TD Cowen Raises Marathon Petroleum (MPC) Price Target to $478
Key Points
- TD Cowen maintained a Buy rating on Marathon Petroleum Corporation on October 22, 2026, and moved its price target from $450.00 to $478.00.
- TD Cowen's $478 price target implies 3.36% upside from Marathon Petroleum Corporation's ($MPC) current $462.48 share price.
- The stock recently traded near $462.48, sitting above its 50-day moving average of $405.06 ahead of its next earnings report on November 3, 2026.
- Institutional investors like Bank of New York Mellon Corporation and Boston Partners adjusted positions in recent quarters, while several other firms updated targets.
Get Marathon Petroleum text alerts
We text you when insiders, Congress, analysts or big funds move on $MPC.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Marathon Petroleum Corporation alert may contain errors. Disclosures
TD Cowen maintained its Buy rating on Marathon Petroleum Corporation MPC on October 22, 2026, while lifting its price target from $450.00 to $478.00. The note arrived as shares traded near $462.48, placing the stock slightly above the new target level. Marathon Petroleum closed at $455.37 on the day of the announcement.
MPC
Marathon Petroleum Corporation
TD Cowen's Call on Marathon Petroleum
In its research note on October 22, 2026, TD Cowen kept a Buy rating on the energy company and raised the price target to $478.00 from $450.00. The firm's target sits above the stock's recent trading range, signaling room for potential growth as the company prepares for its next financial update.
Other Institutional Activity in Marathon Petroleum
Other large funds made notable adjustments to their holdings in the company during the second quarter. Raymond James Financial, Inc. reduced its holdings by 88,918 shares, ending with 5,684,963 shares worth about $2,588,761,573.00. Bank Of New York Mellon Corporation grew its holdings by 73,925 shares, ending with 4,027,107 shares worth about $1,833,823,694.00. Boston Partners cut its position by 2,133,654 shares, finishing the period with 3,515,417 shares valued at approximately $1,600,815,422.00.
Marathon Petroleum Corporation Stock Down 1.2%
The stock recently changed hands around $462.48, up about 1.6% from its $455.37 close on October 22, 2026. The shares trade well above their 50-day and 200-day moving averages, sitting near the upper end of their 52-week range of $161.93 to $493.98. Marathon Petroleum carries a market capitalization of roughly $127.88 billion and a trailing P/E ratio of 15.77.
$MPC price target
Marathon Petroleum Corporation daily closes and this analyst's $478 target. Not advice.
Recent Earnings
Marathon Petroleum reported trailing twelve-month revenue of $154.15 billion and trailing earnings of $28.88 per share. The company posted a net profit margin of 5.5% and a return on equity of 42.1%. Shareholders can look toward the company's next earnings release scheduled for November 3, 2026.
Dividend
The company distributes an annual dividend rate of $4.00 per share, yielding 0.85% based on recent pricing. The payout ratio sits at 13.5%, showing that a small portion of earnings goes toward shareholder distributions.
Insider Buying and Selling at Marathon Petroleum Corporation
Company insiders completed several transactions in August 2026. Officer Shawn M. Lyon sold 2,500 shares at $350.00 apiece on August 13, 2026, for a total value of $875,000.00, and later sold 1,425 shares on August 31, 2026, valued at $532,367.00. Officer Molly R. Benson sold 17,196 shares at an average price of $358.57 on August 17, 2026, totaling $6,165,970.00. Officer Erin M Brzezinski sold 570 shares at $362.79 on August 27, 2026, for $206,790.00.
Analysts Set New Price Targets
Several research firms updated their outlooks on the stock ahead of the announcement. Barclays maintained its Overweight rating on October 12, 2026, raising its target from $321.00 to $488.00. Evercore ISI Group kept an In-Line rating on October 12, 2026, lifting its target to $420.00 from $330.00. Citigroup maintained a Neutral rating on October 13, 2026, moving its target from $318.00 to $518.00. Wells Fargo kept an Overweight rating on October 14, 2026, lifting its target to $560.00 from $400.00. Overall, the stock holds a consensus buy rating with a mean price target of $458.72 across 18 analyst opinions.
About Marathon Petroleum
Marathon Petroleum Corporation operates as an integrated downstream energy business in the United States, focusing on refining, marketing, midstream services, and renewable diesel products. The company manages its operations through multiple segments to process and distribute fuels across domestic markets. This refining footprint makes the company a major player in the domestic energy sector.
Bottom Line
TD Cowen's revised target highlights ongoing interest in Marathon Petroleum as shares trade near upper valuation markers. Investors will watch the upcoming earnings report on November 3, 2026, to gauge whether refining margins and cash flows continue to support these valuation levels.
Related Filing Alerts
Source: TD Cowen's rating change on $MPC (Oct 22, 2026). Written by software, not financial advice. How we make alerts