Wells Fargo raises Marathon Petroleum stock target from USD 400 to USD 560
Published on 10/16/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets and earnings dates
- Wells Fargo lifted its target to USD 560.00 on October 14, 2026.
- Second-quarter revenue reached USD 51.99 billion, up 53.50 percent year over year.
- Marathon Petroleum stock trades at EUR 426.10 at 9:09 a.m. CEST at Lang & Schwarz on October 16, 2026.
- The next quarterly results are scheduled for November 3, 2026.
Marathon Petroleum (US56585A1025) stock is trading at EUR 426.10 at Lang & Schwarz on October 16, 2026 at 9:09 a.m. CEST. Wells Fargo raised its Marathon Petroleum target from USD 400.00 to USD 560.00 on October 14, 2026, according to Markets Insider. The move puts refining assumptions and the timing of the earnings cycle at the center of the stock story.
Second-quarter earnings set the base
Marathon Petroleum reported USD 51.99 billion in revenue for the second quarter of 2026, up 53.50 percent from USD 33.80 billion a year earlier. The company also delivered diluted earnings per share of USD 17.73, compared with a USD 14.27 consensus estimate, according to MarketBeat. The comparison matters because the latest target increases were published ahead of the next report rather than after a new quarterly release.
What does the target imply?
Wells Fargo's USD 560.00 target is a USD 160.00 increase from its earlier USD 400.00 level, while the firm retained an Overweight view on October 14, 2026. The same report cited positive third-quarter drivers but also pointed to concern about how long crude and refined-product conditions can remain supportive, according to Markets Insider.
Three events shaped the stock
On August 4, 2026, Marathon Petroleum reported second-quarter diluted earnings per share of USD 17.73, according to MarketBeat. On October 8, 2026, Mizuho raised its target from USD 304.00 to USD 457.00 while keeping a Neutral rating, according to MarketBeat. On October 14, 2026, Wells Fargo raised its target to USD 560.00 from USD 400.00, according to Markets Insider.
Next date for investors
Marathon Petroleum's next quarterly results are scheduled for November 3, 2026, according to the earnings calendar reported by Yahoo Finance. The report will test whether the second-quarter earnings strength carried into the third quarter.
Euro quote remains the market marker
The stock was trading at EUR 426.10 at Lang & Schwarz on October 16, 2026 at 9:09 a.m. CEST. On the NYSE, it was last at USD 476.92 on October 15, 2026 at 4:00 p.m. ET after the regular session.
The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.
Marathon Petroleum market facts
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 9:09 a.m. CEST): EUR 426.10
- Market capitalization: USD 133.9 billion (as of October 15, 2026)
- 52-week range: USD 161.93-485.22 (as of October 15, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Index membership: S&P 500
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
