Equities analysts predict that Marathon Petroleum Corp (NYSE:MPC) will post $29.53 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marathon Petroleum’s earnings. The lowest sales estimate is $25.71 billion and the highest is $32.00 billion. Marathon Petroleum reported sales of $28.62 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Wednesday, May 13th.

On average, analysts expect that Marathon Petroleum will report full year sales of $132.76 billion for the current financial year, with estimates ranging from $124.52 billion to $143.83 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $134.96 billion, with estimates ranging from $121.53 billion to $147.99 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Wednesday, January 29th. The oil and gas company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.71. Marathon Petroleum had a net margin of 2.11% and a return on equity of 7.42%. The company had revenue of $31.38 billion during the quarter, compared to the consensus estimate of $30.07 billion. During the same period last year, the firm earned $2.41 earnings per share. Marathon Petroleum’s revenue was down 3.6% compared to the same quarter last year.

Several equities research analysts have recently commented on MPC shares. Citigroup lifted their price objective on shares of Marathon Petroleum from $67.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Credit Suisse Group lifted their price objective on shares of Marathon Petroleum from to and gave the stock an “outperform” rating in a research note on Friday. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Cowen lifted their price objective on shares of Marathon Petroleum from $69.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Finally, Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum currently has an average rating of “Buy” and an average price target of $74.36.

Several institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC purchased a new position in Marathon Petroleum in the third quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $28,000. Mechanics Bank Trust Department acquired a new stake in shares of Marathon Petroleum in the third quarter valued at about $29,000. Endurance Wealth Management Inc. grew its position in shares of Marathon Petroleum by 365.4% in the third quarter. Endurance Wealth Management Inc. now owns 484 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 380 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $29,000. 76.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:MPC traded down $3.26 on Monday, hitting $55.87. 10,315,068 shares of the company were exchanged, compared to its average volume of 6,614,839. Marathon Petroleum has a 1-year low of $43.96 and a 1-year high of $69.65. The stock’s 50 day moving average price is $56.81 and its 200 day moving average price is $57.97. The company has a current ratio of 1.25, a quick ratio of 0.62 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $38.39 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.82 and a beta of 1.72.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.53. Marathon Petroleum’s dividend payout ratio (DPR) is 46.96%.

About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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