Marathon Petroleum Corp (NYSE:MPC) – Investment analysts at US Capital Advisors lowered their Q3 2019 earnings estimates for shares of Marathon Petroleum in a research report issued on Monday, April 15th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $1.65 for the quarter, down from their previous estimate of $1.84. US Capital Advisors also issued estimates for Marathon Petroleum’s Q3 2020 earnings at $2.35 EPS, Q4 2020 earnings at $1.48 EPS and FY2020 earnings at $7.65 EPS.
Other equities analysts also recently issued reports about the company. Morgan Stanley lowered their price objective on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday. Standpoint Research assumed coverage on Marathon Petroleum in a research report on Wednesday, December 26th. They set an “accumulate” rating for the company. Citigroup lowered their price objective on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, March 4th. ValuEngine downgraded Marathon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Marathon Petroleum in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Marathon Petroleum currently has an average rating of “Buy” and a consensus price target of $91.24.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.43. Marathon Petroleum had a return on equity of 14.14% and a net margin of 2.86%. The business had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 53.2% on a year-over-year basis.
In related news, CEO Gary R. Heminger sold 187,142 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was 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 in the company, valued at $28,220,790. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Hanson McClain Inc. purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $25,000. Certified Advisory Corp lifted its stake in Marathon Petroleum by 71.2% during the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 198 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Claybrook Capital LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
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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