Marathon Petroleum (NYSE:MPC) Sets New 12-Month High Following Analyst Upgrade
by Scott Moore · The Cerbat GemMarathon Petroleum Corporation (NYSE:MPC – Get Free Report)’s share price reached a new 52-week high on Tuesday after Mizuho raised their price target on the stock from $284.00 to $304.00. Mizuho currently has a neutral rating on the stock. Marathon Petroleum traded as high as $328.13 and last traded at $330.0180, with a volume of 412560 shares. The stock had previously closed at $320.32.
A number of other research analysts have also commented on MPC. TD Cowen upped their price target on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Jefferies Financial Group set a $335.00 price objective on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Citigroup raised their price objective on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.
Get Our Latest Stock Analysis on Marathon Petroleum
Insider Transactions at Marathon Petroleum
In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.
Marathon Petroleum News Roundup
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Strong Q2 earnings beat: Marathon Petroleum reported second-quarter 2026 earnings of $17.73 per share, up 347.7% year over year and well above the $14.52 consensus estimate. The results were driven primarily by significantly stronger Refining & Marketing performance and refining margins. Management expects third-quarter crude throughput of 2.82 million barrels per day and total refinery throughput of 3.005 million barrels per day. Marathon Petroleum Q2 Earnings Beat on Strong Refining Margins
- Positive Sentiment: Refining and midstream momentum: Recent coverage says MPC’s advance has fundamental support from stronger refining economics, disciplined operations and rising midstream cash flow. The stock has gained 18.1% over the past three months, suggesting investors are rewarding the improving earnings outlook. MPC Jumps 18.1% in 3 Months as Refining Strength Builds Momentum
- Positive Sentiment: Growth-oriented commentary remains favorable: Articles highlight above-average financial growth and bullish Wall Street views as reasons investors may continue to consider MPC. However, these conclusions are based largely on existing analyst estimates and should be weighed against valuation and cyclical refining risks. 3 Reasons Growth Investors Will Love Marathon Petroleum
- Negative Sentiment: Mizuho remains cautious: Mizuho raised its price target from $284 to $304 but maintained a neutral rating. The revised target remains below the current $318.79 price, indicating that the analyst believes much of the recent refining optimism may already be reflected in MPC’s valuation. Mizuho Raises Marathon Petroleum Price Target
Institutional Investors Weigh In On Marathon Petroleum
Several institutional investors have recently modified their holdings of the stock. Jupiter Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $2,557,000. Vise Technologies Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter worth approximately $5,274,000. E Fund Management Co. Ltd. bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $267,000. MSH Capital Advisors LLC bought a new stake in shares of Marathon Petroleum during the second quarter worth $469,000. Finally, Live Oak Investment Partners bought a new stake in Marathon Petroleum during the 2nd quarter valued at about $707,000. 76.77% of the stock is owned by institutional investors.
Marathon Petroleum Stock Performance
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 capitalization of $96.03 billion, a PE ratio of 11.30, a PEG ratio of 0.19 and a beta of 0.52. The firm’s 50-day simple moving average is $280.59 and its 200-day simple moving average is $243.30.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.96 earnings per share. On average, research analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.
Marathon Petroleum Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. Marathon Petroleum’s payout ratio is 13.75%.
Marathon Petroleum Company Profile
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.