Marathon Petroleum (NYSE:MPC) Price Target Raised to $335.00

Marathon Petroleum (NYSE:MPC) had its price objective upped by Wells Fargo & Company to $335.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas company’s stock.

MPC has been the subject of several other research reports. Scotiabank increased their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley increased their target price on Marathon Petroleum from $200.00 to $233.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Citigroup boosted their price target on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $257.25.

Marathon Petroleum Trading Up 1.1%

Shares of MPC opened at $245.02 on Wednesday. The stock’s 50-day moving average price is $229.28 and its 200 day moving average price is $200.99. The company has a quick ratio of 0.74, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.34 and a beta of 0.53. Marathon Petroleum has a 12-month low of $149.65 and a 12-month high of $261.61.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the company earned ($0.24) EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts predict that Marathon Petroleum will post 27.28 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Activity

In other news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares in the company, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 4,473 shares of company stock valued at $1,015,428 in the last three months. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Marathon Petroleum

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Marathon Petroleum by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 344,132 shares of the oil and gas company’s stock valued at $84,030,000 after buying an additional 5,320 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Marathon Petroleum during the 1st quarter worth about $379,000. Wilkerson Advisory Group LLC grew its holdings in Marathon Petroleum by 31.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 477 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 113 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Marathon Petroleum in the 1st quarter valued at about $106,000. Finally, Amova Asset Management Americas Inc. raised its stake in shares of Marathon Petroleum by 2.1% in the first quarter. Amova Asset Management Americas Inc. now owns 3,383 shares of the oil and gas company’s stock worth $826,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum News Roundup

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

• Positive Sentiment: Marathon Petroleum reported a strong earnings beat, with EPS coming in 110% above expectations, reinforcing the view that the company’s refining business is performing well. Marathon Petroleum Corporation Just Beat EPS By 110%: Here’s What Analysts Think Will Happen Next
• Positive Sentiment: Goldman Sachs raised its price target on MPC to $291 from $264 and kept a buy rating, suggesting meaningful upside from current levels. Marathon Petroleum had its price target raised by The Goldman Sachs Group, Inc. from $264.00 to $291.00.
• Positive Sentiment: JPMorgan also lifted its price target on Marathon Petroleum to $257 from $235, adding to the positive analyst momentum around the stock. Marathon Petroleum had its price target raised by JPMorgan Chase & Co. from $235.00 to $257.00.
• Positive Sentiment: TD Cowen reportedly raised its price target on MPC to $320, further reinforcing the bullish valuation case. Marathon Petroleum (NYSE:MPC) Price Target Raised to $320.00 at TD Cowen
• Neutral Sentiment: Zacks and Yahoo Finance highlighted MPC as a momentum stock with strong earnings surprises and bullish price trends, which may support trader interest but does not add new company-specific fundamentals. Zacks.com featured highlights include The Vita Coco Company, Indivior Pharmaceuticals and Marathon Petroleum
• Neutral Sentiment: Marathon Petroleum was also included in another “best momentum stocks” roundup, again reflecting positive market sentiment rather than a new operational update. 3 Best Momentum Stocks to Buy Now for Big Upside in May 2026
• Neutral Sentiment: A separate analysis said Marathon Petroleum’s buyback expansion and refinery projects support its valuation story, citing stronger quarterly results and a larger repurchase program. Marathon Petroleum Buyback Expansion And Refinery Projects Underpin Valuation Story

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.