Bank of America raises target for Marathon Petroleum stock

Published on 10/06/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 53.50 percent to USD 51.99 billion. Marathon Petroleum stock costs EUR 385.05 on October 6, 2026 versus EUR 386.90.

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Marathon Petroleum (ISIN US56585A1025) was trading at EUR 385.05 at Lang & Schwarz on October 6, 2026 at 3:32 p.m. CEST, down 0.48 percent from the EUR 386.90 prior close. The latest market catalyst is Bank of America's target increase from USD 410.00 to USD 426.00, announced in a research note dated October 2, 2026, while the bank kept a neutral rating, according to MarketBeat.

Bank of America raises its target

The move places the new target at USD 426.00, up USD 16.00 from USD 410.00. For Marathon Petroleum, that change matters because the company stock has already traded near the upper end of its USD 161.93 to USD 437.67 52-week range on the NYSE as of October 6, 2026.

MarketBeat also lists a broader consensus rating of Moderate Buy from 17 analysts, with an average target of USD 370.38. That average sits below the latest Bank of America target, showing that the new USD 426.00 view is more constructive than the group average even though the bank retained a neutral rating.

Second-quarter earnings reset the baseline

Marathon Petroleum reported USD 51.99 billion in revenue for the second quarter of 2026, up 53.50 percent from the same period a year earlier, according to StockTitan. Net income attributable to MPC reached USD 5.10 billion, or USD 17.73 in diluted earnings per share, compared with USD 1.20 billion and USD 3.96 in the second quarter of 2025.

The earnings comparison is equally important for valuation: USD 17.73 in diluted earnings per share exceeded the USD 14.27 consensus estimate by USD 3.46. The same quarter also produced adjusted EBITDA of USD 8.50 billion and a refining and marketing margin of USD 36.33 per barrel, compared with USD 17.58 a year earlier.

Stock remains close to its yearly high

Marathon Petroleum had a market capitalization of USD 125.8 billion as of October 6, 2026. The NYSE quote data also put the stock's 52-week high at USD 437.67, while the Lang & Schwarz euro price provides the reference for German investors and remains separate from the US dollar figures.

EUR 385.05 in afternoon trading

Marathon Petroleum was trading at EUR 385.05 at Lang & Schwarz on October 6, 2026 at 3:32 p.m. CEST, down 0.48 percent versus the Lang & Schwarz prior close of EUR 386.90 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.