Wall Street analysts expect Marathon Petroleum Corp (NYSE:MPC) to announce $31.23 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Marathon Petroleum’s earnings. The lowest sales estimate is $30.00 billion and the highest is $32.46 billion. Marathon Petroleum posted sales of $22.45 billion in the same quarter last year, which would indicate a positive year over year growth rate of 39.1%. The business is expected to report its next earnings report before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that Marathon Petroleum will report full year sales of $124.74 billion for the current financial year, with estimates ranging from $118.41 billion to $135.95 billion. For the next financial year, analysts forecast that the firm will report sales of $147.92 billion, with estimates ranging from $120.00 billion to $180.04 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Marathon Petroleum.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). The business had revenue of $28.62 billion for the quarter, compared to the consensus estimate of $27.70 billion. Marathon Petroleum had a net margin of 2.56% and a return on equity of 11.10%. Marathon Petroleum’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 460 ($6.01) target price on shares of Sophos Group in a research note on Friday, May 17th. Raymond James reaffirmed an “average” rating and set a $4.50 target price on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. Credit Suisse Group cut their target price on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Wells Fargo & Co cut their target price on shares of Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Marathon Petroleum presently has an average rating of “Buy” and an average price target of $84.20.

In other Marathon Petroleum news, insider Donald C. Templin purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average cost of $50.74 per share, with a total value of $253,700.00. Following the transaction, the insider now directly owns 93,182 shares in the company, valued at approximately $4,728,054.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Rohr bought 12,500 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $48.14 per share, with a total value of $601,750.00. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Squar Milner Financial Services LLC raised its holdings in Marathon Petroleum by 7.7% in the first quarter. Squar Milner Financial Services LLC now owns 2,353 shares of the oil and gas company’s stock worth $140,000 after buying an additional 168 shares during the last quarter. Accurate Investment Solutions Inc. raised its holdings in shares of Marathon Petroleum by 4.1% during the first quarter. Accurate Investment Solutions Inc. now owns 4,370 shares of the oil and gas company’s stock valued at $262,000 after purchasing an additional 173 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Marathon Petroleum by 0.7% during the first quarter. LS Investment Advisors LLC now owns 26,169 shares of the oil and gas company’s stock valued at $1,566,000 after purchasing an additional 188 shares during the last quarter. Unison Advisors LLC raised its holdings in shares of Marathon Petroleum by 0.9% during the second quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock valued at $1,240,000 after purchasing an additional 191 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Marathon Petroleum by 2.3% during the first quarter. Parallel Advisors LLC now owns 8,721 shares of the oil and gas company’s stock valued at $522,000 after purchasing an additional 194 shares during the last quarter. 77.45% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum stock traded down $0.58 during trading hours on Friday, reaching $55.58. The stock had a trading volume of 54,627 shares, compared to its average volume of 4,436,992. The stock has a market cap of $36.80 billion, a PE ratio of 8.20, a PEG ratio of 1.57 and a beta of 1.65. Marathon Petroleum has a 52 week low of $45.47 and a 52 week high of $88.45. The company has a current ratio of 1.20, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $53.53.

About Marathon Petroleum

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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Earnings History and Estimates for Marathon Petroleum (NYSE:MPC)

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