Marathon Petroleum Corporation (NYSE:MPC) – Stock analysts at Jefferies Group raised their Q3 2017 earnings per share (EPS) estimates for Marathon Petroleum Corporation in a research note issued on Wednesday. Jefferies Group analyst C. Goldman now anticipates that the oil and gas company will earn $1.27 per share for the quarter, up from their previous forecast of $1.15. Jefferies Group has a “Buy” rating and a $64.00 price target on the stock. Jefferies Group also issued estimates for Marathon Petroleum Corporation’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $2.74 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.08 EPS.

Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The firm had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. During the same period in the prior year, the business posted $1.07 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year.

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Several other analysts have also issued reports on the company. Zacks Investment Research lowered Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Bank of America Corporation lowered Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday. Scotiabank set a $55.00 price target on Marathon Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a report on Thursday, June 1st. Finally, Credit Suisse Group reissued a “buy” rating and set a $64.00 price target on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $59.16.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at 52.37 on Thursday. Marathon Petroleum Corporation has a 12-month low of $39.29 and a 12-month high of $56.81. The stock’s 50 day moving average price is $53.32 and its 200-day moving average price is $51.94. The firm has a market cap of $26.51 billion, a P/E ratio of 31.23 and a beta of 1.56.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a $0.40 dividend. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, August 14th. Marathon Petroleum Corporation’s payout ratio is currently 90.91%.

In related news, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.05% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Blockhouse Capital Management LP purchased a new stake in shares of Marathon Petroleum Corporation in the first quarter worth about $14,970,000. Fox Run Management L.L.C. lifted its position in shares of Marathon Petroleum Corporation by 143.6% in the second quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock worth $1,402,000 after buying an additional 15,800 shares in the last quarter. Buckingham Asset Management LLC lifted its position in shares of Marathon Petroleum Corporation by 2.1% in the first quarter. Buckingham Asset Management LLC now owns 4,141 shares of the oil and gas company’s stock worth $209,000 after buying an additional 87 shares in the last quarter. Heritage Way Advisors LLC lifted its position in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock worth $1,935,000 after buying an additional 850 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Marathon Petroleum Corporation by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,119,312 shares of the oil and gas company’s stock worth $56,570,000 after buying an additional 12,792 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.

About Marathon Petroleum Corporation

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.

Earnings History and Estimates for Marathon Petroleum Corporation (NYSE:MPC)

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