Mizuho raises target for Marathon Petroleum stock from USD 304.00 to USD 457.00
Published on 10/09/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho raised its Marathon Petroleum target from USD 304.00 to USD 457.00 on October 8, 2026.
- Second-quarter revenue reached USD 51.99 billion, up 53.50 percent year over year.
- Marathon Petroleum was trading at EUR 416.50 at Lang & Schwarz on October 9, 2026, plus 0.31 percent versus EUR 415.20.
- Third-quarter 2026 results are scheduled for November 3, 2026.
Marathon Petroleum (ISIN US56585A1025) was trading at EUR 416.50 at Lang & Schwarz on October 9, 2026 at 4:38 p.m. CEST, plus 0.31 percent versus the prior close of EUR 415.20. On October 8, 2026, Mizuho analyst Nitin Kumar raised the price target from USD 304.00 to USD 457.00 while keeping a Neutral rating, as Markets Insider reported.
Three dated signals for MPC
On June 30, 2026, Marathon Petroleum posted second-quarter revenue of USD 51.99 billion and net income of USD 5.54 billion. The reporting period ended with diluted earnings per share of USD 17.73 and operating profit of USD 7.07 billion.
On August 4, 2026, MarketBeat reported that quarterly earnings per share reached USD 17.73, above the USD 14.27 consensus estimate by USD 3.46. Revenue was up 53.50 percent from the year-earlier quarter, when earnings per share were USD 3.96.
On October 8, 2026, Mizuho's target reset became the latest dated analyst signal. The move from USD 304.00 to USD 457.00 represents a 50.33 percent increase in the target, while the Neutral rating limits the strength of the message.
What the target increase means
The revised target is still below the October 9 NYSE quote of USD 466.50 at 2:44 p.m. EDT, which was 0.68 percent above the prior close of USD 463.34. Marathon Petroleum's 52-week NYSE range was USD 161.93 to USD 467.85, placing the quote USD 1.35 below the high.
The latest quarter also delivered USD 10.33 billion in cash from operating activities. That cash figure gives the target revision a concrete operating backdrop, but the Neutral rating shows that Mizuho did not translate its higher refining assumptions into a more positive recommendation.
November results are next
Marathon Petroleum will discuss its third-quarter 2026 financial results on November 3, 2026, at 11:00 a.m. EST, according to Marathon Petroleum in its September 17, 2026 release. The next report will test whether the second-quarter earnings and cash-flow levels carried into the following period.
At Lang & Schwarz, Marathon Petroleum was trading at EUR 416.50 on October 9, 2026 at 4:38 p.m. CEST, plus 0.31 percent versus the prior close of EUR 415.20. 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 9, 2026, 4:38 p.m. CEST: EUR 416.50
- Change versus prior close: plus 0.31 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 415.20
- Market capitalization: USD 136.2 billion as of October 9, 2026
- 52-week range: USD 161.93-467.85 as of October 9, 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.
