dividend on Tuesday, November 1st. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.75 per share on Monday, December 12th. This represents a $3.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Tuesday, November 15th. This is a boost from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for MPC
.

Is Marathon Petroleum a good dividend stock?

Marathon Petroleum (NYSE:MPC) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.54%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPC will have a dividend payout ratio of 17.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MPC.

What is Michael J. Hennigan's approval rating as Marathon Petroleum's CEO?

59 employees have rated Marathon Petroleum Chief Executive Officer Michael J. Hennigan on Glassdoor.com. Michael J. Hennigan has an approval rating of 60% among the company's employees. This puts Michael J. Hennigan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Marathon Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Petroleum investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Valero Energy (VLO), General Electric (GE), Pfizer (PFE), Cisco Systems (CSCO), Chevron (CVX) and Johnson & Johnson (JNJ).

What is Marathon Petroleum's stock symbol?

Marathon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPC."

Who are Marathon Petroleum's major shareholders?

Marathon Petroleum's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.79%), BlackRock Inc. (9.18%), State Street Corp (7.34%), Bank of New York Mellon Corp (1.96%), Boston Partners (1.70%) and Dimensional Fund Advisors LP (1.17%). Insiders that own company stock include Carl Kristopher Hagedorn, Charles E Bunch, Kim KW Rucker, Michael J Hennigan, Raymond L Brooks, Shawn M Lyon, Suzanne Gagle and Timothy J Aydt.
View institutional ownership trends
.

How do I buy shares of Marathon Petroleum?

Shares of MPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marathon Petroleum's stock price today?

One share of MPC stock can currently be purchased for approximately $109.85.

How much money does Marathon Petroleum make?

Marathon Petroleum (NYSE:MPC) has a market capitalization of $51.48 billion and generates $120.93 billion in revenue each year. The oil and gas company earns $9.74 billion in net income (profit) each year or $22.77 on an earnings per share basis.

How many employees does Marathon Petroleum have?

The company employs 17,700 workers across the globe.

Does Marathon Petroleum have any subsidiaries?
The following companies are subsidiares of Marathon Petroleum: 2Go Tesoro Company, 631 South Main Street Development LLC, Andeavor, Andeavor Field Services LLC, Andeavor Gathering I LLC, Andeavor LLC, Andeavor Logistics CD LLC, Andeavor Logistics LP, Andeavor Logistics Rio Pipeline LLC, Andeavor MPL Holdings LLC, Andeavor Midstream Partners GP LLC, Andeavor Midstream Partners LP, Andeavor Midstream Partners Operating LLC, Andeavor Rio Holdings LLC, Andeavor Servicios de Mexico S. de R.L. de C.V., Ascarate Group LLC, Ascension Pipeline Company LLC, Asphalt Terminals LLC, BEH Holding LLC, Bakken Pipeline Investments LLC, Blanchard Holdings Company LLC, Blanchard Pipe Line Company LLC, Blanchard Refining Company LLC, Blanchard Terminal Company LLC, Bonded Oil Company, Buckeye Assurance Corporation, Canton Refining Logistics LLC, Carson Cogeneration LLC, Catlettsburg Refining LLC, Catlettsburg Refining Logistics LLC, Centennial Pipeline LLC, Centrahoma Processing LLC, Cincinnati BioRefining Corp., Cincinnati Renewable Fuels LLC, Ciniza Production Company, Combustibles Playa Rosarito S.A. de C.V., Crowley Blue Water Partners LLC, Crowley Coastal Partners LLC, Crowley Ocean Partners LLC, Crowley Tanker Charters III LLC, Crowley Tankers II LLC, Crowley Tankers IV LLC, Crowley Tankers V LLC, Dakota Access Holdings LLC, Dakota Access LLC, Dakota Access Truck Terminals LLC, Dakota Prairie Refining LLC, Delaware Basin Residue LLC, Detroit Refining Logistics LLC, Dial Oil Co. LLC, ETCO Holdings LLC, Eastern Gulf Crude Access LLC, Empire Oil Co., Enchi Corporation, Energy Transfer Crude Oil Company LLC, Galveston Bay Refining Logistics LLC, Garyville Refining Logistics LLC, Giant Four Corners LLC, Giant Industries Inc., Giant Stop-N-Go of New Mexico LLC, Gold Star Maritime Company, Gravcap Inc., Gray Oak Gateway Holdings LLC, Gray Oak Pipeline LLC, Green Bay Terminal Corporation, Green River Processing LLC, Guilford County Terminal Company LLC, Hardin Assurance Ltd., Hardin Street Holdings LLC, Hardin Street Marine LLC, Hardin Street Transportation LLC, Illinois Extension Pipeline Company L.L.C., Interior Fuels Company, Jefferson Gas Gathering Company L.L.C., Johnston County Terminal LLC, Kenai LNG LLC, Kenai Pipe Line Company, Lincoln Pipeline LLC, MPC Finance Co., MPC Investment Fund Inc., MPC Investment LLC, MPC Trade Receivables Company LLC, MPL Investment LLC, MPL Investments Inc., MPL Louisiana Holdings LLC, MPLX DAPLETCO Holdings LLC, MPLX Fuels Distribution LLC, MPLX GP LLC, MPLX LP, MPLX Logistics Holdings LLC, MPLX Operations LLC, MPLX Ozark Pipe Line LLC, MPLX Pipe Line Holdings LLC, MPLX Refining Logistics LLC, MPLX Terminal and Storage LLC, MPLX Terminals LLC, MPLXIF LLC, MW Logistics Services LLC, MWE GP LLC, MarEn Bakken Company LLC, Marathon Canada Marketing Ltd., Marathon Carbon Management LLC, Marathon Petroleum Company Canada Ltd., Marathon Petroleum Company LP, Marathon Petroleum Foundation Inc., Marathon Petroleum Logistics Services LLC, Marathon Petroleum Service Company, Marathon Petroleum Supply LLC, Marathon Petroleum Trading Canada LLC, Marathon Pipe Line Company, Marathon Pipe Line LLC, Marathon PrePaid Card LLC, Marathon Refining Logistics Services LLC, Marathon Renewable Fuels Corp., Marathon Renewable Supply LLC, MarkWest Agua Blanca Pipeline L.L.C., MarkWest Blackhawk L.L.C., MarkWest Bluestone Ethane Pipeline L.L.C., MarkWest Delaware Basin Gas Company L.L.C., MarkWest EMG Jefferson Dry Gas Gathering Company L.L.C., MarkWest Energy East Texas Gas Company L.L.C., MarkWest Energy Finance Corporation, MarkWest Energy Operating Company L.L.C., MarkWest Energy Partners L.P., MarkWest Energy South Texas Gas Company L.L.C., MarkWest Energy West Texas Gas Company L.L.C., MarkWest Gas Services L.L.C., MarkWest Hydrocarbon L.L.C., MarkWest Javelina Company L.L.C., MarkWest Javelina Pipeline Company L.L.C., MarkWest Liberty Bluestone L.L.C., MarkWest Liberty Ethane Pipeline L.L.C., MarkWest Liberty Gas Gathering L.L.C., MarkWest Liberty Midstream & Resources L.L.C., MarkWest Liberty NGL Pipeline L.L.C., MarkWest Mariner Pipeline L.L.C., MarkWest Michigan Pipeline Company L.L.C., MarkWest New Mexico L.L.C., MarkWest Ohio Fractionation Company L.L.C., MarkWest Oklahoma Gas Company L.L.C., MarkWest PNG Utility L.L.C., MarkWest POET L.L.C., MarkWest Panola Pipeline L.L.C., MarkWest Pinnacle L.L.C., MarkWest Pioneer L.L.C., MarkWest Pipeline Company L.L.C., MarkWest Power Tex L.L.C., MarkWest Ranger Pipeline Company L.L.C., MarkWest Texas PNG Utility L.L.C., MarkWest Tornado GP L.L.C., MarkWest Utica EMG L.L.C., MarkWest Utica Operating Company L.L.C., Midwest Connector Capital Company LLC, Minnesota Pipe Line Company LLC, Mt. Airy Terminal LLC, Mule Sidetracks L.L.C., Mule Tracts L.L.C., Muskegon Pipeline LLC, Navajo Convenient Stores Co. LLC, Niles Properties LLC, North Dakota Pipeline Company LLC, Northern Tier Bakery LLC, Northern Tier Energy GP LLC, Northern Tier Energy LLC, Northern Tier Energy LP, Northern Tier Finance Corporation, Northern Tier Oil Transport LLC, Northern Tier Retail Holdings LLC, Northern Tier Retail LLC, Ocean Tankers LLC, Ohio Condensate Company L.L.C., Ohio Gathering Company L.L.C., Ohio River Pipe Line LLC, Oil Insurance Limited, PFJ Southeast LLC, PNAC LLC, Panola Pipeline Company LLC, Port Everglades Environmental Corp., RW Land Company, Redland Vision LLC, Rendezvous Gas Services L.L.C., Rendezvous Pipeline Company LLC, Resource Environmental L.L.C., Ridgewood Association, Ridgewood Insurance Company, Rio Hub LLC, Robinson Refining Logistics LLC, SWTO LLC, San Juan Refining Company LLC, Sherwood Midstream Holdings LLC, Sherwood Midstream LLC, South Houston Green Power LLC, Speedway LLC, Speedway Petroleum Corporation, Speedway Prepaid Card LLC, Speedway of Massachusetts LLC, Speedway.com LLC, Speedy Prepaid Services Inc., St. Paul Park Refining Co. LLC, Starvin Marvin Inc., SuperAmerica Franchising LLC, Tahoe Merger Sub 2 LLC, Tesoro Alaska Company LLC, Tesoro Alaska Pipeline Company LLC, Tesoro Alaska Terminals LLC, Tesoro Aviation Company, Tesoro Canada Supply & Distribution Ltd., Tesoro Companies Inc., Tesoro Environmental Resources Company, Tesoro Far East Maritime Company, Tesoro Great Plains Gathering & Marketing LLC, Tesoro Great Plains Holdings Company LLC, Tesoro Great Plains Midstream LLC, Tesoro High Plains Pipeline Company LLC, Tesoro Insurance Holding Company, Tesoro Logistics Finance Corp., Tesoro Logistics GP LLC, Tesoro Logistics Northwest Pipeline LLC, Tesoro Logistics Operations LLC, Tesoro Logistics Pipelines LLC, Tesoro Maritime Company, Tesoro Mexico Supply & Marketing S. de R.L. de C.V., Tesoro Northstore Company, Tesoro Panama Company S.A., Tesoro Petroleum (Singapore) Pte. Ltd., Tesoro Refining & Marketing Company LLC, Tesoro Renewables Company LLC, Tesoro Savage Petroleum Terminal LLC, Tesoro Sierra Properties LLC, Tesoro SoCal Cogen Company LLC, Tesoro SoCal Pipeline Company LLC, Tesoro South Coast Company LLC, Tesoro Trading Company, Tesoro Wasatch LLC, Tesoro West Coast Company LLC, The Andersons Albion Ethanol LLC, The Andersons Clymers Ethanol LLC, The Andersons Marathon Ethanol LLC, Three Rivers Gathering LLC, Trans-Foreland Pipeline Company LLC, Treasure Card Company LLC, Treasure Franchise Company LLC, Uinta Express Pipeline Company LLC, Uintah Basin Field Services L.L.C., Virent Inc., Virent Renewables Holding Company LLC, Virent Renewables LLC, WIP LLC, WNR Mexico 1 LLC, WNR Mexico 2 LLC, WNRL Energy GP LLC, WNRL Energy LLC, WNRL Finance Corp., West Relay Gathering Company L.L.C., Western Refining Company L.P., Western Refining Conan Gathering Holdings LLC, Western Refining Conan Gathering LLC, Western Refining Delaware Basin Storage LLC, Western Refining GP LLC, Western Refining Inc., Western Refining LP LLC, Western Refining Logistics GP LLC, Western Refining Logistics LP, Western Refining Pipeline LLC, Western Refining Product Transport LLC, Western Refining Retail LLC, Western Refining Southwest Inc., Western Refining TRS I LLC, Western Refining TRS II LLC, Western Refining Terminals LLC, Western Refining Texas Retail Services LLC, Western Refining Wholesale LLC, Western Refining Yorktown Holding Company, Western Refining Yorktown Inc., Western Refining de Mexico S. de R.L. de C.V., Williston Basin Pipe Line LLC, Woodhaven Cavern LLC, and York River Fuels LLC.
Read More
How can I contact Marathon Petroleum?

Marathon Petroleum's mailing address is 539 SOUTH MAIN STREET, FINDLAY OH, 45840. The official website for the company is www.marathonpetroleum.com. The oil and gas company can be reached via phone at (419) 422-2121 or via email at ir@marathonpetroleum.com.

This page (NYSE:MPC) was last updated on 12/6/2022 by MarketBeat.com Staff