Citigroup raises target for Marathon Petroleum stock to USD 518

Published on 10/19/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 earnings reached USD 17.73, up 347.70 percent. Marathon Petroleum stock stands at EUR 425.05 on October 19, 2026, above EUR 424.00 Xetra close.

Targets earnings and trading

Citigroup lifted its Marathon Petroleum target to USD 518.00 on October 13, 2026.
Second-quarter revenue reached USD 52.34 billion, up 53.50 percent year over year.
Marathon Petroleum stock trades at EUR 425.05 at 10:17 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.25 percent above the Xetra close of October 16, 2026.

Pop-Art-Comic mit rotem Tanklastwagen vor bunter Raffinerie-Kulisse — Marathon Petroleum US56585A1025 als farbenfrohe Pop-Art-Comic-Szene mit rotem Tanklastwagen vor lebendiger Raffinerie-Kulisse, Illustration mit AI erstellt.

Marathon Petroleum (US56585A1025) was trading at EUR 425.05 at Lang & Schwarz on October 19, 2026, 10:17 a.m. CEST, up 0.25 percent versus the Xetra close of October 16, 2026 at EUR 424.00. MarketBeat reported on October 13, 2026 that Citigroup raised its target for Marathon Petroleum from USD 318.00 to USD 518.00 while keeping a neutral rating.

Three dates changed the setup

Marathon Petroleum reported USD 17.73 in diluted earnings per share for the second quarter of 2026 on August 4, 2026, versus USD 3.96 a year earlier. The company then drew higher targets from Goldman Sachs on September 21, 2026, when the firm raised its target from USD 376.00 to USD 472.00. Citigroup followed on October 13, 2026, lifting its target from USD 318.00 to USD 518.00, according to MarketBeat.

What does the target mean for earnings?

The latest operating figures provide the reason for the unusually wide target revisions. In the second quarter of 2026, total revenue and other income reached USD 52.34 billion, up 53.50 percent from USD 34.10 billion a year earlier, while net income attributable to Marathon Petroleum rose to USD 5.14 billion from USD 1.22 billion. Ticker Scout reported that Refining and Marketing adjusted EBITDA increased 252.10 percent to USD 6.66 billion, as wider crack spreads outweighed lower refinery throughput during planned turnaround work.

November 3 is the next test

Marathon Petroleum is scheduled to report third-quarter 2026 results before the market opens on November 3, 2026, according to Zacks. Its consensus estimate is USD 25.13 in diluted earnings per share, compared with USD 3.01 in the year-ago quarter. That forecast puts refining margins and the durability of the second-quarter improvement at the center of the next valuation check.

Trading stays below the market target

The Citigroup target of USD 518.00 is a separate U.S. dollar valuation reference, not a euro price target for the Lang & Schwarz quote. Marathon Petroleum operates in energy refining and marketing and midstream, with the latest reported quarter showing that margin expansion, rather than higher throughput, drove the sharp earnings increase. The stock was trading at EUR 425.05 at Lang & Schwarz on October 19, 2026 at 10:17 a.m. CEST, 0.25 percent above the Xetra close of October 16, 2026 at EUR 424.00. The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.