Marathon Petroleum Corp.Marathon Petroleum Corp.

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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. The Retail sells transportation fuels and convenience products in the retail market across the United States 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 transports, stores, distributes and markets crude oil and refined products principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges; gathers, processes and transports natural gas; and gathers, transports, fractionates, stores and markets NGLs. Marathon Petroleum was founded in 1887 and is headquartered in Findlay, OH.

  • MPC Symbol
  • NYSE Exchange
  • 60,350 Employees
5 rated
  • $37.72, +$1.22 (+3.34%) Previous Close
  • 7,527,675 Previous Volume
  • $15.26 / $69.65 52 week low / high
  • -45.84% Percent off 52 week high
  • 2020-06-02 Updated
  • 7.29% Dividend yield (trailing)
  • 1.54% Dividend yield (forward)
  • 643,946,966 Public float
  • 650,261,000 Outstanding shares
  • -3.69 P/E
  • 23.73 B Market Cap
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Financial data

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19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Total Revenue
120B 96B 67B 56B 64B
Cost Of Revenue
110B 88B 61B 52B 58B
Gross Profit
9.5B 7.6B 5.9B 4.5B 6.8B
Research and Development
Selling General and Admin
1.5B
Operating Expense
120B 91B 63B 53B 59B
Operating Income
6.1B 5.3B 3.7B 2.8B 4.5B
Other Income Expense Net
-1.7B -700M -360M -970M -110M
EBIT
6.1B 5.3B 3.7B 2.8B 4.5B
Interest Income
1.2B 970M 650M 560M 310M
Pretax Income
4.3B 4.6B 3.3B 1.8B 4.4B
Income Tax
1.1B 960M -460M 610M 1.5B
Minority Interest
620M 830M 370M 39M 16M
Net Income
2.6B 2.8B 3.4B 1.2B 2.8B
Net Income Basic
2.6B 2.8B 3.4B 1.2B 2.8B
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Current cash
1.5B 1.7B 3B 890M
Short term investments
Receivables
7.9B 5.9B 4.7B 3.6B 2.9B
Inventory
10B 9.8B 5.6B 5.7B 5.2B
Other current assets
530M 610M 140M 240M 180M
Current assets
20B 18B 13B 10B 9.5B
Long term investments
6.9B 5.9B 4.8B 3.8B 3.6B
Property plant equipment
48B 45B 26B 26B 25B
Goodwill
20B 20B 3.6B 3.6B 4B
Intangible assets
2.9B 3.3B
Other assets
430M 430M 820M 820M 820M
Total assets
99B 93B 49B 44B 43B
Accounts payable
12B 9.4B 8.3B 5.6B 4.7B
Current long term debt
710M 540M 620M 28M 29M
Other current liabilities
2B 1.9B 1.4B 1.4B 1.4B
Total current liabilities
16B 13B 10B 7.1B 6.3B
Long term debt
30B 27B 12B 11B 12B
Other liabilities
1.1B 1.1B 670M 600M 740M
Minority Interest
620M 830M 370M 39M 16M
Total Liabilities
55B 48B 27B 23B 23B
Common stock
650M 680M 490M 530M 530M
Retained earning
16B 15B 13B 10B 9.8B
Treasury stock
3.2M 3.9M 2M 3.8M 3.8M
Capital surplus
33B 34B 11B 11B 11B
Shareholder equity
34B 35B 14B 14B 13B
Net tangible assets
-10B -8.9B 6.9B 6.3B 9.2B
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Net Income
2.6B 2.8B 3.4B 1.2B 2.8B
Depreciation
3.6B 2.5B 2.1B 2B 1.6B
Changes in receivables
-2B -1.2B -1.1B -690M
Changes in inventories
-370M 930M 110M -70M 80M
Cash change
-200M -1.3B 2.1B -240M -370M
Cash flow
9.4B 6.2B 6.6B 4B 4.1B
Capital expenditures
-5.4B -3.6B -2.7B -2.9B -2B
Investments
-970M -390M -740M -260M -330M
Investing activity other
Total investing cash flows
-6.2B -7.7B -3.3B -2.9B -3.4B
Dividends paid
-1.4B -950M -770M -720M -610M
Net borrowings
1.2B 5.4B 2.2B -1.4B 750M
Other financing cash flows
-1.3B -930M -830M -720M -190M
Cash flow financing
-3.5B 210M -1.2B -1.3B -990M
Exchange rate effect

Dividends

Dividends represent one part of the company’s profits from the previous period. The company distributes them between its owner-shareholders. Businesses may pay out dividends, but they are not obliged to. The method that is used to calculate the dividend is described in the company's dividend policy or articles of association. The clearer and more transparent the calculation principle, the more investors love the company. Many factors affect whether dividends are paid out. The main ones are the need for financing by major shareholders and tax optimization. So, if the state in the person of a fund or state-supported organization is one of the shareholders, the payment of regular dividends is practically guaranteed. The same is true, but to a lesser extent, in the case of a serious debt burden that is incurred by one of the business owners.

It makes no sense to discuss the abstract amount of dividends for the period in isolation of the company's financial indicators, business development prospects, payment history, and current share price. It is important to analyze and understand the reasons for dividend payments and to be skeptical about an unusually high dividend yield. This may be a one-off exceptional case. You will find information about dividends, historical dividend yield, and recovery of the stock price after Marathon Petroleum Corp. made payouts below.

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Dividend History

The dividend payment history is important to analyze when compiling an investment portfolio from which an investor seeks to receive regular income. If the company can make stable payments, this is an indicator that the company is in a good state of affairs. It may happen that the management and the main business owners refuse to pay dividends and instead opt to distribute profits in order to reduce credit commitments or invest in new projects. But the existence of a stable payout history of increasing dividends is a feather in the company's cap. Some issuers pay dividends 2 times a year or even quarterly, which creates a constant cash flow for shareholders. This additionally bolsters the stock price. The dividend payment statistics and the amount of these payments by Marathon Petroleum Corp. are presented in the table and graph below.

Statistics for 5 years: 2015-2020

Frequency of payments, how many times a year 4
Duration of growth, the number of years 3
Stability of the payments 1.0
Stability of dividend growth 0.6
Dividend growth, simple 29.27 %
Dividend growth, CAGR 5.27 %
Average dividend $0.42
Average dividends per year $1.70
Average dividend yield 0.79 %
Average dividend yield per year 3.11 %
Minimum $0.32 (2015-09-10)
Maximum $0.53 (2019-03-11)
Dividend History, Marathon Petroleum Corp. (MPC)
Declared Date Ex-Dividend Date Record date Pay Date Frequency Payout Amount Yield
2020-04-29 2020-05-19 2020-05-20 2020-06-10 quarterly $0.58 -
2020-01-27 2020-02-18 2020-02-19 2020-03-10 quarterly $0.58 1.68%
2019-10-30 2019-11-19 2019-11-20 2019-12-10 quarterly $0.53 0.91%
2019-07-31 2019-08-20 2019-08-21 2019-09-10 Quarterly $0.53 0.97%
2019-04-24 2019-05-15 2019-05-16 2019-06-10 Quarterly $0.53 1.11%
2019-01-28 2019-02-19 2019-02-20 2019-03-11 Quarterly $0.53 0.9%
2018-10-31 2018-11-20 2018-11-21 2018-12-10 Quarterly $0.46 0.75%
2018-07-25 2018-08-15 2018-08-16 2018-09-10 Quarterly $0.46 0.56%
2018-04-25 2018-05-15 2018-05-16 2018-06-11 Quarterly $0.46 0.59%
2018-01-29 2018-02-20 2018-02-21 2018-03-12 Quarterly $0.46 0.66%
2017-10-25 2017-11-15 2017-11-16 2017-12-11 Quarterly $0.40 0.62%
2017-08-03 2017-08-14 2017-08-16 2017-09-11 Quarterly $0.40 0.74%
2017-05-01 2017-05-15 2017-05-17 2017-06-12 Quarterly $0.36 0.66%
2017-01-27 2017-02-14 2017-02-16 2017-03-10 Quarterly $0.36 0.72%
2016-10-26 2016-11-14 2016-11-16 2016-12-12 Quarterly $0.36 0.73%
2016-07-27 2016-08-15 2016-08-17 2016-09-12 Quarterly $0.36 0.83%
2016-04-27 2016-05-16 2016-05-18 2016-06-10 Quarterly $0.32 0.88%
2016-02-01 2016-02-12 2016-02-17 2016-03-10 Quarterly $0.32 0.88%
2015-10-28 2015-11-16 2015-11-18 2015-12-10 Quarterly $0.32 0.61%
2015-07-29 2015-08-17 2015-08-19 2015-09-10 Quarterly $0.32 0.66%
2015-04-29 2015-05-18 2015-05-20 2015-06-10 Quarterly $0.50 0.98%
2015-02-02 2015-02-13 2015-02-18 2015-03-10 Quarterly $0.50 1.04%
2014-10-29 2014-11-17 2014-11-19 2014-12-10 Quarterly $0.50 1.18%
2014-07-30 2014-08-18 2014-08-20 2014-09-10 Quarterly $0.50 1.11%
2014-04-30 2014-05-19 2014-05-21 2014-06-10 Quarterly $0.42 0.98%
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Stock Price Recovery History

To receive dividends, you must be a company shareholder as of a certain date as determined by the company's Board of Directors. This date is the closing of the shareholder register book or the “dividend cut-off”. On the day following the cut-off, the stock price falls by about the amount of the declared dividend. This is the "dividend gap". Investors are always interested in the following question: how quickly will the company's shares recover from this drop? The more frequently the company pays dividends, the faster the stock price recovers. Many factors influence how quickly the dividend gap is bridged: the news that is released by the company, its expected reporting figures, the purchase/sale of shares by the company's management and large owners, industry events, etc. Historical data about how quickly the Marathon Petroleum Corp. share price has recovered in the past are presented in the table below:

Stock Price Recovery History, Marathon Petroleum Corp. (MPC)
Ex-Dividend Date Payout Amount Stock Price Days Taken For Stock Price to Recover
2020-05-19 $0.58 $34.50 1
2020-02-18 $0.58 - -
2019-11-19 $0.53 $64.54 -
2019-08-20 $0.53 $46.72 1
2019-05-15 $0.53 $51.19 1
2019-02-19 $0.53 $65.01 1
2018-11-20 $0.46 $61.89 1
2018-08-15 $0.46 $77.18 5
2018-05-15 $0.46 $77.29 2
2018-02-20 $0.46 $66.25 1
2017-11-15 $0.40 $61.50 1
2017-08-14 $0.40 $52.31 14
2017-05-15 $0.36 $52.99 8
2017-02-14 $0.36 $50.96 15
2016-11-14 $0.36 $43.59 1
2016-08-15 $0.36 $41.21 1
2016-05-16 $0.32 $35.63 1
2016-02-12 $0.32 $31.73 4
2015-11-16 $0.32 $53.77 1
2015-08-17 $0.32 $55.87 81
2015-05-18 $0.50 $52.13 1
2015-02-13 $0.50 $51.74 4
2014-11-17 $0.50 $46.26 1
2014-08-18 $0.50 $45.05 1
2014-05-19 $0.42 $44.44 10
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Historical Annual Dividend Data & Growth

When selecting shares for purchase, investors are interested in how do company managers and major shareholders view the payment of dividends. Were dividends paid in previous years, and, if so, then to what extent? What was the dividend yield, i.e., the ratio of the amount of the dividend and stock price at the time of payment? Is there a tendency to increase the amount of the dividend both in absolute terms and as a % from year to year? For the investor, this is a guarantee of the company's reliability and a demonstration of its stability. If the company has paid dividends over the course of many years, the amounts of payments will increase. This establishes trust with shareholders, and it has a positive effect on the overall image of the company. The table below shows the payment history and dividend yield for Marathon Petroleum Corp.:

Historical Annual Dividend Data & Growth, Marathon Petroleum Corp. (MPC)
Year Last Stock Price Avg stock price Dividend Sum Dividend Yield (at avg price) Dividend Yield (at last price)
2020 $37.72 $39.12 $1.16 2.97% 3.08%
2019 $59.67 $58.17 $2.12 3.64% 3.55%
2018 $59.01 $73.18 $1.84 2.51% 3.12%
2017 $65.98 $54.09 $1.52 2.81% 2.30%
2016 $50.35 $40.19 $1.36 3.38% 2.70%
2015 $51.84 $50.71 $1.64 3.23% 3.16%
2014 $45.13 $43.66 $1.42 3.25% 3.15%

SWOT

A SWOT analysis is a technique that allows you to conduct a comprehensive express overview of a company. Look at the strengths and weaknesses of the business, and evaluate external opportunities and threats. The result of the analysis is clear, and it will help you to make the right decision. Registered users can compile a SWOT analysis for any issuer. But it should be understood that how facts are distributed on graphs can be subjective. For example, a decision to make large capital expenditures may be a weakness for the company today, but they may offer growth opportunities and competitive advantages in the future. Or if the state participates as a shareholder, then this is a guarantee of stability and reliability. However, this factor may limit the development of the company and expose it to geopolitical risks.

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News Marathon Petroleum Corp.

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