Scotiabank Predicts Reduced Earnings for Marathon Petroleum

Marathon Petroleum Co. (NYSE:MPC) – Investment analysts at Scotiabank decreased their FY2025 earnings per share estimates for shares of Marathon Petroleum in a research report issued on Sunday, April 13th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings per share of $8.00 for the year, down from their previous forecast of $8.45. Scotiabank currently has a “Sector Outperform” rating and a $147.00 target price on the stock. The consensus estimate for Marathon Petroleum’s current full-year earnings is $8.47 per share.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion for 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 firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.98 EPS.

MPC has been the subject of several other reports. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Raymond James decreased their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Barclays cut their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $124.11 on Wednesday. Marathon Petroleum has a one year low of $115.10 and a one year high of $205.61. The company has a market cap of $38.66 billion, a P/E ratio of 12.50, a P/E/G ratio of 3.11 and a beta of 1.04. The firm has a 50-day moving average of $141.89 and a 200-day moving average of $148.09. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. 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 2.93%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of Marathon Petroleum

Several hedge funds have recently made changes to their positions in the business. SWS Partners increased its position in Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after acquiring an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock valued at $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Marathon Petroleum by 747.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock worth $3,466,000 after purchasing an additional 18,764 shares during the period. Greatmark Investment Partners Inc. boosted its position in shares of Marathon Petroleum by 3.5% during the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock valued at $22,483,000 after buying an additional 5,476 shares during the period. Finally, TCTC Holdings LLC grew its stake in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after buying an additional 2,892 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Company Profile

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.