Marathon Petroleum (NYSE:MPC) Price Target Raised to $426.00

Posted by Brian Himes on Oct 2nd, 2026

Marathon Petroleum (NYSE:MPC – Get Free Report) had its price target hoisted by analysts at Bank of America from $410.00 to $426.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Bank of America‘s target price points to a potential upside of 1.43% from the company’s previous close.

MPC has been the subject of several other research reports. The Goldman Sachs Group lifted their price objective on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Wells Fargo & Company upped their target price on Marathon Petroleum from $359.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Piper Sandler raised their price target on Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Citigroup lifted their price target on Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $413.00 price objective on shares of Marathon Petroleum in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

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Marathon Petroleum Trading Up 6.2%

Shares of Marathon Petroleum stock opened at $420.01 on Friday. The company’s 50-day moving average price is $364.82 and its 200-day moving average price is $292.54. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market cap of $122.62 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.13 and a beta of 0.54. Marathon Petroleum has a 12-month low of $161.93 and a 12-month high of $431.08.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.96 EPS. On average, equities analysts expect that Marathon Petroleum will post 59.15 earnings per share for the current fiscal year.

Insider Transactions at Marathon Petroleum

In other news, VP Erin M. Brzezinski sold 570 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. This represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Petroleum

Several institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of Marathon Petroleum by 4.8% during the third quarter. Versant Capital Management Inc now owns 1,708 shares of the oil and gas company’s stock valued at $675,000 after buying an additional 78 shares during the last quarter. Montecito Bank & Trust purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $301,000. Greenwich Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $202,000. QRG Capital Management Inc. grew its holdings in shares of Marathon Petroleum by 8.4% in the second quarter. QRG Capital Management Inc. now owns 19,518 shares of the oil and gas company’s stock worth $4,990,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Marathon Petroleum by 42.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,096 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 1,222 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

About Marathon Petroleum

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Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.

Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.