Marathon Petroleum stock eases after strong Q2 figures and fresh Bank of America target
Published on 09/11/2026 at 15:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Marathon Petroleum Corporation stock (ISIN US56585A1025) ended the last completed session on the New York Stock Exchange at USD 392.42 on September 10, 2026, after a daily decline of 1.76 percent from the prior close, while year to date the shares have gained about 144.1 percent according to data compiled by Yahoo Finance.
Q2 2026 earnings underpin the rally
Operationally, the latest key driver for Marathon Petroleum stock is the company’s second-quarter 2026 report, which showed revenue of USD 51.99 billion and earnings per share of USD 17.73 for Q2 2026, according to Ad-hoc-news.
Those figures represented a clear beat versus consensus, with Q2 2026 EPS of USD 17.73 topping the average analyst estimate of USD 14.27 by USD 3.46 and revenue of USD 51.99 billion exceeding the estimated USD 40.87 billion by USD 11.12 billion, as detailed by Ad-hoc-news.
The earnings strength is also visible at the bottom line: Marathon’s Q2 2026 profit surged nearly fourfold to around USD 5.1 billion, driven by a 54 percent year-on-year jump in revenue, while adjusted EBITDA more than doubled thanks to robust refining margins and crack spreads, according to Investing.com.
Analyst targets move higher with refining margins in focus
On the analyst side, Bank of America Securities reaffirmed its Hold stance on Marathon Petroleum and set a price target of USD 410 per share, as reported on September 11, 2026, by TipRanks.
According to a separate note from Futunn News dated September 11, 2026, Bank of America Securities previously had a price target of USD 319 on Marathon Petroleum and raised it to USD 410, highlighting the analyst’s positive view on the refiner despite the neutral rating.
Broader market positioning remains strong: Marathon Petroleum is ranked as a top pick among refiners, and its shares have climbed more than 140 percent year to date, with YTD returns of 144.10 percent compared with 10.90 percent for the S&P 500 index as of September 10, 2026, according to Yahoo Finance.
Market metrics and upcoming date for investors
From a market-data perspective, Marathon Petroleum’s shares closed at USD 392.42 on the New York Stock Exchange on September 10, 2026, down USD 7.02 or 1.76 percent on the day, while intraday trading had earlier taken the stock near USD 395.00 in pre-market dealings, according to Yahoo Finance.
The strong performance has pushed the stock close to its recent trading range, with Marathon Petroleum’s share price at USD 392.61 on September 10, 2026, compared with a beginning-of-year level of USD 162.59, meaning the stock has risen by about 141.5 percent since the start of 2026, as calculated from data presented by MarketBeat.
Looking ahead, the next scheduled earnings release for Marathon Petroleum is currently expected on November 3, 2026, giving investors a specific date to watch for fresh guidance and updated figures, according to Ad-hoc-news.
Key data on Marathon Petroleum stock
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Trading venue: NYSE
- Price (as of September 10, 2026, 4:00): 392.42 USD
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Index membership: S&P 500
- Next earnings date: November 3, 2026
