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Marathon Petroleum (MPC) Stock Forecast & Price Target

$167.44
+1.98 (+1.20%)
(As of 10:32 AM 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

Consensus Price Target

$193.15
15.36% Upside
High Forecast$231.00
Average Forecast$193.15
Low Forecast$152.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$193.15$192.23$193.77$143.54
Forecasted Upside15.36% Upside9.63% Upside3.65% Upside16.02% 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.
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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.
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Marathon Petroleum Stock vs. The Competition

TypeMarathon PetroleumOils/Energy CompaniesS&P 500
Consensus Rating Score
2.80
2.57
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside12.28% Upside301.29% Upside9.02% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$222.00 ➝ $231.00+37.44%
7/12/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$207.00 ➝ $191.00+15.44%
7/12/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$223.00 ➝ $196.00+19.60%
7/2/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$191.00 ➝ $186.00+6.30%
7/1/2024Barclays
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 Lower TargetOverweight ➝ Overweight$195.00 ➝ $185.00+6.62%
6/20/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$203.00 ➝ $201.00+14.53%
6/14/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$190.00 ➝ $168.00-1.30%
5/30/2024Tudor Pickering
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M. Blair
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UpgradeStrong-Buy
5/30/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$235.00 ➝ $230.00+33.63%
3/22/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$175.00 ➝ $211.00+6.01%
3/15/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$185.00 ➝ $230.00+19.07%
1/31/2024TD Cowen
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 Boost TargetOutperform$168.00 ➝ $170.00+0.06%
1/24/2024Citigroup
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 Initiated CoverageNeutral
10/17/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$150.00 ➝ $160.00+5.66%
8/2/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$148.00 ➝ $152.00+12.64%
3/8/2023UBS Group
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 Initiated CoverageBuy$165.00+29.04%
2/1/2023Cowen
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 Boost TargetOutperform$133.00 ➝ $143.00+11.27%
9/20/2022Cowen
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 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 Monday at 10:47 AM ET.

MPC Forecast - Frequently Asked Questions

What is Marathon Petroleum's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Petroleum is $193.15, with a high forecast of $231.00 and a low forecast of $152.00.

Should I buy or sell Marathon Petroleum stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last year. There are currently 5 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research 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 13.51% based on their 12-month stock forecasts.

Has Marathon Petroleum been upgraded by Wall Street analysts recently?

Over the previous 90 days, Marathon Petroleum's stock had 1 upgrade by analysts.

What analysts cover Marathon Petroleum?

Marathon Petroleum has been rated by research analysts at Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Piper Sandler, Raymond James, Scotiabank, Tudor Pickering, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Marathon Petroleum more than its competitors?

Analysts like Marathon Petroleum more than other "oils/energy" companies. The consensus rating score for Marathon Petroleum is 2.80 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how MPC compares to other companies.


This page (NYSE:MPC) was last updated on 7/15/2024 by MarketBeat.com Staff

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