Scotiabank Analysts Increase Earnings Estimates for MPC

Marathon Petroleum Co. (NYSE:MPC) – Equities researchers at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Marathon Petroleum in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will earn $13.30 per share for the year, up from their prior forecast of $13.05. The consensus estimate for Marathon Petroleum’s current full-year earnings is $8.47 per share.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate 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 was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.98 EPS.

Other research analysts have also issued research reports about the company. 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. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. TD Cowen reiterated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Barclays upped their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Marathon Petroleum Stock Up 1.6 %

NYSE:MPC opened at $151.93 on Friday. 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 company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum has a one year low of $130.54 and a one year high of $221.11. The stock has a 50-day simple moving average of $148.90 and a 200 day simple moving average of $152.51.

Institutional Trading of Marathon Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the company. OLD Second National Bank of Aurora increased its position in Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock worth $139,000 after purchasing an additional 67 shares during the last quarter. Nixon Peabody Trust Co. raised its position in Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after acquiring an additional 68 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after acquiring an additional 69 shares during the last quarter. American Trust increased its stake in shares of Marathon Petroleum by 5.3% during the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock worth $228,000 after purchasing an additional 70 shares during the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 70 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marathon Petroleum

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

Marathon Petroleum Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.40%. Marathon Petroleum’s payout ratio is presently 36.66%.

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.