Movement Alert|Marathon Petroleum Rises 3.14% in Regular Trading, Goldman Sachs Raises Target Price to $472 as Oil Prices Rebound

Market Focus09-24 23:43

On September 24, Marathon Petroleum rose 3.14% in regular trading, trading at $401.025 per share, with turnover of $202 million.

On the news front, Goldman Sachs significantly raised its target price on Marathon Petroleum from $376 to $472, maintaining a Buy rating, sending a strong bullish signal. The upgrade comes after the stock had pulled back following Jefferies' downgrade from Buy to Hold on September 22. Multiple Wall Street firms have also raised targets in recent months, including UBS to $450 and Piper Sandler to $462, reflecting broad institutional confidence.

Meanwhile, WTI crude futures reclaimed the $91 level, while Bank of America lifted its year-end Brent crude target from $83 to $95, bolstering the entire refining sector. Within the Oil & Gas Refining & Marketing sector, Valero gained 4.21%, Phillips 66 rose 2.63%, and HF Sinclair added 2.77%, while Delek US declined 4.11%.

(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.)

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