Marathon Petroleum Corp (NYSE:MPC) – Equities research analysts at US Capital Advisors decreased their Q1 2019 EPS estimates for shares of Marathon Petroleum in a research note issued on Monday, April 15th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will earn ($0.10) per share for the quarter, down from their previous forecast of $0.37. US Capital Advisors also issued estimates for Marathon Petroleum’s Q2 2019 earnings at $1.81 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $4.04 EPS, Q1 2020 earnings at $1.38 EPS and Q2 2020 earnings at $2.45 EPS.
A number of other research analysts also recently weighed in on the stock. Citigroup decreased their price objective on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Standpoint Research started coverage on shares of Marathon Petroleum in a research report on Wednesday, December 26th. They set an “accumulate” rating for the company. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a research report on Thursday, January 10th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Macquarie started coverage on shares of Marathon Petroleum in a research report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $91.24.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.43. The business had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The company’s revenue was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share.
In related news, CEO Gary R. Heminger sold 187,142 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the sale, the chief executive officer now owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MPC. Bank of New York Mellon Corp grew its stake in Marathon Petroleum by 16.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,709,970 shares of the oil and gas company’s stock valued at $696,535,000 after acquiring an additional 1,203,638 shares in the last quarter. CI Investments Inc. grew its stake in Marathon Petroleum by 43.2% during the 3rd quarter. CI Investments Inc. now owns 581,300 shares of the oil and gas company’s stock valued at $46,487,000 after acquiring an additional 175,300 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Marathon Petroleum by 6.0% in the 3rd quarter. Putnam Investments LLC now owns 187,432 shares of the oil and gas company’s stock valued at $14,989,000 after buying an additional 10,616 shares during the period. Mackenzie Financial Corp grew its stake in shares of Marathon Petroleum by 261.5% in the 3rd quarter. Mackenzie Financial Corp now owns 973,697 shares of the oil and gas company’s stock valued at $77,867,000 after buying an additional 704,376 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $2,280,000. 79.25% of the stock is owned by institutional investors.
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, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
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