Marathon Petroleum Corp (NYSE:MPC) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.53 per share by the oil and gas company on Tuesday, December 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, November 19th.
Shares of NYSE:MPC traded up $0.24 during midday trading on Friday, hitting $64.69. 3,821,635 shares of the stock were exchanged, compared to its average volume of 6,275,325. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.62 and a current ratio of 1.25. Marathon Petroleum has a 52-week low of $43.96 and a 52-week high of $69.65. The business’s fifty day simple moving average is $64.17 and its two-hundred day simple moving average is $55.12. The company has a market capitalization of $41.85 billion, a PE ratio of 9.54, a P/E/G ratio of 1.54 and a beta of 1.70.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.33. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The business had revenue of $31.20 billion during the quarter, compared to analyst estimates of $32.89 billion. During the same period last year, the company earned $1.70 earnings per share. Marathon Petroleum’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts anticipate that Marathon Petroleum will post 4.19 EPS for the current year.
Several analysts recently issued reports on the company. Cowen increased their price objective on Marathon Petroleum from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Mizuho set a $90.00 price objective on Marathon Petroleum and gave the stock a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Co raised their target price on Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Raymond James raised their target price on Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Finally, ValuEngine lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $73.38.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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