Marathon Petroleum Co. Expected to Earn Q2 2018 Earnings of $1.60 Per Share (MPC)

Marathon Petroleum Co. (NYSE:MPC) – Stock analysts at US Capital Advisors decreased their Q2 2018 earnings per share (EPS) estimates for shares of Marathon Petroleum in a research note issued on Monday, April 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $1.60 for the quarter, down from their prior forecast of $1.64. US Capital Advisors also issued estimates for Marathon Petroleum’s Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $3.69 EPS.

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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 (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $21.24 billion for the quarter, compared to analyst estimates of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share.

MPC has been the topic of several other research reports. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays reaffirmed a “buy” rating and set a $90.00 price objective on shares of Marathon Petroleum in a report on Friday, February 16th. Credit Suisse Group initiated coverage on Marathon Petroleum in a report on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 price objective on the stock. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a report on Tuesday, January 16th. Finally, Piper Jaffray reiterated a “buy” rating and set a $90.00 target price on shares of Marathon Petroleum in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.80.

Shares of MPC stock opened at $77.52 on Tuesday. The stock has a market cap of $35,509.29, a price-to-earnings ratio of 20.40, a PEG ratio of 1.12 and a beta of 1.33. Marathon Petroleum has a 1 year low of $47.78 and a 1 year high of $77.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.28.

In other news, Director Charles E. Bunch acquired 1,500 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the transaction, the director now directly owns 12,853 shares in the company, valued at $866,035.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Kelley sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $69.77, for a total transaction of $1,395,400.00. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in MPC. Renaissance Technologies LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at about $131,947,000. Two Sigma Advisers LP lifted its position in shares of Marathon Petroleum by 892.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,726,811 shares of the oil and gas company’s stock valued at $113,935,000 after acquiring an additional 1,552,853 shares during the period. Prudential Financial Inc. lifted its position in shares of 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 valued at $223,630,000 after acquiring an additional 1,520,471 shares during the period. Millennium Management LLC lifted its position in shares of Marathon Petroleum by 24.3% during the 4th quarter. Millennium Management LLC now owns 5,209,211 shares of the oil and gas company’s stock valued at $343,704,000 after acquiring an additional 1,019,354 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Marathon Petroleum by 28.1% during the 4th quarter. Deutsche Bank AG now owns 4,208,375 shares of the oil and gas company’s stock valued at $277,664,000 after acquiring an additional 923,646 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

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Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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

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