Wells Fargo raises target for Marathon Petroleum stock to USD 560.00 from USD 400.00
Published on 10/15/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets, earnings and market value
- Wells Fargo lifted its Marathon Petroleum target from USD 400.00 to USD 560.00 on October 14, 2026.
- Second-quarter 2026 revenue reached USD 51.99 billion, up 53.5 percent year over year.
- Marathon Petroleum stock trades at EUR 435.65 at 9:37 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.61 percent above the Xetra close of October 14, 2026.
Marathon Petroleum (ISIN US56585A1025) was trading at EUR 435.65 at Lang & Schwarz on October 15, 2026, at 9:37 a.m. CEST, 0.61 percent above the Xetra close of October 14, 2026. Wells Fargo raised its price target from USD 400.00 to USD 560.00 on October 14, 2026, according to Markets Insider.
Three targets changed in October
Marathon Petroleum's latest target reset came after a sharp sequence of analyst revisions. TickerScout reported that second-quarter results on August 4, 2026 included USD 17.73 in diluted earnings per share and USD 5.14 billion in net income attributable to Marathon Petroleum.
On October 12, 2026, Barclays raised its target from USD 321.00 to USD 488.00, as reported by Markets Insider. Wells Fargo followed with the larger move to USD 560.00, while retaining an Overweight rating.
What does the target reset mean?
The operating backdrop explains why analysts are emphasizing refining margins. In the second quarter of 2026, Marathon Petroleum reported USD 51.99 billion in revenue, up 53.5 percent from the prior-year quarter, while net income rose to USD 5.14 billion from USD 1.22 billion, according to Zacks. Refining and Marketing adjusted EBITDA reached USD 6.70 billion, and refinery utilization was 94 percent during that period.
The counter-factor is duration. Markets Insider said Wells Fargo saw positive drivers for third-quarter results but also cited concern about how long crude and refined-product conditions can remain supportive. That makes the next earnings release more important than the target increases alone.
Next reporting date is November 3
Marathon Petroleum is scheduled to report third-quarter 2026 results on November 3, 2026, according to TradingView. The company reported USD 10.33 billion in operating cash flow for the second quarter of 2026, giving investors another measure of the earnings cycle beyond refining profit.
Stock holds near its yearly high
At EUR 435.65, the Lang & Schwarz quote is EUR 2.65 above the EUR 433.00 Xetra close of October 14, 2026. The EUR 110.36 to EUR 436.45 52-week range places the quote EUR 0.80 below the high, using the same euro-denominated market snapshot.
The further course of trading is shown by the continuously updated real-time quote of Marathon Petroleum stock.
Marathon Petroleum stock facts
- Company: Marathon Petroleum Corporation
- ISIN: US56585A1025
- Ticker: MPC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 9:37 a.m. CEST): EUR 435.65
- Change versus Xetra close: plus 0.61 percent
- Xetra close (October 14, 2026): EUR 433.00
- Market capitalization: EUR 122.4 billion (as of October 15, 2026)
- 52-week range: EUR 110.36-436.45 (as of October 15, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
