
Marathon Petroleum (MPC) Stock Forecast & Price Target
Marathon Petroleum (MPC) Analyst Ratings
Bulls say
Marathon Petroleum is positioned for success in the near and long term due to its large refining capacity of 3 million barrels per day, its ownership of approximately 16,600 miles of crude and product pipelines, and its ownership of the general partner and 64% of MPLX LP, a midstream master limited partnership. Despite near term headwinds, the company is expected to generate a 13% distribution yield over the next two years and remains a top pick in the sector. However, challenges such as volatility in earnings due to spot basis pricing, market regulations, and potential changes in intercompany agreements could impact the company's performance.
Bears say
Marathon Petroleum is facing headwinds in the short term due to unplanned downtime and maintenance, impacting both its refinery and renewable diesel operations. Additionally, the company faces potential challenges from backwardation and co-product margins. However, the company has long-term potential with its newly disclosed jet flexibility project and its ability to run more advantaged US crudes. It has also taken steps to improve its capitalization through the sale of Speedway and cost structure improvements, making it a potential buy opportunity for investors.
This aggregate rating is based on analysts' research of Marathon Petroleum and is not a guaranteed prediction by Public.com or investment advice.
Marathon Petroleum (MPC) Analyst Forecast & Price Prediction
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