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Marathon Petroleum (MPC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MPC Stock Forecast

Marathon Petroleum stock forecast is as follows: an average price target of $170.40 (represents a 12.56% upside from MPC’s last price of $151.39) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

MPC Price Target

The average price target for Marathon Petroleum (MPC) is $170.40 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $189.00 to $145.00. This represents a potential 12.56% upside from MPC's last price of $151.39.

MPC Analyst Ratings

Buy

According to 14 Wall Street analysts, Marathon Petroleum's rating consensus is 'Buy'. The analyst rating breakdown for MPC stock is 1 'Strong Buy' (7.14%), 12 'Buy' (85.71%), 1 'Hold' (7.14%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Marathon Petroleum Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 19, 2024Joe LaetschMorgan Stanley$174.00$151.0615.19%14.93%
Oct 17, 2024Jean Ann SalisburyBank of America Securities$174.00$157.9010.20%14.93%
Oct 10, 2024Paul ChengScotiabank$170.00$162.614.54%12.29%
Sep 24, 2024Ryan ToddPiper Sandler$145.00$164.22-11.70%-4.22%
Sep 14, 2024Manav GuptaUBS$189.00$163.5815.54%24.84%
Jul 17, 2024Doug LeggateWolfe Research$200.00$165.5620.80%32.11%
Jul 14, 2024Lloyd ByrneJefferies$231.00$165.4639.61%52.59%
Jul 12, 2024Roger ReadWells Fargo$196.00$164.2919.30%29.47%
Jun 20, 2024Nitin KumarMizuho Securities$201.00$172.4516.56%32.77%
Jun 14, 2024Ryan ToddPiper Sandler$168.00$168.90-0.53%10.97%
May 30, 2024Justin JenkinsRaymond James$230.00$174.6631.69%51.93%
May 14, 2024Ryan ToddPiper Sandler$190.00$177.866.83%25.50%
May 13, 2024Nitin KumarMizuho Securities$203.00$179.5613.05%34.09%
May 06, 2024Theresa ChenBarclays$195.00$182.556.82%28.81%
Apr 12, 2024Nitin KumarMizuho Securities$202.00$212.27-4.84%33.43%
Apr 05, 2024Ryan ToddPiper Sandler$204.00$216.25-5.66%34.75%
Apr 04, 2024Roger ReadWells Fargo$227.00$214.965.60%49.94%
Mar 10, 2023Nitin KumarMizuho Securities$160.00$128.3824.63%5.69%
Mar 09, 2023Manav GuptaUBS$165.00$129.4127.50%8.99%
Feb 01, 2023Cowen & Co.$143.00$123.8515.46%-5.54%
Feb 01, 2023Wells Fargo$153.00$125.6721.75%1.06%
Feb 01, 2023Raymond James$165.00$128.5228.38%8.99%
Jan 13, 2023Raymond James$155.00$122.0826.97%2.38%
Dec 19, 2022Piper Sandler$143.00$109.7530.30%-5.54%
Aug 16, 2022Roger ReadWells Fargo$117.00$95.7922.14%-22.72%
Jun 29, 2022Phillip JungwirthBMO Capital$135.00$84.4859.80%-10.83%
Jun 14, 2022Roger ReadWells Fargo$129.00$102.1726.26%-14.79%
May 04, 2022Credit Suisse$110.00$93.4217.75%-27.34%
Apr 26, 2022Citigroup$108.00$84.8627.27%-28.66%
Apr 25, 2022Connor LynaghMorgan Stanley$115.00$84.0836.77%-24.04%
Apr 21, 2022Wells Fargo$110.00$90.9820.91%-27.34%
Jan 19, 2022Prashant RaoCitigroup$85.00$72.8116.74%-43.85%
Jan 11, 2022Theresa ChenBarclays$80.00$72.1610.86%-47.16%
Jan 10, 2022Doug LeggateBank of America Securities$88.00$69.9325.84%-41.87%
Nov 17, 2021Lloyd ByrneUBS$73.00$63.1115.67%-51.78%
Nov 03, 2021Neil MehtaGoldman Sachs$73.00$62.6616.50%-51.78%
May 04, 2021Sam MargolinWolfe Research$68.00$55.2922.99%-55.08%

The latest Marathon Petroleum stock forecast, released on Dec 19, 2024 by Joe Laetsch from Morgan Stanley, set a price target of $174.00, which represents a 15.19% increase from the stock price at the time of the forecast ($151.06), and a 14.93% increase from MPC last price ($151.39).

Marathon Petroleum Price Target by Period

1M3M12M
# Anlaysts-117
Avg Price Target-$174.00$194.06
Last Closing Price$151.39$151.39$151.39
Upside/Downside-100.00%14.93%28.19%

In the current month, the average price target of Marathon Petroleum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Marathon Petroleum's last price of $151.39. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 19, 2024Morgan StanleyOverweightOverweightHold
Oct 10, 2024ScotiabankOutperformOutperformHold
Sep 24, 2024Piper SandlerNeutralNeutralHold
Sep 14, 2024UBSBuyBuyHold
Aug 07, 2024Cowen & Co.BuyBuyHold
Jul 17, 2024Wolfe ResearchOutperformInitialise
Jul 14, 2024JefferiesBuyBuyHold
Jul 12, 2024Wells FargoOverweightOverweightHold
Jun 14, 2024Piper SandlerNeutralNeutralHold
May 30, 2024Raymond JamesStrong BuyStrong BuyHold
May 14, 2024Piper SandlerNeutralNeutralHold
May 06, 2024BarclaysOverweightOverweightHold
Apr 05, 2024Piper SandlerNeutralNeutralHold
Apr 05, 2024BarclaysOverweightOverweightHold
Apr 04, 2024UBSBuyBuyHold
Apr 04, 2024Wells FargoOverweightOverweightHold
Jan 31, 2024Raymond JamesStrong BuyStrong BuyHold
Nov 01, 2023Raymond JamesStrong BuyStrong BuyHold
Jul 11, 2023BarclaysOverweightOverweightHold
Mar 29, 2023Goldman SachsBuyUpgrade
Mar 10, 2023BarclaysBuyUpgrade
Mar 10, 2023Mizuho SecuritiesBuyUpgrade
Mar 09, 2023UBSBuyInitialise
Mar 03, 2023JefferiesBuyUpgrade
Feb 01, 2023Cowen & Co.OutperformOutperformHold
Feb 01, 2023Wells FargoOverweightOverweightHold
Jan 13, 2023Raymond JamesStrong BuyStrong BuyHold
Dec 19, 2022Piper SandlerNeutralNeutralHold
Aug 16, 2022Wells FargoOverweightOverweightHold
Jun 30, 2022Wells FargoOverweightOverweightHold
Jun 29, 2022BMO CapitalOutperformInitialise
May 23, 2022Piper SandlerNeutralNeutralHold
Apr 26, 2022CitigroupBuyBuyHold
Apr 25, 2022Morgan StanleyOverweightOverweightHold

Marathon Petroleum's last stock rating was published by Morgan Stanley on Dec 19, 2024. The company gave MPC a "Overweight" rating, the same as its previous rate.

Marathon Petroleum Financial Forecast

Marathon Petroleum Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$36.34B$41.58B$36.82B$34.86B$39.81B$45.79B$53.80B$38.06B$35.34B$32.32B$29.61B$22.71B$17.97B$17.41B
Avg Forecast$58.48B$56.26B$54.12B$52.07B$33.81B$34.96B$35.40B$33.06B$31.47B$33.56B$33.44B$32.03B$33.14B$34.34B$36.66B$32.07B$34.90B$37.67B$32.60B$33.18B$33.93B$35.85B$40.34B$30.83B$21.16B$19.48B$20.91B$19.35B$17.89B$19.75B
High Forecast$74.46B$71.63B$68.92B$66.30B$43.05B$44.52B$45.07B$42.09B$40.07B$42.74B$42.57B$42.11B$43.15B$35.92B$36.66B$32.07B$41.39B$53.12B$41.52B$42.25B$41.95B$35.85B$40.34B$30.83B$21.16B$19.48B$20.91B$19.35B$17.89B$19.75B
Low Forecast$39.89B$38.38B$36.92B$35.52B$23.06B$23.85B$24.15B$22.55B$21.47B$22.90B$22.81B$21.95B$23.14B$32.77B$36.66B$32.07B$27.49B$26.47B$22.24B$22.64B$24.80B$35.85B$40.34B$30.83B$21.16B$19.48B$20.91B$19.35B$17.89B$19.75B
# Analysts444444443335632248544343545453
Surprise %----------------1.04%1.10%1.13%1.05%1.17%1.28%1.33%1.23%1.67%1.66%1.42%1.17%1.00%0.88%

Marathon Petroleum's average Quarter revenue forecast for Mar 24 based on 2 analysts is $32.07B, with a low forecast of $32.07B, and a high forecast of $32.07B. MPC's average Quarter revenue forecast represents a -11.74% decrease compared to the company's last Quarter revenue of $36.34B (Dec 23).

Marathon Petroleum EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335632248544343545453
EBITDA----------------$2.94B$5.13B$3.64B$3.85B$4.47B$6.49B$7.85B$2.56B$2.13B$1.82B$9.71B$970.00M$1.27B$-349.00M
Avg Forecast$3.07B$2.95B$2.84B$2.73B$1.77B$1.84B$1.86B$1.74B$1.65B$1.76B$1.76B$1.68B$1.74B$1.80B$1.92B$1.77B$1.83B$1.98B$1.71B$1.61B$2.08B$2.78B$3.13B$1.46B$1.64B$1.51B$1.62B$1.50B$1.39B$1.53B
High Forecast$3.91B$3.76B$3.62B$3.48B$2.26B$2.34B$2.37B$2.21B$2.10B$2.24B$2.23B$2.21B$2.27B$1.89B$1.92B$2.12B$2.17B$2.79B$2.18B$1.93B$2.50B$2.78B$3.13B$1.75B$1.64B$1.51B$1.62B$1.80B$1.39B$1.53B
Low Forecast$2.09B$2.01B$1.94B$1.86B$1.21B$1.25B$1.27B$1.18B$1.13B$1.20B$1.20B$1.15B$1.21B$1.72B$1.92B$1.41B$1.44B$1.39B$1.17B$1.28B$1.67B$2.78B$3.13B$1.17B$1.64B$1.51B$1.62B$1.20B$1.39B$1.53B
Surprise %----------------1.60%2.59%2.13%2.40%2.14%2.34%2.51%1.76%1.30%1.21%5.99%0.65%0.92%-0.23%

2 analysts predict MPC's average Quarter EBITDA for Mar 24 to be $1.77B, with a high of $2.12B and a low of $1.41B. This is -39.88% lower than Marathon Petroleum's previous annual EBITDA (Dec 23) of $2.94B.

Marathon Petroleum Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335632248544343545453
Net Income----------------$1.36B$3.28B$2.23B$2.72B$3.32B$4.48B$5.87B$1.17B$1.10B$694.00M$8.51B$-242.00M$285.00M$-886.00M
Avg Forecast$317.21M$1.66B$1.77B$69.53M$647.16M$1.51B$1.53B$349.80M$324.20M$1.07B$1.09B$230.19M$7.37M$327.46M$1.03B$672.42M$727.02M$2.57B$1.51B$611.29M$756.80M$2.48B$3.12B$555.72M$191.43M$247.26M$135.50M$-374.25M$-478.78M$-598.96M
High Forecast$429.92M$2.25B$2.40B$94.23M$877.10M$2.04B$2.08B$474.09M$439.39M$1.45B$1.48B$336.70M$51.35M$443.81M$1.03B$806.91M$887.21M$2.69B$2.05B$733.55M$908.16M$2.48B$3.12B$666.86M$191.43M$247.26M$135.50M$-299.40M$-478.78M$-598.96M
Low Forecast$186.17M$976.08M$1.04B$40.80M$379.81M$885.25M$900.11M$205.29M$190.27M$628.11M$641.11M$34.36M$-143.05M$192.18M$1.03B$537.94M$613.04M$2.46B$887.45M$489.03M$605.44M$2.48B$3.12B$444.58M$191.43M$247.26M$135.50M$-449.10M$-478.78M$-598.96M
Surprise %----------------1.87%1.28%1.47%4.46%4.39%1.81%1.88%2.11%5.77%2.81%62.82%0.65%-0.60%1.48%

Marathon Petroleum's average Quarter net income forecast for Mar 24 is $672.42M, with a range of $537.94M to $806.91M. MPC's average Quarter net income forecast represents a -50.52% decrease compared to the company's last Quarter net income of $1.36B (Dec 23).

Marathon Petroleum SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335632248544343545453
SG&A----------------$820.00M$824.00M$704.00M$691.00M$763.00M$712.00M$694.00M$603.00M$656.00M$681.00M$625.00M$575.00M$630.00M$673.00M
Avg Forecast$1.46B$1.41B$1.35B$1.30B$846.25M$875.22M$886.12M$827.47M$787.72M$840.19M$836.98M$801.86M$829.60M$859.68M$917.58M$479.85M$873.71M$942.86M$816.18M$436.22M$641.42M$898.27M$1.01B$396.57M$530.28M$488.22M$523.95M$889.23M$448.14M$494.89M
High Forecast$1.86B$1.79B$1.73B$1.66B$1.08B$1.11B$1.13B$1.05B$1.00B$1.07B$1.07B$1.05B$1.08B$899.04M$917.58M$575.82M$1.04B$1.33B$1.04B$523.47M$769.71M$898.27M$1.01B$475.88M$530.28M$488.22M$523.95M$1.07B$448.14M$494.89M
Low Forecast$998.63M$960.76M$924.32M$889.26M$577.32M$597.09M$604.52M$564.51M$537.39M$573.19M$571.00M$549.42M$579.26M$820.32M$917.58M$383.88M$688.24M$662.58M$556.81M$348.98M$513.14M$898.27M$1.01B$317.25M$530.28M$488.22M$523.95M$711.38M$448.14M$494.89M
Surprise %----------------0.94%0.87%0.86%1.58%1.19%0.79%0.69%1.52%1.24%1.39%1.19%0.65%1.41%1.36%

Marathon Petroleum's average Quarter SG&A projection for Mar 24 is $479.85M, based on 2 Wall Street analysts, with a range of $383.88M to $575.82M. The forecast indicates a -41.48% fall compared to MPC last annual SG&A of $820.00M (Dec 23).

Marathon Petroleum EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts444444443335632248544343545453
EPS----------------$3.60$8.32$5.34$6.13$7.13$9.12$11.03$2.08$1.83$1.10$13.09$-0.37$0.29$-1.57
Avg Forecast$0.96$5.01$5.33$0.21$1.95$4.54$4.62$1.05$0.98$3.22$3.29$0.69$0.02$0.99$3.09$2.54$2.19$7.75$4.55$5.55$5.67$7.08$8.91$1.26$0.55$0.71$0.39$-0.72$-1.37$-1.71
High Forecast$1.29$6.79$7.22$0.28$2.64$6.16$6.26$1.43$1.32$4.37$4.46$1.01$0.15$1.34$3.09$2.54$2.67$8.10$6.17$7.53$7.41$7.08$8.91$1.26$0.55$0.71$0.39$-0.72$-1.37$-1.71
Low Forecast$0.56$2.94$3.13$0.12$1.14$2.67$2.71$0.62$0.57$1.89$1.93$0.10$-0.43$0.58$3.09$2.54$1.85$7.41$2.67$3.26$3.69$7.08$8.91$1.26$0.55$0.71$0.39$-0.72$-1.37$-1.71
Surprise %----------------1.64%1.07%1.17%1.10%1.26%1.29%1.24%1.65%3.35%1.56%33.81%0.51%-0.21%0.92%

According to 2 Wall Street analysts, Marathon Petroleum's projected average Quarter EPS for Mar 24 is $2.54, with a low estimate of $2.54 and a high estimate of $2.54. This represents a -29.48% decrease compared to MPC previous annual EPS of $3.60 (Dec 23).

Marathon Petroleum Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DINOHF Sinclair$36.48$51.6741.64%Buy
PSXPhillips 66$122.16$138.7513.58%Buy
SUNSunoco LP$56.70$64.0012.87%Buy
DKDelek US$18.61$21.0012.84%Hold
MPCMarathon Petroleum$151.39$170.4012.56%Buy
VLOValero Energy$139.48$155.0011.13%Buy
PBFPBF Energy$30.45$31.001.81%Buy
DKLDelek Logistics Partners, LP$43.52$43.670.34%Buy
CVICVR Energy$19.67$19.50-0.86%Buy

MPC Forecast FAQ

Is Marathon Petroleum a good buy?

Yes, according to 14 Wall Street analysts, Marathon Petroleum (MPC) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 12 'Buy' recommendations, accounting for 92.86% of MPC's total ratings.

What is MPC's price target?

Marathon Petroleum (MPC) average price target is $170.4 with a range of $145 to $189, implying a 12.56% from its last price of $151.39. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Marathon Petroleum stock go up soon?

According to Wall Street analysts' prediction for MPC stock, the company can go up by 12.56% (from the last price of $151.39 to the average price target of $170.4), up by 24.84% based on the highest stock price target, and down by -4.22% based on the lowest stock price target.

Can Marathon Petroleum stock reach $200?

MPC's average twelve months analyst stock price target of $170.4 does not support the claim that Marathon Petroleum can reach $200 in the near future.

What are Marathon Petroleum's analysts' financial forecasts?

Marathon Petroleum's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $137.22B (high $174.73B, low $93.62B), average EBITDA is $7.2B (high $9.17B, low $4.91B), average net income is $4.04B (high $5.47B, low $2.37B), average SG&A $3.44B (high $4.37B, low $2.34B), and average EPS is $12.17 (high $16.49, low $7.14). MPC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $220.93B (high $281.31B, low $150.72B), average EBITDA is $11.6B (high $14.77B, low $7.91B), average net income is $3.82B (high $5.18B, low $2.24B), average SG&A $5.53B (high $7.04B, low $3.77B), and average EPS is $11.5 (high $15.59, low $6.75).

Did the MPC's actual financial results beat the analysts' financial forecasts?

Based on Marathon Petroleum's last annual report (Dec 2023), the company's revenue was $148.47B, beating the average analysts forecast of $138.35B by 7.31%. Apple's EBITDA was $16.86B, beating the average prediction of $7.13B by 136.63%. The company's net income was $9.48B, beating the average estimation of $5.42B by 74.89%. Apple's SG&A was $3.04B, missing the average forecast of $3.07B by -0.98%. Lastly, the company's EPS was $23.19, beating the average prediction of $20.04 by 15.70%. In terms of the last quarterly report (Dec 2023), Marathon Petroleum's revenue was $36.34B, beating the average analysts' forecast of $34.9B by 4.11%. The company's EBITDA was $2.94B, beating the average prediction of $1.83B by 60.31%. Marathon Petroleum's net income was $1.36B, beating the average estimation of $727.02M by 86.93%. The company's SG&A was $820M, missing the average forecast of $873.71M by -6.15%. Lastly, the company's EPS was $3.6, beating the average prediction of $2.19 by 64.40%