Marathon Petroleum Corp

Marathon Petroleum Corp Stock Forecast & Price Prediction

Live Marathon Petroleum Corp Stock (MPC) Price
$155.25

19

Ratings

  • Buy 14
  • Hold 5
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$155.25

P/E Ratio

12.04

Volume Traded Today

$3.1M

Dividend

$0.825

52 Week High/low

221.11/140.98

Marathon Petroleum Corp Market Cap

$49.90B

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MPC Summary

The Marathon Petroleum Corp (MPC) share price is expected to increase by 11.21% over the next year. This is based on calculating the average 12-month share price estimate provided by 19 stock analysts who have covered MPC. Price targets range from $143 at the low end to $200 at the high end. The current analyst consensus for MPC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

MPC Analyst Ratings

About 19 Wall Street analysts have assigned MPC 14 buy ratings, 5 hold ratings, and 0 sell ratings. This means that analysts expect Marathon Petroleum Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MPC. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

MPC stock forecast by analyst

These are the latest 20 analyst ratings of MPC.

Analyst/Firm

Rating

Price Target

Change

Date

Jason Gabelman
TD Cowen

Buy

$170

Maintains

Nov 6, 2024
Paul Cheng
Scotiabank

Sector Outperform

$170

Maintains

Oct 10, 2024
Vikram Bagri
Citigroup

Neutral

$167

Maintains

Oct 10, 2024
Theresa Chen
Barclays

Overweight

$168

Maintains

Oct 10, 2024
Roger Read
Wells Fargo

Overweight

$183

Maintains

Oct 9, 2024
John Royall
JP Morgan

Neutral

$171

Maintains

Oct 9, 2024
Phillip Jungwirth
BMO Capital

Outperform

$190

Maintains

Oct 4, 2024
John Royall
JP Morgan

Neutral

$172

Maintains

Oct 2, 2024
Ryan Todd
Piper Sandler

Neutral

$145

Maintains

Sep 20, 2024
Nitin Kumar
Mizuho

Neutral

$193

Maintains

Sep 16, 2024
Connor Lynagh
Morgan Stanley

Overweight

$182

Maintains

Sep 16, 2024
Jason Gabelman
TD Cowen

Buy

$190

Maintains

Aug 7, 2024
Doug Leggate
Wolfe Research

Outperform


Reinstates

Jul 18, 2024
Lloyd Byrne
Jefferies

Buy

$231

Maintains

Jul 15, 2024
Paul Cheng
Scotiabank

Sector Outperform

$191

Maintains

Jul 12, 2024
Roger Read
Wells Fargo

Overweight

$196

Maintains

Jul 12, 2024
John Royall
JP Morgan

Neutral

$186

Maintains

Jul 2, 2024
Theresa Chen
Barclays

Overweight

$185

Maintains

Jul 1, 2024
Nitin Kumar
Mizuho

Neutral

$201

Maintains

Jun 20, 2024
Ryan Todd
Piper Sandler

Neutral

$168

Maintains

Jun 14, 2024

MPC Company Information

What They Do: Integrated downstream energy company in the US.

Business Model: The company operates through two main segments: Refining & Marketing and Midstream. It refines crude oil and other feedstocks, sells a variety of refined products including transportation fuels, and engages in the transportation and storage of crude oil and refined products through an extensive logistics network, generating revenue from wholesale and long-term supply contracts.

Other Information: Founded in 1887 and headquartered in Findlay, Ohio, the company also produces renewable diesel, propane, and petrochemicals. Its operations span across key regions in the United States, enhancing its market presence and distribution capabilities.
MPC
Marathon Petroleum Corp (MPC)

When did it IPO

2011

Staff Count

18,200

Country

United States

Sector/Industry

Energy/Oil & Gas Refining & Marketing

CEO

Ms. Maryann T. Mannen

Market Cap

$49.90B

Marathon Petroleum Corp (MPC) Financial Data

In 2023, MPC generated $148.38B in revenue, which was a decrease of -16.38% from the previous year. This can be seen as a signal that MPC's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$69.78B

Revenue From 2021

$119.98B

71.95 %
From Previous Year

Revenue From 2022

$177.45B

47.90 %
From Previous Year

Revenue From 2023

$148.38B

-16.38 %
From Previous Year
  • Revenue TTM $142.67B
  • Operating Margin TTM 3.2%
  • Gross profit TTM $16.51B
  • Return on assets TTM 11.2%
  • Return on equity TTM 30.8%
  • Profit Margin 3.2%
  • Book Value Per Share 62.53%
  • Market capitalisation $49.90B
  • Revenue for 2021 $119.98B
  • Revenue for 2022 $177.45B
  • Revenue for 2023 $148.38B
  • EPS this year (TTM) $12.89

Marathon Petroleum Corp (MPC) Latest News

News Image

Tue, 05 Nov 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - Marathon Petroleum reported a decline in third-quarter profit due to weak fuel demand, which negatively impacted refining margins.

Why It Matters - Lower profits at Marathon Petroleum signal weakening fuel demand and reduced refining margins, potentially affecting stock performance and investor sentiment in the energy sector.

News Image

Tue, 05 Nov 2024

Sentiment - NEGATIVE

Source - Proactive Investors

Summary - Marathon Petroleum Corp (NYSE:MPC) reported Q3 2024 net income of $622 million ($1.87/share), down from $3.3 billion ($8.28/share) last year, due to lower refining margins.

Why It Matters - Marathon Petroleum's sharp profit decline signals weakening refining margins, impacting future earnings and investor confidence in the company's financial health.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Marathon Petroleum Corporation (NYSE:MPC) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 11:00 AM ET, featuring key executives and analysts.

Why It Matters - Marathon Petroleum's Q3 earnings call is a key event for assessing financial performance and strategic direction, influencing stock valuation and investment decisions.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Marathon Petroleum's Q3 earnings surpassed expectations, boosting shares by over 3%. Despite a drop in implied equity value, strong capital returns and firm US demand present investment potential.

Why It Matters - Marathon Petroleumโ€™s strong Q3 earnings amid share price drops indicate potential undervaluation. Robust capital returns and steady US demand suggest a favorable investment outlook.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Marathon Petroleum Corp. reported Q3 2024 net income of $622 million ($1.87/share), down from $3.3 billion last year. Adjusted EBITDA was $2.5 billion. The company announced a $5 billion share repurchase and a 10% dividend increase.

Why It Matters - MPC's significant decline in net income and adjusted EBITDA year-over-year may raise concerns about profitability and growth, while share repurchase and dividend increases signal confidence in future performance.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - Marathon Petroleum Corporation (MPC) shares rose on Wednesday, according to Scotiabank analyst Paul.

Why It Matters - Rising shares of Marathon Petroleum may indicate positive market sentiment or favorable analyst ratings, potentially influencing investor confidence and stock performance in the energy sector.

...

MPC Frequently asked questions

The highest forecasted price for MPC is $200 from Nitin Kumar at Mizuho.

The lowest forecasted price for MPC is $143 from Ryan Todd from Piper Sandler

The MPC analyst ratings consensus are 14 buy ratings, 5 hold ratings, and 0 sell ratings.