TD Cowen Rates Marathon Petroleum (MPC) buy, $315 Price Target

TD Cowen maintained its buy rating on Marathon Petroleum, setting a $315 price target, a 23.21% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 2:03 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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TD Cowen rated Marathon Petroleum Corporation ($MPC) "buy" with a $315 price target on June 29, 2026.

Since the rating, $MPC is up 3.8% after 1 week, up 19.1% after 1 month and up 84.9% to date (from the $258.51 close on Jun 29, 2026).

MPC Marathon Petroleum Corporation

$478.07 +192.86% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its buy rating on Marathon Petroleum Corporation (NYSE:MPC) with a price target of $315 on June 29, 2026.
TD Cowen's $315 price target implies 23.21% upside from Marathon Petroleum Corporation's ($MPC) current $255.67 share price.
Shares of Marathon Petroleum traded at $254.06 on Monday, with a market cap of about $74.2 billion and a P/E ratio of 16.7.
Insiders and major funds like BlackRock and Vanguard have been active in Marathon Petroleum, reflecting ongoing institutional interest.

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On June 29, 2026, TD Cowen reiterated its buy rating on Marathon Petroleum Corporation (NYSE:MPC), setting a price target of $315. The analyst behind the call, Jason Gabelman, continues to view the stock favorably. This latest rating comes as shares of Marathon Petroleum traded at $254.06 on Monday.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -42.29% hypothetical

All-time return -7.93% S&P 500 +42.35%

vs. S&P 500 -50.28% behind the index

Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.

Marathon Petroleum Corporation Stock Down 39.8%

Shares of NYSE:MPC traded near $254.06 on Monday. Marathon Petroleum has a market capitalization of approximately $74.17 billion. The company boasts a P/E ratio of 16.7, with a forward P/E of 10.6, and a beta of 0.522. Over the past 52 weeks, the stock has ranged from a low of $158.00 to a high of $272.46. Its 50-day moving average is $247.78, while the 200-day moving average stands at $209.02. The company's current ratio is 1.18, with a quick ratio of 0.69 and a debt-to-equity ratio of 146.52.

12-month forecast

$MPC price target

Marathon Petroleum Corporation daily closes and this analyst's $315 target. Not advice.

Recent Earnings

In its most recent earnings, Marathon Petroleum reported revenue of $135.95 billion, reflecting a growth rate of 8.8%. The company achieved an EPS of $15.19, with a net margin of 3.41% and a return on equity of 27.46%. Marathon Petroleum is expected to announce its next earnings on August 4, 2026.

Dividend

Marathon Petroleum offers an annual dividend rate of $3.91, yielding 1.54% based on its current stock price. The company's dividend payout ratio is 25.15%.

Insider Buying and Selling at Marathon Petroleum Corporation

Recent insider activity at Marathon Petroleum includes several transactions. On June 4, 2026, Michael Henschen, former Vice President of Refining, sold 6,336 shares at an average price of $268.83. On the same day, he bought 4,964 shares at $49.94. Earlier, on May 13, 2026, Chief Commercial Officer Ricky Hessling sold 1,000 shares at $250.00. Additionally, Evan Bayh and Jonathan Cohen each acquired 728 shares on April 30, 2026.

Analysts Set New Price Targets

On June 29, 2026, TD Cowen maintained its buy rating on Marathon Petroleum with a price target of $315. Earlier, on June 12, 2026, Morgan Stanley also maintained its buy rating, targeting a price of $265. Mizuho, on May 27, 2026, kept a hold rating with a $284 target. The consensus among analysts is a buy, with a mean target price of $271.59 based on 17 opinions.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation is an integrated downstream energy company based in Findlay, Ohio. It operates in the oil and gas refining and marketing sector, with three main segments: Refining & Marketing, Midstream, and Renewable Diesel. The company refines crude oil and distributes refined products such as gasoline and diesel. It also processes renewable feedstocks into renewable diesel. Led by CEO Maryann T. Mannen, Marathon employs approximately 18,500 people.

Bottom Line

TD Cowen's reiterated buy rating on Marathon Petroleum underscores continued confidence in the company's prospects. With a solid market position and active institutional interest, Marathon remains a key player in the energy sector. Investors will keep an eye on its upcoming earnings announcement in August. As always, remember that 13F filings and analyst ratings reflect past actions and opinions, not current recommendations.