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.
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.
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.
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.
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