What the bad jobs report means for markets
FINDLAY, Ohio - Marathon Petroleum Corp. (NYSE: MPC) announced that its board of directors has declared a quarterly dividend of $0.91 per share, representing a 2.63% yield. This dividend is scheduled to be paid out on June 10, 2025, to shareholders who are on record by the close of business on May 21, 2025. The company has maintained dividend payments for 15 consecutive years, with increases in the last three years.
As a prominent player in the downstream energy sector, Marathon Petroleum operates the largest refining system in the United States. With a market capitalization of $42.48 billion and a P/E ratio of 13.46, the company maintains a strong market position. The company’s marketing network extends across the nation with Marathon-branded retail outlets. Additionally, Marathon Petroleum holds significant interests in MPLX LP, a midstream company that manages a variety of assets involved in the gathering, processing, and fractionation of natural resources, as well as the transportation and logistics infrastructure for crude oil and light products.
The declaration of this dividend follows the company’s regular practice of providing returns to its shareholders and reflects its ongoing financial strategies.
Investors and shareholders of Marathon Petroleum can expect the payment of the declared dividend in early June, following the record date in late May. As always, the company’s financial decisions and dividend declarations are subject to change based on various market conditions and the board’s discretion.
This announcement is based on a press release statement from Marathon Petroleum Corporation.
In other recent news, Marathon Petroleum Corp. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share at $0.77, surpassing the consensus estimate of $0.62. The company’s revenue reached $33.47 billion, higher than the anticipated $33.23 billion, though it marked a 14.5% decline from the previous year’s quarter. Marathon Petroleum’s net income for the fourth quarter was $371 million, a significant drop from $1.5 billion in the same period of 2023. For the full year 2024, the company recorded a net income of $3.4 billion, down from $9.7 billion in 2023.
Additionally, Marathon Petroleum has entered an underwriting agreement with major financial institutions, as detailed in a recent SEC filing. This agreement precedes the issuance of a Tenth Supplemental Indenture with The Bank of New York Mellon Trust Company. In terms of analyst ratings, TD Cowen adjusted its price target for Marathon Petroleum, lowering it to $142 while maintaining a Buy rating. Mizuho also revised its price target to $168, maintaining a Neutral rating, citing potential shortfalls in first-quarter earnings expectations. These developments reflect ongoing adjustments in the refining sector and broader economic trends impacting Marathon Petroleum.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.