Marathon Petroleum (MPC) Stock Forecast & Price Target

$164.67

+0.80 (+0.49%)

(As of 09/18/2024 ET)

Marathon Petroleum - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for Marathon Petroleum in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a sell rating, 5 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for MPC.

Consensus Price Target

$199.46
21.13% Upside

High Forecast	$231.00
Average Forecast	$199.46
Low Forecast	$168.00

According to the 16 analysts' twelve-month price targets for Marathon Petroleum, the average price target is $199.46. The highest price target for MPC is $231.00, while the lowest price target for MPC is $168.00. The average price target represents a forecasted upside of 21.13% from the current price of $164.67.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$199.46	$198.38	$192.08	$155.00
Forecasted Upside	21.13% Upside	14.95% Upside	9.69% Upside	13.67% Upside

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MPC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MPC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marathon Petroleum Stock vs. The Competition

Type	Marathon Petroleum	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.20% Upside	202.00% Upside	7.61% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$196.00 ➝ $182.00	+13.74%
9/16/2024	Mizuho 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$198.00 ➝ $193.00	+18.35%
9/9/2024	Tudor Pickering 5 of 5 stars	M. Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Strong Sell
9/9/2024	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell
8/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$187.00 ➝ $190.00	+11.27%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$200.00	+20.80%
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7/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$222.00 ➝ $231.00	+37.44%
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$207.00 ➝ $191.00	+15.44%
7/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$223.00 ➝ $196.00	+19.60%
7/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$191.00 ➝ $186.00	+6.30%
7/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$195.00 ➝ $185.00	+6.62%
6/14/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$190.00 ➝ $168.00	-1.30%
5/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$235.00 ➝ $230.00	+33.63%
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $211.00	+6.01%
3/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$185.00 ➝ $230.00	+19.07%
1/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
8/2/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$148.00 ➝ $152.00	+12.64%
3/8/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$165.00	+29.04%
2/1/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$133.00 ➝ $143.00	+11.27%
9/20/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$129.00	+32.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:57 PM ET.

MPC Forecast - Frequently Asked Questions

What is Marathon Petroleum's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Petroleum is $199.46, with a high forecast of $231.00 and a low forecast of $168.00.
Should I buy or sell Marathon Petroleum stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last year. There are currently 2 sell ratings, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MPC shares.
Does Marathon Petroleum's stock price have much upside?: According to analysts, Marathon Petroleum's stock has a predicted upside of 15.77% based on their 12-month stock forecasts.
Has Marathon Petroleum been downgraded by Wall Street analysts recently?: Over the previous 90 days, Marathon Petroleum's stock had 2 downgrades by analysts.
What analysts cover Marathon Petroleum?: Marathon Petroleum has been rated by research analysts at Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Scotiabank, TD Cowen, Tudor Pickering, Tudor, Pickering, Holt & Co., Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Marathon Petroleum more than its competitors?: Analysts like Marathon Petroleum less than other "oils/energy" companies. The consensus rating score for Marathon Petroleum is 2.50 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how MPC compares to other companies.