Marathon Petroleum stock gains after Goldman Sachs raises target

Published on 09/21/2026 at 23:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised Marathon Petroleum stock to USD 472 from USD 376 on September 21, 2026. MarketBeat puts the consensus target at USD 349.13.

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Marathon Petroleum stock (ISIN US56585A1025) gained fresh attention after Goldman Sachs kept a Buy rating and raised its target to USD 472 from USD 376 on September 21, 2026. The move came as Marathon Petroleum traded near USD 414.79 at 11:38 AM EDT, with a 52-week range of USD 161.93 to USD 431.08 on the same session.

Target reset

According to GuruFocus, Goldman Sachs on September 21, 2026 maintained a Buy rating and lifted the Marathon Petroleum target from USD 376 to USD 472, a 25.53 percent increase. TradingView carried the same Dow Jones report on September 21, 2026, adding a second market read-through for the stock.

Quarterly base

MarketBeat said Marathon Petroleum last reported quarterly earnings on August 4, 2026, with adjusted EPS of USD 17.73 versus USD 14.27 expected and revenue of USD 51.99 billion versus USD 40.87 billion expected. The portal also cited a net margin of 5.48 percent, return on equity of 31.96 percent and a year-over-year revenue increase of 53.5 percent.

That set of numbers matters because the stock is now being re-rated against a quarter that already showed USD 3.46 of EPS upside and USD 11.12 billion of revenue upside to consensus. Trefis also said Marathon Petroleum had risen 17.8 percent over the last month and traded at 14.4 times trailing earnings, with revenue up 15.0 percent over the last twelve months and operating margin at 7.5 percent.

Trading near highs

Reuters' market profile for Marathon Petroleum Corporation on September 21, 2026 showed a market capitalization of USD 119,319.60 million and a trailing P/E of 38.01, while Reuters also described the company as an integrated downstream and midstream energy business with refining and marketing, midstream and renewable diesel segments. CNBC showed Marathon Petroleum at USD 414.79 at 11:38 AM EDT, down 2.38 percent in that snapshot, with a 52-week high of USD 431.08.

Price and scale

At that level, Marathon Petroleum remained close to its yearly peak and far above the USD 161.93 low in the same 52-week band. For investors, the key tension is no longer the quarter alone but whether the higher target and the USD 119.32 billion market value can hold against a stock already priced near its range high.