Research Analysts Set Expectations for MPC FY2026 Earnings

Marathon Petroleum Co. (NYSE:MPC) – Equities research analysts at Scotiabank issued their FY2026 earnings per share estimates for Marathon Petroleum in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng expects that the oil and gas company will post earnings of $13.05 per share for the year. Scotiabank currently 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.

A number of other research firms have also weighed in on MPC. Wells Fargo & Company upped their target price on Marathon Petroleum from $183.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Bank of America started coverage on Marathon Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price for the company. Citigroup lowered their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. TD Cowen reaffirmed a “buy” rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Finally, Piper Sandler reduced their price target on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Marathon Petroleum Stock Up 0.5 %

Marathon Petroleum stock opened at $142.36 on Friday. The business has a fifty day moving average of $147.86 and a two-hundred day moving average of $160.35. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market cap of $45.75 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.56 and a beta of 1.42. Marathon Petroleum has a twelve month low of $130.54 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results 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. The firm had revenue of $35.37 billion during the quarter, compared to analyst estimates of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. Marathon Petroleum’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.14 earnings per share.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.56%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, November 20th. Marathon Petroleum’s dividend payout ratio is presently 28.84%.

Marathon Petroleum announced that its board has initiated a stock repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Marathon Petroleum

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently modified their holdings of MPC. Wellington Management Group LLP boosted its stake in shares of Marathon Petroleum by 342.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock worth $911,274,000 after acquiring an additional 4,328,470 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Marathon Petroleum by 19,153.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company’s stock worth $213,605,000 after acquiring an additional 1,304,372 shares in the last quarter. ING Groep NV purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth about $114,107,000. National Bank of Canada FI boosted its stake in shares of Marathon Petroleum by 212.9% during the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company’s stock worth $137,945,000 after acquiring an additional 576,119 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Marathon Petroleum by 45.4% during the 3rd quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company’s stock worth $217,560,000 after acquiring an additional 415,368 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

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.