Marathon Petroleum Corporation (NYSE:MPC) is set to announce second quarter earning results on Monday 3rd August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MPC to report 2Q20 loss of $ 1.75 per share.
For the full year, analysts anticipate top line of $ 88113.30 million, while looking forward to loss of $ 2.81 per share bottom line.
Previous Quarter Performance
Marathon Petroleum Corporation revealed loss for the first quarter of $ 0.16 per share, from the revenue of $ 24,080.00 million. The quarterly revenues declined 12.61 percent compared with the same quarter last year. Street analysts expected Marathon Petroleum Corporation to report loss of $ 0.31 per share on revenue of $ 23911.90 million for the first quarter. The bottom line results beat street analysts by $ 0.15 or 48.39 percent, at the same time, top line results outshined analysts by $ 168.10 million or 0.70 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MPC was $ 38.20, representing a 150.33 % increase from the 52 week low of $ 15.26 and a 45.15 % decrease over the 52 week high of $ 69.65.
The company has a market capital of $ 24.84 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Outperform rating, with $ 48.00 target price.
- On 8th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 48.00 target price.
- On 23rd June 2020, maintained by Jefferies Financial Group at Buy rating, with $ 50.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.58 per share on April 29, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 20, 2020 and ex-dividend date on May 19, 2020.
Conference Call
Marathon Petroleum Corporation will be hosting a conference call at 9:30 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marathonpetroleum.com
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
