Marathon Petroleum (MPC) Stock Forecast & Price Target

$158.31

+0.41 (+0.26%)

(As of 10/17/2024 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 17 Analyst Ratings

Sell
2

Hold
5

Buy
10

Based on 17 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 17 analysts, 2 have given a sell rating, 5 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for MPC.

Consensus Price Target

$187.00
18.12% Upside

According to the 17 analysts' twelve-month price targets for Marathon Petroleum, the average price target is $187.00. The highest price target for MPC is $231.00, while the lowest price target for MPC is $145.00. The average price target represents a forecasted upside of 18.12% from the current price of $158.31.

MPC Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	9 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)	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$187.00	$199.46	$193.64	$157.62
Forecasted Upside	18.12% Upside	21.72% Upside	17.23% Upside	2.36% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	Energy Companies	S&P 500
Consensus Rating Score	2.53	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	20.74% Upside	87.53% Upside	6.15% Upside
News Sentiment Rating	Neutral News See Recent MPC News	Neutral 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
10/17/2024	Bank of America 4 of 5 stars		Initiated Coverage	Neutral	$174.00	+10.15%
10/10/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$172.00 ➝ $167.00	+1.05%
10/10/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$191.00 ➝ $170.00	+2.46%
10/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $168.00	+2.67%
10/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$172.00 ➝ $171.00	+5.04%
10/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$196.00 ➝ $183.00	+13.17%
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10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$200.00 ➝ $190.00	+10.93%
9/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$168.00 ➝ $145.00	-10.33%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$196.00 ➝ $182.00	+13.74%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$198.00 ➝ $193.00	+18.35%
9/9/2024	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:21 PM ET.

Should I Buy Marathon Petroleum Stock? MPC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 8, 2024. Please send any questions or comments about these Marathon Petroleum pros and cons to contact@marketbeat.com.

Marathon Petroleum
Bull Case

Here are some ways that investors could benefit from investing in Marathon Petroleum Co.:

Marathon Petroleum Co. has a current stock price of $161.16, potentially offering a good entry point for investors.
Marathon Petroleum Co. reported strong quarterly earnings, beating the consensus estimate by $1.03 per share, indicating solid financial performance.
The company has a dividend yield of 2.05%, providing investors with a steady income stream.
Marathon Petroleum Co. has a diverse business model operating in the downstream energy sector, which can provide stability and resilience to market fluctuations.
Analysts have assigned buy and strong buy ratings to the stock, indicating positive sentiment and growth potential.

Marathon Petroleum
Bear Case

Investors should be bearish about investing in Marathon Petroleum Co. for these reasons:

Some analysts have issued sell ratings on Marathon Petroleum Co. stock, suggesting potential risks or challenges ahead.
The company's stock price has experienced a decline, which may raise concerns about short-term performance.
Marathon Petroleum Co. operates in the oil and gas industry, which is subject to volatility due to factors like geopolitical events and oil price fluctuations.
There is a debt-to-equity ratio of 0.86, indicating the company's reliance on debt financing, which can pose risks during economic downturns.
Market consensus rating for Marathon Petroleum Co. is "Hold," suggesting mixed opinions among analysts about the stock's future performance.

MPC Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Petroleum is $187.00, with a high forecast of $231.00 and a low forecast of $145.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MPC shares.
: According to analysts, Marathon Petroleum's stock has a predicted upside of 18.12% based on their 12-month stock forecasts.
: Over the previous 90 days, Marathon Petroleum's stock had 2 downgrades by analysts.
: Marathon Petroleum has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, TD Cowen, Tudor Pickering, Tudor, Pickering, Holt & Co., and Wells Fargo & Company in the past 90 days.
: Analysts like Marathon Petroleum less than other "energy" companies. The consensus rating score for Marathon Petroleum is 2.53 while the average consensus rating score for "energy" companies is 2.81. Learn more on how MPC compares to other companies.

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This page (NYSE:MPC) was last updated on 10/17/2024 by MarketBeat.com Staff

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Marathon Petroleum (MPC) Stock Forecast & Price Target