Scotiabank Has Negative Outlook for MPC FY2025 Earnings

Marathon Petroleum Co. (NYSE:MPC) – Scotiabank cut their FY2025 earnings per share estimates for shares of Marathon Petroleum in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will earn $8.45 per share for the year, down from their prior forecast of $11.55. The consensus estimate for Marathon Petroleum’s current full-year earnings is $8.47 per share.

A number of other research firms have also recently issued reports on MPC. Barclays upped their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Piper Sandler decreased their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Finally, Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.21.

Marathon Petroleum Stock Down 0.0 %

Shares of NYSE:MPC opened at $148.62 on Monday. The firm has a fifty day moving average of $149.06 and a 200 day moving average of $151.77. Marathon Petroleum has a 52-week low of $130.54 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market capitalization of $46.30 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.98 EPS.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.45%. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Marathon Petroleum

Large investors have recently modified their holdings of the stock. True Wealth Design LLC increased its stake in Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc purchased a new stake in Marathon Petroleum during the 4th quarter valued at $28,000. Finally, Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.