On August 11, Marathon Petroleum rose 3.01% in regular trading, trading at $330.0/share, with turnover of $162 million.

On the news front, WTI crude oil futures surged over 2% to $84.35/barrel on the day, lifting the broader oil and gas sector. Simultaneously, Mizuho raised its price target on Marathon Petroleum from $284 to $304, maintaining a neutral rating. The analyst consensus average target now stands at $323.71 with an overweight rating.

The move extends momentum from a strong Q2 earnings release on August 4, in which Marathon Petroleum reported adjusted EPS of $17.73, significantly beating the consensus estimate of $13.73 and representing a 348% year-over-year increase. Revenue came in at $52.34 billion, exceeding expectations by approximately 24%. The results prompted a wave of target price upgrades from Barclays ($321), Raymond James ($350), and TD Cowen ($357). Rising crude prices and robust refining fundamentals continue to provide dual tailwinds for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)