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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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 Petroleumโs strong Q3 earnings amid share price drops indicate potential undervaluation. Robust capital returns and steady US demand suggest a favorable investment outlook.
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.
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.