TD Cowen Issues Positive Forecast for Marathon Petroleum (NYSE:MPC) Stock Price

Marathon Petroleum (NYSE:MPC) had its target price lifted by TD Cowen from $357.00 to $375.00 in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential upside of 19.83% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Barclays raised their target price on shares of Marathon Petroleum from $270.00 to $289.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Morgan Stanley increased their price objective on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. UBS Group restated a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a report on Friday, July 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $299.81.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $312.94 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. The company has a market cap of $91.36 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.19 and a beta of 0.52. The stock’s 50-day moving average is $276.46 and its two-hundred day moving average is $239.71. Marathon Petroleum has a 1-year low of $158.00 and a 1-year high of $326.92.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the business posted $3.96 EPS. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. Analysts forecast that Marathon Petroleum will post 43.19 EPS for the current fiscal year.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several large investors have recently modified their holdings of MPC. Navalign LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $31,000. Berbice Capital Management LLC grew its position in Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the 2nd quarter worth $33,000. Finally, Ares Financial Consulting LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at $34,000. 76.77% of the stock is 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 earnings per share, well above the $14.27 analyst consensus and more than four times the $3.96 reported a year earlier. Revenue rose 53.5% year over year to $51.99 billion, also exceeding expectations. Reuters earnings article
• Positive Sentiment: Refining profitability surged: Net income attributable to MPC reached $5.1 billion, while adjusted EBITDA climbed to $8.5 billion from $3.3 billion a year earlier. Refining and Marketing generated $6.66 billion of adjusted EBITDA, reflecting multi-year-high fuel margins amid global supply disruptions. MPC second-quarter results
• Positive Sentiment: Shareholder returns and growth plans support sentiment: MPC returned more than $2.8 billion to shareholders during the quarter and retained $6.1 billion in share-repurchase authorization. El Paso and Robinson refinery investments entered service, while MPLX expects $2.9 billion of 2026 growth capital spending and is targeting 12.5% annual distribution growth in 2026 and 2027. MPLX growth and distribution plans

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.