Marathon Petroleum
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The last earnings update was 57 days ago. More info.
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MPC Share Price and Events
7 Day Returns
1 Year Returns
MPC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Marathon Petroleum (MPC) | 1.4% | -2.5% | -5.4% | -25.5% | 55.2% | 26.7% |
| US Oil and Gas | 1.8% | 4.7% | 10.9% | -4.9% | 3.6% | -26.4% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- MPC underperformed the Oil and Gas industry which returned -4.9% over the past year.
- MPC underperformed the Market in United States of America which returned 9.6% over the past year.
Price Volatility
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Marathon Petroleum
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Marathon Petroleum.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.94 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 21%) (67.47%)) |
1.292 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.29 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.292 * 5.96%) |
10.43% |
Discounted Cash Flow Calculation for NYSE:MPC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Marathon Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.43%) |
|
|---|---|---|---|
| 2019 | 3,527.80 | Analyst x5 | 3,194.52 |
| 2020 | 5,044.86 | Analyst x8 | 4,136.68 |
| 2021 | 4,041.00 | Analyst x1 | 3,000.49 |
| 2022 | 3,448.62 | Est @ -14.66% | 2,318.73 |
| 2023 | 3,122.98 | Est @ -9.44% | 1,901.41 |
| 2024 | 2,942.14 | Est @ -5.79% | 1,622.07 |
| 2025 | 2,846.97 | Est @ -3.23% | 1,421.32 |
| 2026 | 2,805.83 | Est @ -1.45% | 1,268.44 |
| 2027 | 2,800.42 | Est @ -0.19% | 1,146.39 |
| 2028 | 2,819.58 | Est @ 0.68% | 1,045.19 |
| Present value of next 10 years cash flows | $21,055.23 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $2,819.58 × (1 + 2.73%) ÷ (10.43% – 2.73%) |
$37,602.96 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $37,602.96 ÷ (1 + 10.43%)10 |
$13,939.05 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $21,055.23 + $13,939.05 |
$34,994.28 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $34,994.28 / 672.65 |
$52.02 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $52.02 |
| Current discount | Discount to share price of
$60.65
= -1 x ($60.65 - $52.02) / $52.02 |
-16.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Marathon Petroleum is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Marathon Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Marathon Petroleum's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $5.36 |
| NYSE:MPC Share Price ** | NYSE (2019-04-25) in USD | $60.65 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 107 Publicly-Listed Oil and Gas Companies | 13.3x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Marathon Petroleum.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:MPC Share Price ÷ EPS (both in USD) = 60.65 ÷ 5.36 |
11.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Marathon Petroleum is good value based on earnings compared to the US Oil and Gas industry average.
- Marathon Petroleum is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Marathon Petroleum's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.31x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
27.4%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.6x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.31x ÷ 27.4% |
0.41x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Marathon Petroleum is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Marathon Petroleum's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $51.73 |
| NYSE:MPC Share Price * | NYSE (2019-04-25) in USD | $60.65 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 191 Publicly-Listed Oil and Gas Companies | 1.18x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:MPC Share Price ÷ Book Value per Share (both in USD) = 60.65 ÷ 51.73 |
1.17x |
* Primary Listing of Marathon Petroleum.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Marathon Petroleum is good value based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Marathon Petroleum's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Marathon Petroleum has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Marathon Petroleum's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Marathon Petroleum's earnings growth is expected to exceed the United States of America market average.
- Marathon Petroleum's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:MPC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 27.4% |
| NYSE:MPC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 13% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 10.5% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 136,303 | 9,041 | 4,978 | 3 |
| 2020-12-31 | 135,714 | 10,208 | 5,565 | 7 |
| 2019-12-31 | 113,917 | 8,575 | 4,082 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 96,706 | 6,158 | 2,779 |
| 2018-09-30 | 77,690 | 6,173 | 3,843 |
| 2018-06-30 | 73,957 | 6,897 | 4,008 |
| 2018-03-31 | 69,859 | 5,364 | 3,437 |
| 2017-12-31 | 75,053 | 6,612 | 3,430 |
| 2017-09-30 | 69,251 | 4,860 | 1,642 |
| 2017-06-30 | 64,702 | 3,359 | 885 |
| 2017-03-31 | 61,385 | 4,773 | 1,202 |
| 2016-12-31 | 63,517 | 4,017 | 1,173 |
| 2016-09-30 | 54,372 | 3,810 | 1,132 |
| 2016-06-30 | 56,364 | 4,474 | 1,935 |
| 2016-03-31 | 60,040 | 3,201 | 1,959 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Marathon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 8.25 | 8.58 | 7.92 | 2.00 |
| 2020-12-31 | 8.64 | 9.89 | 7.51 | 9.00 |
| 2019-12-31 | 6.02 | 7.67 | 4.91 | 9.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.36 |
| 2018-09-30 | 8.21 |
| 2018-06-30 | 8.33 |
| 2018-03-31 | 6.95 |
| 2017-12-31 | 6.77 |
| 2017-09-30 | 3.17 |
| 2017-06-30 | 1.69 |
| 2017-03-31 | 2.28 |
| 2016-12-31 | 2.22 |
| 2016-09-30 | 2.14 |
| 2016-06-30 | 3.65 |
| 2016-03-31 | 3.67 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Marathon Petroleum's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Marathon Petroleum has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Marathon Petroleum performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Marathon Petroleum's year on year earnings growth rate has been positive over the past 5 years.
- Marathon Petroleum's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Marathon Petroleum's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
All data from Marathon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 96,706.00 | 2,779.00 | 2,424.00 | |
| 2018-09-30 | 77,690.00 | 3,843.00 | 1,818.00 | |
| 2018-06-30 | 73,957.00 | 4,008.00 | 1,744.00 | |
| 2018-03-31 | 69,859.00 | 3,437.00 | 1,727.00 | |
| 2017-12-31 | 75,053.00 | 3,430.00 | 1,714.00 | |
| 2017-09-30 | 69,251.00 | 1,642.00 | 1,606.00 | |
| 2017-06-30 | 64,702.00 | 885.00 | 1,614.00 | |
| 2017-03-31 | 61,385.00 | 1,202.00 | 1,616.00 | |
| 2016-12-31 | 63,517.00 | 1,173.00 | 1,605.00 | |
| 2016-09-30 | 54,372.00 | 1,132.00 | 1,602.00 | |
| 2016-06-30 | 56,364.00 | 1,935.00 | 1,574.00 | |
| 2016-03-31 | 60,040.00 | 1,959.00 | 1,566.00 | |
| 2015-12-31 | 64,471.00 | 2,848.00 | 1,546.00 | |
| 2015-09-30 | 71,111.00 | 3,459.00 | 1,500.00 | |
| 2015-06-30 | 78,194.00 | 3,182.00 | 1,450.00 | |
| 2015-03-31 | 84,848.00 | 3,211.00 | 1,373.00 | |
| 2014-12-31 | 91,254.00 | 2,520.00 | 1,361.00 | |
| 2014-09-30 | 94,230.00 | 2,347.00 | 1,340.00 | |
| 2014-06-30 | 95,035.00 | 1,844.00 | 1,303.00 | |
| 2014-03-31 | 93,857.00 | 1,583.00 | 1,345.00 | |
| 2013-12-31 | 93,949.00 | 2,108.00 | 1,248.00 | |
| 2013-09-30 | 89,884.00 | 2,238.00 | 1,226.00 | |
| 2013-06-30 | 84,843.00 | 3,292.00 | 1,214.00 | |
| 2013-03-31 | 79,563.00 | 3,512.00 | 1,221.00 | |
| 2012-12-31 | 76,568.00 | 3,383.00 | 1,223.00 | |
| 2012-09-30 | 75,425.00 | 2,554.00 | 1,164.00 | |
| 2012-06-30 | 75,137.00 | 2,463.00 | 1,170.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Marathon Petroleum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Marathon Petroleum used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Marathon Petroleum's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Marathon Petroleum's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Marathon Petroleum has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Marathon Petroleum's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Marathon Petroleum's finances.
The net worth of a company is the difference between its assets and liabilities.
- Marathon Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Marathon Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Marathon Petroleum Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 45,053.00 | 27,524.00 | 1,687.00 |
| 2018-09-30 | 20,034.00 | 18,449.00 | 4,992.00 |
| 2018-06-30 | 19,821.00 | 17,267.00 | 4,999.00 |
| 2018-03-31 | 19,863.00 | 17,258.00 | 4,653.00 |
| 2017-12-31 | 21,828.00 | 12,946.00 | 3,011.00 |
| 2017-09-30 | 20,802.00 | 12,782.00 | 2,088.00 |
| 2017-06-30 | 20,564.00 | 12,606.00 | 1,450.00 |
| 2017-03-31 | 20,797.00 | 12,598.00 | 2,167.00 |
| 2016-12-31 | 21,203.00 | 10,572.00 | 887.00 |
| 2016-09-30 | 20,957.00 | 10,566.00 | 709.00 |
| 2016-06-30 | 20,928.00 | 11,059.00 | 1,754.00 |
| 2016-03-31 | 19,494.00 | 11,566.00 | 308.00 |
| 2015-12-31 | 19,675.00 | 11,925.00 | 1,127.00 |
| 2015-09-30 | 12,925.00 | 6,692.00 | 2,044.00 |
| 2015-06-30 | 12,290.00 | 6,698.00 | 1,881.00 |
| 2015-03-31 | 11,980.00 | 6,743.00 | 2,078.00 |
| 2014-12-31 | 11,390.00 | 6,602.00 | 1,494.00 |
| 2014-09-30 | 11,266.00 | 6,264.00 | 1,854.00 |
| 2014-06-30 | 11,037.00 | 3,638.00 | 2,125.00 |
| 2014-03-31 | 10,758.00 | 3,659.00 | 2,166.00 |
| 2013-12-31 | 11,332.00 | 3,396.00 | 2,292.00 |
| 2013-09-30 | 11,264.00 | 3,403.00 | 2,018.00 |
| 2013-06-30 | 12,197.00 | 3,410.00 | 3,069.00 |
| 2013-03-31 | 12,412.00 | 3,416.00 | 4,737.00 |
| 2012-12-31 | 12,105.00 | 3,361.00 | 4,860.00 |
| 2012-09-30 | 11,467.00 | 3,349.00 | 3,387.00 |
| 2012-06-30 | 10,326.00 | 3,335.00 | 1,895.00 |
- Marathon Petroleum's level of debt (61.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (30% vs 61.1% today).
- Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
Financial health checks
We assess Marathon Petroleum's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Marathon Petroleum has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Marathon Petroleum's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Marathon Petroleum
shares you are expected to receive
$70
in your first year as a dividend.
Dividend Amount
- Marathon Petroleum's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Marathon Petroleum's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 3.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.83 | 5.00 |
| 2020-12-31 | 2.40 | 13.00 |
| 2019-12-31 | 2.15 | 13.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-24 | 2.120 | 3.529 |
| 2019-01-28 | 2.120 | 3.407 |
| 2018-10-31 | 1.840 | 2.915 |
| 2018-07-25 | 1.840 | 2.301 |
| 2018-04-25 | 1.840 | 2.448 |
| 2018-01-29 | 1.840 | 2.624 |
| 2017-10-25 | 1.600 | 2.464 |
| 2017-07-26 | 1.600 | 2.955 |
| 2017-04-26 | 1.440 | 2.724 |
| 2017-01-27 | 1.440 | 2.894 |
| 2016-10-26 | 1.440 | 3.051 |
| 2016-07-27 | 1.440 | 3.436 |
| 2016-04-27 | 1.280 | 3.529 |
| 2016-02-01 | 1.280 | 3.534 |
| 2015-10-28 | 1.280 | 2.561 |
| 2015-07-29 | 1.280 | 2.602 |
| 2015-04-29 | 1.000 | 1.899 |
| 2015-02-02 | 1.000 | 1.988 |
| 2014-10-29 | 1.000 | 2.247 |
| 2014-07-30 | 1.000 | 2.328 |
| 2014-04-30 | 0.840 | 1.982 |
| 2014-01-27 | 0.840 | 1.915 |
| 2013-10-30 | 0.840 | 2.034 |
| 2013-07-31 | 0.840 | 2.426 |
| 2013-04-24 | 0.700 | 1.838 |
| 2013-01-30 | 0.700 | 1.683 |
| 2012-11-09 | 0.700 | 2.287 |
| 2012-11-01 | 0.700 | 2.569 |
| 2012-08-08 | 0.700 | 2.661 |
| 2012-07-31 | 0.700 | 2.878 |
| 2012-05-09 | 0.500 | 2.480 |
| 2012-02-29 | 0.500 | 2.382 |
| 2011-10-26 | 0.500 | 2.755 |
| 2011-07-27 | 0.400 | 2.303 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Marathon Petroleum has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Marathon Petroleum only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Marathon Petroleum's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Marathon Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Marathon Petroleum has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $19,806,050 |
| AGE | 65 |
| TENURE AS CEO | 7.8 years |
CEO Bio
Mr. Gary R. Heminger has been Chief Executive Officer and Director of Tesoro Logistics Logistics GP, LLC since October 1, 2018. Mr. Heminger is the Chief Executive Officer of MarkWest New Mexico L.L.C. He also serves as Chairman of the Board at Andeavor Logistics LP since 2018. Mr. Heminger has been the Chief Executive Officer of Marathon Petroleum Corporation since June 30, 2011 and as its Chairman of the Board since April 27, 2016. Mr. Heminger has been the Chairman and Chief Executive Officer at MPLX GP LLC, a General Partner of MPLX LP since June 2012. He served as the President of Marathon Petroleum Corporation from June 30, 2011 to July 1, 2017. He served as an Executive Vice President of Downstream at Marathon Oil Corporation from September 2001 to June 30, 2011 and served as its Executive Vice President since January 2005. He served as the President of Marathon Petroleum Company LP since September 2001, Executive Vice President of Supply, Transportation & Marketing since January 2001, Senior Vice President of Business Development since 1999 and Vice President of Business Development since January 1998. He served as an Executive Vice President of Downstream at Marathon Petroleum Company LP. He joined Marathon Petroleum Company LP in 1975. He spent over 40 years in a variety of leadership, financial and marketing positions with Marathon Petroleum Company LP. He served as President of Marathon Ashland Petroleum LLC since September 2001, he was named Vice President of Business Development upon its formation in 1998, and Senior Vice President of Business Development in 1999. He also served as President of Refining, Marketing & Transportation Operations of Marathon Petroleum Company LP. He served for 37 years at Marathon serving in a variety of groups and functions. Along with five years in various financial and administrative roles, he served for three years in London, England as an Audit Supervisor of the Brae Project. He served as the Vice President of Western Division of Emro Marketing (predecessor of Speedway SuperAmerica LLC) since 1991 and served in several marketing and commercial roles, for eight years. From 1995 to 1996, He served as the President of Marathon Pipe Line Company and also served as Manager of Business Development & Joint Interest of Marathon Petroleum Company LP since November 1996. He served as the Chairman of the Board of Trustees at Tiffin University from 1996 to 2014. He was Chairman of Louisiana Offshore Oil Port. Mr. Heminger has been a Director of Fifth Third Bank since December 20, 2006 and Marathon Petroleum Corporation since 2011. He has been Director at PPG Industries, Inc. since July 20, 2017. He is an emeritus Trustee of the Board of trustees at Tiffin University and has been its Trustee since joining in 1991. He serves as a Director of American Chemistry Council Inc. and of JobsOhio. Mr. Heminger has been a Director at Fifth Third BanCorp since December 20, 2006 and MPLX GP LLC., since 2012. He served as Director of Northern Tier Energy LP until July 2012. He was a Member of the Oxford Institute for Energy Studies. He served as Chairman of the American Petroleum Institute (API) Downstream Committee. He serves on the Executive Committee in the U.S.-Saudi Arabian Business Council. Mr. Heminger holds an MBA from the University of Dayton in 1982. Mr. Heminger holds Executive Management Program from the University of Pennsylvania - The Wharton School. Mr. Heminger holds Bachelor’s Degree in Accounting from Tiffin University in 1976.
CEO Compensation
- Gary's compensation has been consistent with company performance over the past year.
- Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Marathon Petroleum management team in years:
- The tenure for the Marathon Petroleum management team is about average.
Management Team
Gary Heminger
Chairman of the Board & CEO
$20M
65
7.8 yrs
Greg Goff
Executive Vice Chairman
$7M
61
0.5 yrs
Tim Griffith
Senior VP & CFO
$5M
49
4.1 yrs
Don Templin
President of Refining
$6M
55
0.5 yrs
Tony Kenney
President of Speedway LLC
$4M
65
13.7 yrs
Timothy Harris
VP & Chief Technology Officer
0.5 yrs
Donald Wehrly
Chief Information Officer & Vice President
59
7.8 yrs
Dave Sauber
Senior VP of Labor Relations
54
1.3 yrs
Kristina Kazarian
Vice President of Investor Relations
35
1 yrs
Molly Benson
VP, Chief Securities
51
3.1 yrs
Board of Directors Tenure
Average tenure and age of the Marathon Petroleum board of directors in years:
- The average tenure for the Marathon Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors
Greg Goff
Executive Vice Chairman
$7M
61
0.5 yrs
John Surma
Independent Director
$503K
64
7.8 yrs
Gary Heminger
Chairman of the Board & CEO
$20M
65
3 yrs
Jim Rohr
Lead Independent Director
$342K
69
1 yrs
Susan Tomasky
Director
$79K
65
0.5 yrs
Evan Bayh
Independent Director
$300K
63
7.8 yrs
Steve Davis
Independent Director
$304K
60
5.8 yrs
Charles Bunch
Independent Director
$310K
68
3.6 yrs
Abdulaziz Alkhayyal
Independent Director
$300K
64
2.5 yrs
Mike Stice
Independent Director
$430K
59
2.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Dec 18 | Buy | Gregory Goff | Individual | 09. Oct 18 | 12. Oct 18 | 140 | $83.42 | $11,131 | ||
| 18. Dec 18 | Buy | Steven Davis | Individual | 14. Dec 18 | 14. Dec 18 | 3,500 | $62.14 | $217,490 | ||
| 21. Nov 18 | Buy | Steven Davis | Individual | 19. Nov 18 | 20. Nov 18 | 2,500 | $65.15 | $155,500 | ||
Management checks
We assess Marathon Petroleum's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Marathon Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Estimating The Intrinsic Value Of Marathon Petroleum Corporation (NYSE:MPC)
This is done using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows
Simply Wall St - – Full articleDoes Marathon Petroleum Corporation (NYSE:MPC) Have A Good P/E Ratio?
Based on the last twelve months, Marathon Petroleum's P/E ratio is 11.28. … How Do I Calculate Marathon Petroleum's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Marathon Petroleum Corporation's (NYSE:MPC) Balance Sheet A Threat To Its Future?
There are a number of reasons that attract investors towards large-cap companies such as Marathon Petroleum Corporation (NYSE:MPC), with a market cap of US$43b. … This article will examine Marathon Petroleum’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … View our latest analysis for Marathon Petroleum
Simply Wall St - – Full articleHow Many Insiders Bought Marathon Petroleum Corporation (NYSE:MPC) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Marathon Petroleum Corporation (NYSE:MPC). … The Last 12 Months Of Insider Transactions At Marathon Petroleum. … In the last twelve months there was more buying than selling by Marathon Petroleum insiders
Simply Wall St - – Full articleIs Marathon Petroleum Corporation (NYSE:MPC) Undervalued After Accounting For Its Future Growth?
Marathon Petroleum Corporation (NYSE:MPC) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $62.03 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Marathon Petroleum's extremely high growth potential in the near future is attracting investors
Simply Wall St - – Full articleDid Marathon Petroleum's Share Price Deserve to Gain 67%?
For example, Marathon Petroleum Corporation (NYSE:MPC) shareholders have seen the share price rise 67% over three years, well in excess of the market return (40%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Marathon Petroleum was able to grow its EPS at 0.5% per year over three years, sending the share price higher.
Simply Wall St - – Full articleShould You Buy Marathon Petroleum Corporation (NYSE:MPC) For Its Dividend?
Historically, Marathon Petroleum Corporation (NYSE:MPC) has paid dividends to shareholders, and these days it yields 3.3%. … Let's dig deeper into whether Marathon Petroleum should have a place in your portfolio. … Check out our latest analysis for Marathon Petroleum
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Marathon Petroleum Corporation (NYSE:MPC)?
A look at the shareholders of Marathon Petroleum Corporation (NYSE:MPC) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.
Simply Wall St - – Full articleMarathon Petroleum Corporation (NYSE:MPC) Earns Among The Best Returns In Its Industry
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleAn Examination Of Marathon Petroleum Corporation (NYSE:MPC)
I've been keeping an eye on Marathon Petroleum Corporation (NYSE:MPC) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MPC has a lot to offer.
Simply Wall St - – Full articleCompany Info
Description
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. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products wholesale marketing customers domestically and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets. The Retail segment sells transportation fuels and convenience products in the retail market through company-owned and operated convenience stores, primarily under the Speedway brand; and long-term fuel supply contracts with direct dealers who operate locations mainly under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats and barges; and gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company also exports its refined products. As of December 31, 2018, it owned, leased, and had ownership interests in approximately 16,600 miles of crude oil and refined product pipelines, as well as owned and operated 3,920 convenience stores; and had 6,813 retail outlets operated by independent entrepreneurs in 35 states of the United States, the District of Columbia, and Mexico. The company was founded in 1887 and is headquartered in Findlay, Ohio.
Details
| Name: | Marathon Petroleum Corporation |
| MPC | |
| Exchange: | NYSE |
| Founded: | 1887 |
| $40,796,294,370 | |
| 672,651,185 | |
| Website: | http://www.marathonpetroleum.com |
| Address: |
Marathon Petroleum Corporation 539 South Main Street, Findlay, Ohio, 45840, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | MPC | Common Stock | New York Stock Exchange | US | USD | 23. Jun 2011 | |
| DB | MPN | Common Stock | Deutsche Boerse AG | DE | EUR | 23. Jun 2011 | |
| BST | MPN | Common Stock | Boerse-Stuttgart | DE | EUR | 23. Jun 2011 | |
| LSE | 0JYA | Common Stock | London Stock Exchange | GB | USD | 23. Jun 2011 | |
| BMV | MPC * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 23. Jun 2011 |
Number of employees
Current staff
Industry
| Oil and Gas Refining and Marketing | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 02:40 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/23 |
| Last earnings filing: | 2019/02/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
