Citigroup raises target for Marathon Petroleum stock to USD 518

Published on 10/20/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached USD 5.14 billion, up 322.50 percent year over year. Marathon Petroleum stock costs EUR 427.00 on October 20, 2026.

Capital allocation and earnings setup

Citigroup lifted its Marathon Petroleum target from USD 318.00 to USD 518.00 on October 13, 2026.
Second-quarter 2026 net income reached USD 5.14 billion, up 322.50 percent year over year.
Marathon Petroleum stock trades at EUR 427.00 at 11:00 a.m. CEST at Lang & Schwarz on October 20, 2026.

Bauhaus-Poster mit geometrischen Formen und großem Schriftzug ENERGY — Marathon Petroleum US56585A1025 als geometrisches Bauhaus-Poster mit buntem Sektor-Schriftzug ENERGY und Fabriksilhouette, Illustration mit AI erstellt.

Marathon Petroleum stock (ISIN US56585A1025) received a USD 518.00 price target from Citigroup on October 13, 2026, up from USD 318.00, according to MarketScreener. At Lang & Schwarz, the stock was trading at EUR 427.00 on October 20, 2026 at 11:00 a.m. CEST.

Target move follows stronger earnings

The target change arrived after Marathon Petroleum reported a sharp improvement in its second-quarter 2026 results. A company filing summarized by TickerScout showed net income of USD 5.14 billion, or USD 17.73 in diluted earnings per share, compared with USD 1.22 billion and USD 3.96 in the second quarter of 2025. Adjusted EBITDA reached USD 8.46 billion, versus USD 3.30 billion a year earlier.

The earnings mix matters because refining drove the acceleration. Refining and Marketing adjusted EBITDA rose to USD 6.66 billion from USD 1.90 billion in the year-earlier quarter, while crude-capacity utilization reached 94 percent, according to the same August 4, 2026 results summary.

What changed across three dates?

On August 4, 2026, Marathon Petroleum reported USD 5.14 billion of second-quarter net income. On October 9, 2026, UBS raised its target from USD 450.00 to USD 510.00 while retaining a Buy rating, according to Investing.com. On October 13, 2026, Citigroup raised its target from USD 318.00 to USD 518.00.

Which date comes next?

The next substantiated event is Marathon Petroleum's third-quarter 2026 earnings release on November 3, 2026, according to Zacks. The release is scheduled before the market opens and will test whether refining profitability can sustain the second-quarter jump.

Valuation rests on refining margins

Marathon Petroleum had a market capitalization of USD 133.0 billion at the close of October 19, 2026. Its primary-market 52-week range was USD 161.93 to USD 493.69, placing the October 19 close of USD 473.69 near the upper end of that span. For investors, the central issue is whether the USD 17.73 second-quarter earnings-per-share result reflects durable refining economics or an unusually favorable margin period.

At Lang & Schwarz, Marathon Petroleum was trading at EUR 427.00 on October 20, 2026 at 11:00 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.