FY2025 EPS Forecast for Marathon Petroleum Cut by Analyst

Marathon Petroleum Co. (NYSE:MPC) – Research analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of Marathon Petroleum in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings of $11.55 per share for the year, down from their prior forecast of $15.20. Scotiabank has a “Sector Outperform” rating and a $170.00 price target on the stock. The consensus estimate for Marathon Petroleum’s current full-year earnings is $9.47 per share.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm had revenue of $35.37 billion during the quarter, compared to analysts’ expectations of $34.34 billion. During the same period last year, the company earned $8.14 earnings per share. The business’s revenue was down 14.9% on a year-over-year basis.

A number of other equities analysts also recently issued reports on the stock. Barclays cut their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Bank of America initiated coverage on shares of Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Piper Sandler dropped their price target on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Finally, Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $183.73.

Marathon Petroleum Stock Up 3.2 %

MPC stock opened at $146.83 on Monday. The firm has a market capitalization of $47.19 billion, a PE ratio of 11.63, a P/E/G ratio of 2.56 and a beta of 1.42. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum has a twelve month low of $130.54 and a twelve month high of $221.11. The stock’s 50 day moving average is $147.88 and its 200-day moving average is $159.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Marathon Petroleum by 0.9% during the second quarter. EverSource Wealth Advisors LLC now owns 7,165 shares of the oil and gas company’s stock valued at $1,268,000 after buying an additional 61 shares during the period. Paragon Capital Management Inc. boosted its position in shares of Marathon Petroleum by 0.6% during the 2nd quarter. Paragon Capital Management Inc. now owns 10,196 shares of the oil and gas company’s stock valued at $1,769,000 after acquiring an additional 65 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Marathon Petroleum by 1.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company’s stock worth $698,000 after purchasing an additional 67 shares in the last quarter. American Trust increased its position in shares of Marathon Petroleum by 5.3% in the third 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, Financial Partners Group LLC raised its stake in Marathon Petroleum by 3.3% in the third quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company’s stock valued at $362,000 after purchasing an additional 71 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jeffrey C. Campbell purchased 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average cost of $149.61 per share, with a total value of $897,660.00. Following the completion of the acquisition, the director now owns 6,090 shares in the company, valued at $911,124.90. This represents a 6,666.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum announced that its board has authorized a stock buyback plan on Tuesday, November 5th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 10% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s dividend payout ratio (DPR) is currently 28.84%.

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.