Analysts expect Marathon Petroleum Corp (NYSE:MPC) to report $21.13 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Marathon Petroleum’s earnings, with the highest sales estimate coming in at $23.91 billion and the lowest estimate coming in at $17.50 billion. Marathon Petroleum reported sales of $16.39 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Marathon Petroleum will report full year sales of $21.13 billion for the current year, with estimates ranging from $66.46 billion to $109.91 billion. For the next financial year, analysts expect that the business will report sales of $84.63 billion per share, with estimates ranging from $66.76 billion to $104.47 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue was up 22.9% on a year-over-year basis.

MPC has been the subject of several analyst reports. ValuEngine upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Credit Suisse Group initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price objective for the company. Barclays lifted their price objective on shares of Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Finally, Citigroup lifted their price objective on shares of Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $74.08.

Shares of Marathon Petroleum (NYSE MPC) traded up $0.93 during trading on Wednesday, reaching $64.77. 3,420,000 shares of the company’s stock traded hands, compared to its average volume of 3,970,000. Marathon Petroleum has a twelve month low of $47.78 and a twelve month high of $73.53. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The firm has a market cap of $31,630.00, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a $0.46 dividend. The ex-dividend date is Tuesday, February 20th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a dividend yield of 2.84%. Marathon Petroleum’s payout ratio is presently 50.00%.

In other news, VP Raymond L. Brooks sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now directly owns 32,205 shares in the company, valued at approximately $2,005,083.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $64.55, for a total transaction of $1,116,585.90. The disclosure for this sale can be found here. Insiders sold a total of 72,276 shares of company stock valued at $4,645,189 over the last 90 days. Corporate insiders own 1.05% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MPC. Third Point LLC acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $154,220,000. Prudential Financial Inc. increased its position in Marathon Petroleum by 61.6% during the 3rd quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock worth $223,630,000 after purchasing an additional 1,520,471 shares in the last quarter. Vaughan David Investments Inc. IL increased its position in Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after purchasing an additional 602,879 shares in the last quarter. Rothschild Asset Management Inc. acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $33,070,000. Finally, Janus Henderson Group PLC increased its position in Marathon Petroleum by 808.8% during the 2nd quarter. Janus Henderson Group PLC now owns 603,168 shares of the oil and gas company’s stock worth $31,565,000 after purchasing an additional 536,795 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

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About Marathon Petroleum

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.

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

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