Marathon Petroleum stock reaches a new 52-week high on strong profits

Published on 10/06/2026 at 18:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Marathon Petroleum stock touched USD 437.67 on October 5, a 52-week high, while Q2 EPS reached USD 17.73. The refining margin climbed to USD 36.33 per barrel.

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Marathon Petroleum stock reached a new 52-week high of USD 437.67 on October 5, 2026, while the company’s latest quarterly figures showed a sharp expansion in refining profitability. The stock was trading at USD 430.40 on the NYSE on October 6, 2026, down 0.71 percent from the prior close.

Q2 profit rose sharply

According to StockTitan on October 6, 2026, Marathon Petroleum reported second-quarter 2026 net income attributable to the company of USD 5.1 billion, or USD 17.73 per diluted share. The comparable quarter produced USD 1.2 billion in net income and USD 3.96 in diluted EPS.

The result was also ahead of the USD 14.27 consensus EPS cited by MarketBeat in its October 5, 2026 report. Revenue reached USD 51.99 billion, up 53.5 percent from the year-earlier quarter, compared with analyst estimates of USD 40.87 billion.

Refining margin doubled

The operating engine was the refining and marketing segment. StockTitan reported that its margin increased to USD 36.33 per barrel in the quarter ended June 30, 2026, from USD 17.58, while crude capacity utilization reached 94 percent and total throughput was 2.9 million barrels per day.

Marathon Petroleum also returned USD 2.8 billion of capital during the quarter, according to StockTitan. The combination of higher margins, greater throughput and capital returns explains why the latest earnings comparison remains central to the stock’s valuation even after the share price reached a yearly high.

Analyst targets trail the stock

MarketBeat reported on October 5, 2026, that Bank of America raised its price target from USD 410 to USD 426 while keeping a neutral rating. The same report listed a Moderate Buy consensus from 17 analysts, with an average target of USD 370.38.

That consensus target sits 13.9 percent below the USD 430.40 intraday price. The gap shows that the market has moved faster than the published average target, while the latest earnings figures provide the fundamental counterpoint to that valuation tension.

Stock stays near yearly high

Marathon Petroleum was trading at USD 430.40 on the NYSE at 12:08 p.m. ET on October 6, 2026. Its session range was USD 427.20 to USD 434.33, and its 52-week range was USD 161.93 to USD 437.67.