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Marathon Petroleum Earnings Preview For Oct, 2013

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Marathon Petroleum Corporation (MPC)

Background: Marathon Petroleum Corp. refines, markets and transports petroleum products in the United States. The Refining & Marketing segment refines crude oil and other feedstocks at six 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. Marathon Petroleum Corp was founded on June 30, 2011 and is headquartered in Findlay, OH.

Wall Street isn't expecting much this quarter. Earnings per share is expected to come in below last year for the same quarter. The earnings release is scheduled before the market opens on October 31, 2013.

The mean estimate is currently 66 cents a share, a decline of $2.65 (80.1%) from $3.31 during the corresponding period last year. Analysts' estimates this quarter range from a break-even, to a high of $1.14 per share.

Marathon Petroleum pays $1.68 annually in dividend payments. The yield based on a recent price is 2.3%.

Analysts have not reached a consensus. All else being equal, it's generally a bearish indication when the majority of analysts don't get behind a stock. Analysts love to push stocks, and no accord is almost the same as a sell rating. 8 out of 18 rate this a hold. 9 recommend buying and 1 recommends selling. The stock has appreciated 29% in the last year, and the average analyst target price for Marathon Petroleum is $81.77.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.6% of the average trading float.
 

 

(MPC)

(CVX)

(XOM)

(VLO)

Strong Buy

2

6

4

6

Moderate Buy

7

9

2

4

Hold

8

9

16

9

Strong Sell Ratings

1

0

1

1

Avg Analyst Price Target

$81.77

$132.92

$94.95

$42.55

Revenue

$93.72 billion

$234.85 billion

$440.37 billion

$128.91 billion

Est Low EPS

0.00

2.52

1.66

0.96

Est High EPS

1.14

3.25

2.05

1.62

1 Year Stock Price Change

33.20%

9.54%

-3.27%

53.34%

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Average: 5 (1 vote)
Stock Tickers: MPC CVX XOM VLO Author Disclosure: n/a
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