Marathon Petroleum Corporation (NYSE:MPC) Receives $298.69 Average Target Price from Brokerages

Shares of Marathon Petroleum Corporation (NYSE:MPC) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $309.1875.

A number of research analysts recently issued reports on MPC shares. Raymond James Financial lifted their target price on Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, July 13th. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Weiss Ratings raised Marathon Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Finally, Bank of America upped their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th.

Marathon Petroleum Price Performance

Shares of MPC opened at $297.47 on Monday. The company has a market cap of $86.84 billion, a P/E ratio of 10.23, a PEG ratio of 0.20 and a beta of 0.52. Marathon Petroleum has a fifty-two week low of $158.00 and a fifty-two week high of $326.92. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average price is $277.46 and its 200 day moving average price is $240.55.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. The company had revenue of $51.99 billion during 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 32.60%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.96 EPS. On average, research analysts forecast that Marathon Petroleum will post 43.19 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Trading of Marathon Petroleum

Hedge funds and other institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock valued at $329,000 after acquiring an additional 40 shares during the period. Equitable Trust Co. raised its stake in Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after purchasing an additional 42 shares in the last quarter. Wellington Grp LLC lifted its holdings in Marathon Petroleum by 9.6% during the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 45 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Marathon Petroleum by 2.2% in the second quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company’s stock worth $539,000 after purchasing an additional 46 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

More Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Major earnings beat: MPC reported $17.73 in diluted EPS versus a consensus estimate of roughly $14.27–$14.52, while revenue reached $51.99 billion. Net income rose to $5.1 billion from $1.2 billion a year earlier, supported by higher crack spreads. Marathon Petroleum beats quarterly profit estimates on refining margin boom
• Positive Sentiment: Strong operations and shareholder returns: Adjusted EBITDA was $8.46 billion, including $6.66 billion from Refining and Marketing. Refinery utilization was 94% and margin capture was 112%. MPC returned approximately $2.8 billion to shareholders, including about $2.5 billion in buybacks, and retains $6.1 billion in repurchase authorization. MPC Q2 Earnings Call Highlights Refining Capture and Cash Returns
• Positive Sentiment: Growth outlook: Management expects favorable refining conditions to continue into 2027 and projects MPLX distribution growth of 12.5% annually in 2026 and 2027. MPLX’s 2026 growth-capital outlook was raised to $2.9 billion. Marathon Petroleum expects MPLX growth capex at $2.9B
• Neutral Sentiment: Analyst support is mixed: TD Cowen raised its price target to $375 and maintained a Buy rating, but the median target from 12 analysts is $270, indicating that several published targets are below recent trading levels.
• Negative Sentiment: Peak-margin concerns: Refining profitability benefited from fuel-market disruptions and unusually strong margins linked to Middle East supply stress. Investors may be treating the quarter as a cyclical peak and taking profits rather than extrapolating the earnings run rate.
• Negative Sentiment: Insider selling: Reported open-market insider activity over the past six months includes eight sales and no purchases, adding a potentially cautious signal.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.