What is Scotiabank’s Forecast for MPC FY2026 Earnings?

Marathon Petroleum Co. (NYSE:MPC) – Equities research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Marathon Petroleum in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng anticipates that the oil and gas company will post earnings of $13.05 per share for the year. Scotiabank has a “Sector Outperform” rating and a $170.00 price objective on the stock. The consensus estimate for Marathon Petroleum’s current full-year earnings is $9.47 per share.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.90. The business had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.14 earnings per share.

A number of other equities research analysts also recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays lowered their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Piper Sandler cut their price target on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, BMO Capital Markets lowered their price objective on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.73.

Marathon Petroleum Trading Up 0.2 %

Shares of NYSE:MPC opened at $142.55 on Friday. Marathon Petroleum has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $45.81 billion, a P/E ratio of 11.30, a P/E/G ratio of 2.56 and a beta of 1.42. The company has a 50 day moving average of $147.84 and a 200-day moving average of $160.13.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, November 20th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s payout ratio is 28.84%.

Marathon Petroleum announced that its board has initiated a share buyback plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Jeffrey C. Campbell acquired 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $149.61 per share, for a total transaction of $897,660.00. Following the purchase, the director now owns 6,090 shares in the company, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marathon Petroleum

Several institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in Marathon Petroleum during the third quarter valued at $26,000. MeadowBrook Investment Advisors LLC raised its stake in shares of Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new position in Marathon Petroleum in the third quarter worth approximately $33,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Company Profile

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.