Marathon Petroleum (MPC) Stock Forecast, Price Target & Predictions
MPC Stock Forecast
Marathon Petroleum stock forecast is as follows: an average price target of $157.20 (represents a -5.30% downside from MPC’s last price of $166.00) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
MPC Price Target
The average price target for Marathon Petroleum (MPC) is $157.20 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $231.00 to $73.00. This represents a potential -5.30% downside from MPC's last price of $166.00.
MPC Analyst Ratings
According to 13 Wall Street analysts, Marathon Petroleum's rating consensus is 'Buy'. The analyst rating breakdown for MPC stock is 1 'Strong Buy' (7.69%), 11 'Buy' (84.62%), 1 'Hold' (7.69%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Marathon Petroleum Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 17, 2024 | Doug Leggate | Wolfe Research | $200.00 | $165.56 | 20.80% | 20.48% |
| Jul 14, 2024 | Lloyd Byrne | Jefferies | $231.00 | $165.46 | 39.61% | 39.16% |
| Jul 12, 2024 | Roger Read | Wells Fargo | $196.00 | $164.29 | 19.30% | 18.07% |
| Jun 20, 2024 | Nitin Kumar | Mizuho Securities | $201.00 | $172.45 | 16.56% | 21.08% |
| Jun 14, 2024 | Ryan Todd | Piper Sandler | $168.00 | $168.90 | -0.53% | 1.20% |
| May 30, 2024 | Justin Jenkins | Raymond James | $230.00 | $174.66 | 31.69% | 38.55% |
| May 14, 2024 | Ryan Todd | Piper Sandler | $190.00 | $177.86 | 6.83% | 14.46% |
| May 13, 2024 | Nitin Kumar | Mizuho Securities | $203.00 | $179.56 | 13.05% | 22.29% |
| May 06, 2024 | Theresa Chen | Barclays | $195.00 | $182.55 | 6.82% | 17.47% |
| Apr 12, 2024 | Nitin Kumar | Mizuho Securities | $202.00 | $212.27 | -4.84% | 21.69% |
The latest Marathon Petroleum stock forecast, released on Jul 17, 2024 by Doug Leggate from Wolfe Research, set a price target of $200.00, which represents a 20.80% increase from the stock price at the time of the forecast ($165.56), and a 20.48% increase from MPC last price ($166.00).
Marathon Petroleum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 12 |
| Avg Price Target | - | $199.20 | $203.92 |
| Last Closing Price | $166.00 | $166.00 | $166.00 |
| Upside/Downside | -100.00% | 20.00% | 22.84% |
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 $166.00. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 07, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 14, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 12, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jun 14, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 30, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| May 14, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 06, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 05, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 05, 2024 | Barclays | Overweight | Overweight | Hold |
Marathon Petroleum's last stock rating was published by Cowen & Co. on Aug 07, 2024. The company gave MPC a "Buy" rating, the same as its previous rate.
Marathon Petroleum Financial Forecast
Marathon Petroleum Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.34B | $41.58B | $36.82B | $34.86B | $39.81B | $45.79B | - | $38.06B | $35.34B | $32.32B | $29.61B | $22.71B | $17.97B | $17.41B |
| Avg Forecast | $64.64B | $62.20B | $59.86B | $57.61B | $33.77B | $34.91B | $35.14B | $32.92B | $34.02B | $35.36B | $35.68B | $33.80B | $36.11B | $36.86B | $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 | $77.95B | $75.01B | $72.19B | $69.47B | $40.73B | $42.10B | $42.38B | $39.71B | $41.02B | $42.64B | $43.03B | $40.76B | $43.54B | $46.42B | $44.20B | $38.68B | $41.39B | $53.12B | $39.32B | $40.01B | $40.91B | $43.23B | $40.34B | $36.42B | $25.00B | $23.02B | $24.70B | $22.86B | $21.13B | $23.33B |
| Low Forecast | $45.82B | $44.09B | $42.43B | $40.83B | $23.94B | $24.74B | $24.91B | $23.34B | $24.11B | $25.06B | $25.29B | $23.96B | $25.59B | $27.28B | $25.98B | $22.73B | $27.49B | $26.47B | $23.11B | $23.52B | $24.05B | $25.41B | $40.34B | $22.43B | $15.40B | $14.18B | $15.22B | $14.08B | $13.01B | $14.37B |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.10% | 1.13% | 1.05% | 1.17% | 1.28% | - | 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 $22.73B, and a high forecast of $38.68B. 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.94B | $5.13B | $3.64B | $3.85B | $4.47B | $6.49B | - | $2.56B | $2.13B | $1.82B | $9.71B | $970.00M | $1.27B | $-349.00M |
| Avg Forecast | $5.01B | $4.82B | $4.64B | $4.47B | $2.62B | $2.71B | $2.72B | $2.55B | $2.64B | $2.74B | $2.77B | $2.62B | $2.80B | $2.86B | $2.84B | $1.77B | $2.71B | $2.92B | $2.53B | $1.61B | $2.63B | $2.28B | $3.13B | $1.46B | $1.90B | $1.80B | $5.46B | $1.50B | $1.70B | $-443.44M |
| High Forecast | $6.04B | $5.82B | $5.60B | $5.39B | $3.16B | $3.26B | $3.29B | $3.08B | $3.18B | $3.31B | $3.34B | $3.16B | $3.38B | $3.60B | $3.43B | $2.12B | $3.21B | $4.12B | $3.05B | $1.93B | $3.17B | $2.73B | $3.13B | $1.75B | $2.27B | $2.16B | $6.55B | $1.80B | $2.04B | $-354.75M |
| Low Forecast | $3.55B | $3.42B | $3.29B | $3.17B | $1.86B | $1.92B | $1.93B | $1.81B | $1.87B | $1.94B | $1.96B | $1.86B | $1.98B | $2.12B | $2.01B | $1.41B | $2.13B | $2.05B | $1.79B | $1.28B | $1.86B | $1.82B | $3.13B | $1.17B | $1.52B | $1.44B | $4.37B | $1.20B | $1.36B | $-532.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.76% | 1.44% | 2.40% | 1.70% | 2.85% | - | 1.76% | 1.13% | 1.01% | 1.78% | 0.65% | 0.75% | 0.79% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.36B | $3.28B | $2.23B | $2.72B | $3.32B | $4.48B | - | $1.17B | $1.10B | $694.00M | $8.51B | $-242.00M | $285.00M | $-886.00M |
| Avg Forecast | $824.57M | $2.33B | $2.80B | $-120.78M | $869.40M | $1.78B | $1.96B | $652.79M | $825.49M | $1.81B | $1.81B | $645.03M | $843.86M | $1.09B | $1.08B | $672.42M | $766.44M | $2.71B | $1.59B | $611.29M | $1.98B | $865.72M | $3.23B | $555.72M | $688.00M | $684.36M | $4.79B | $-374.25M | $380.00M | $-1.13B |
| High Forecast | $1.05B | $2.96B | $3.56B | $-75.06M | $1.10B | $2.26B | $2.48B | $827.56M | $1.05B | $2.29B | $2.30B | $817.72M | $1.07B | $1.85B | $1.37B | $806.91M | $935.32M | $2.83B | $2.02B | $733.55M | $2.51B | $1.04B | $3.23B | $666.86M | $825.60M | $821.23M | $5.74B | $-299.40M | $456.00M | $-900.59M |
| Low Forecast | $512.41M | $1.45B | $1.74B | $-153.12M | $540.27M | $1.11B | $1.22B | $405.66M | $512.98M | $1.12B | $1.13B | $400.84M | $524.40M | $840.43M | $672.14M | $537.94M | $646.28M | $2.59B | $990.64M | $489.03M | $1.23B | $692.57M | $3.23B | $444.58M | $550.40M | $547.49M | $3.83B | $-449.10M | $304.00M | $-1.35B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.77% | 1.21% | 1.40% | 4.46% | 1.67% | 5.17% | - | 2.11% | 1.61% | 1.01% | 1.78% | 0.65% | 0.75% | 0.79% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $820.00M | $824.00M | $704.00M | $691.00M | $763.00M | $712.00M | - | $603.00M | $656.00M | $681.00M | $625.00M | $575.00M | $630.00M | $673.00M |
| Avg Forecast | $1.62B | $1.56B | $1.50B | $1.44B | $846.20M | $874.66M | $880.61M | $825.00M | $852.40M | $885.92M | $894.05M | $846.87M | $904.71M | $923.51M | $918.48M | $479.85M | $874.56M | $943.78M | $816.97M | $436.22M | $850.06M | $849.50M | $1.01B | $396.57M | $583.11M | $671.54M | $351.39M | $889.23M | $840.00M | $855.11M |
| High Forecast | $1.95B | $1.88B | $1.81B | $1.74B | $1.02B | $1.05B | $1.06B | $994.89M | $1.03B | $1.07B | $1.08B | $1.02B | $1.09B | $1.16B | $1.11B | $575.82M | $1.04B | $1.33B | $985.22M | $523.47M | $1.03B | $1.02B | $1.01B | $475.88M | $699.73M | $805.85M | $421.67M | $1.07B | $1.01B | $1.03B |
| Low Forecast | $1.15B | $1.10B | $1.06B | $1.02B | $599.78M | $619.95M | $624.17M | $584.75M | $604.17M | $627.93M | $633.69M | $600.25M | $641.25M | $683.62M | $651.01M | $383.88M | $688.91M | $663.23M | $579.06M | $348.98M | $602.51M | $679.60M | $1.01B | $317.25M | $466.49M | $537.23M | $281.11M | $711.38M | $672.00M | $684.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.87% | 0.86% | 1.58% | 0.90% | 0.84% | - | 1.52% | 1.13% | 1.01% | 1.78% | 0.65% | 0.75% | 0.79% |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 10 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.60 | $8.32 | $5.34 | $6.13 | $7.13 | $9.12 | - | $2.08 | $1.83 | $1.10 | $13.09 | $-0.37 | $0.29 | $-1.57 |
| Avg Forecast | $2.36 | $6.67 | $8.01 | $-0.35 | $2.48 | $5.10 | $5.59 | $1.87 | $2.36 | $5.16 | $5.18 | $1.84 | $2.41 | $3.11 | $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 | $2.99 | $8.45 | $10.16 | $-0.21 | $3.15 | $6.46 | $7.09 | $2.36 | $2.99 | $6.54 | $6.57 | $2.34 | $3.06 | $5.28 | $3.92 | $3.22 | $2.67 | $8.10 | $5.77 | $7.04 | $7.18 | $8.97 | $8.91 | $1.56 | $0.68 | $0.87 | $0.48 | $-0.46 | $-0.88 | $-1.11 |
| Low Forecast | $1.46 | $4.14 | $4.98 | $-0.44 | $1.54 | $3.17 | $3.48 | $1.16 | $1.47 | $3.21 | $3.22 | $1.15 | $1.50 | $2.40 | $1.92 | $1.58 | $1.85 | $7.41 | $2.83 | $3.45 | $3.52 | $4.40 | $8.91 | $0.81 | $0.35 | $0.46 | $0.25 | $-0.89 | $-1.69 | $-2.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.64% | 1.07% | 1.17% | 1.10% | 1.26% | 1.29% | - | 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 $1.58 and a high estimate of $3.22. This represents a -29.48% decrease compared to MPC previous annual EPS of $3.60 (Dec 23).
Marathon Petroleum Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PBF | PBF Energy | $32.33 | $46.10 | 42.59% | Buy |
| DINO | HF Sinclair | $45.69 | $58.88 | 28.87% | Buy |
| DK | Delek US | $19.52 | $23.14 | 18.55% | Hold |
| VLO | Valero Energy | $134.19 | $148.92 | 10.98% | Buy |
| SUN | Sunoco LP | $51.87 | $54.60 | 5.26% | Buy |
| PSX | Phillips 66 | $128.14 | $124.50 | -2.84% | Buy |
| DKL | Delek Logistics Partners, LP | $41.60 | $40.00 | -3.85% | Buy |
| CVI | CVR Energy | $23.10 | $22.00 | -4.76% | Buy |
| MPC | Marathon Petroleum | $166.00 | $157.20 | -5.30% | Buy |
MPC Forecast FAQ
Is Marathon Petroleum a good buy?
Yes, according to 13 Wall Street analysts, Marathon Petroleum (MPC) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 92.31% of MPC's total ratings.
What is MPC's price target?
Marathon Petroleum (MPC) average price target is $157.2 with a range of $73 to $231, implying a -5.30% from its last price of $166. The data is based on 13 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 down by -5.30% (from the last price of $166 to the average price target of $157.2), up by 39.16% based on the highest stock price target, and down by -56.02% based on the lowest stock price target.
Can Marathon Petroleum stock reach $200?
MPC's highest twelve months analyst stock price target of $231 supports 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 $136.75B (high $164.91B, low $96.93B), average EBITDA is $10.6B (high $12.79B, low $7.51B), average net income is $5.26B (high $6.67B, low $3.27B), average SG&A $3.43B (high $4.13B, low $2.43B), and average EPS is $15.04 (high $19.07, low $9.35). MPC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $244.31B (high $294.62B, low $173.16B), average EBITDA is $18.94B (high $22.84B, low $13.43B), average net income is $5.84B (high $7.48B, low $3.55B), average SG&A $6.12B (high $7.38B, low $4.34B), and average EPS is $16.69 (high $21.38, low $10.15).
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 $9.76B by 72.77%. The company's net income was $9.48B, beating the average estimation of $5.68B by 66.86%. Apple's SG&A was $3.04B, missing the average forecast of $3.07B by -1.06%. 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 $2.71B by 8.53%. Marathon Petroleum's net income was $1.36B, beating the average estimation of $766.44M by 77.31%. The company's SG&A was $820M, missing the average forecast of $874.56M by -6.24%. Lastly, the company's EPS was $3.6, beating the average prediction of $2.19 by 64.40%