Marathon Petroleum stock falls 3.14 percent after downgrade

Published on 09/23/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Marathon Petroleum stock closed at USD 389.73 on September 22, 2026, after Jefferies cut its rating to Hold. Second-quarter EPS reached USD 17.73.

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Marathon Petroleum stock (ISIN US56585A1025) closed at USD 389.73 on the NYSE on September 22, 2026, down USD 12.65, or 3.14 percent. The decline followed a Jefferies downgrade and renewed concern about refining valuations and diesel-export policy.

Jefferies cuts its rating

According to Seeking Alpha on September 22, 2026, Jefferies lowered Marathon Petroleum from Buy to Hold and set a USD 413 price target. The target is USD 23.27 above the September 22 closing price, while the revised rating reflects valuation concerns after the shares more than doubled over the preceding year.

The market reaction was visible in the session data: MarketBeat recorded a closing price of USD 389.73, a session range of USD 386.95 to USD 404.70, volume of 4.69 million shares and a market capitalization of USD 113.78 billion on September 22, 2026.

Second quarter delivered higher earnings

Marathon Petroleum reported second-quarter 2026 earnings of USD 17.73 per share on August 4, 2026, according to MarketBeat. The result exceeded the cited consensus estimate of USD 14.27 by USD 3.46, a quantified earnings surprise that contrasts with the more cautious valuation view from Jefferies.

The same August 4, 2026 results entry states that revenue increased 53.5 percent from the comparable quarter. MarketBeat also lists the next estimated earnings date as November 3, 2026, giving the market a scheduled checkpoint for refining margins, operating execution and capital returns.

Stock remains near yearly high

At USD 389.73 on September 22, 2026, Marathon Petroleum traded USD 41.35 below its 52-week high of USD 431.08 and USD 227.80 above its 52-week low of USD 161.93. The wide range shows why the downgrade focused on valuation rather than on a reported quarterly earnings shortfall.

Marathon Petroleum stock closes lower

Marathon Petroleum stock closed at USD 389.73 on the NYSE on September 22, 2026, with a daily change of minus 3.14 percent and volume of 4.69 million shares. Market capitalization stood at USD 113.78 billion on the same date.