Top 3 Energy Stocks That Could Sink Your Portfolio This Month - Marathon Petroleum (NYSE:MPC), Phillips 6
As of Sept. 8, 2026, Benzinga Pro identifies Marathon Petroleum (MPC), Phillips 66 (PSX), and CVR Energy (CVI) as overbought energy stocks. MPC and PSX had price targets raised by Piper Sandler, with MPC at $462 and PSX at $264. CVI reported strong Q2 sales. All three stocks have gained significantly in the past month, with RSI values above 70.
How this was made
The 30-second read
Why it matters
Provides analyst target raises and recent earnings highlights, but no new material corporate events.
Market read
Useful for short‑term traders monitoring momentum in energy stocks, but limited long‑term impact.
What to watch
Potential downside from rising input costs and broader energy price volatility.
Background
The article is a watchlist style piece listing three energy stocks deemed overbought based on RSI and recent price performance.
Ticker impact
Piper Sandler raised Marathon Petroleum's price target to $462 on Sept. 3, noting overbought RSI and recent 30% gain.
Potential modest upside if momentum continues.
Price target increase and overweight rating suggest near-term support despite overbought RSI.
Piper Sandler raised Phillips 66's price target to $264 on Sept. 3, citing overbought RSI and 25% recent gain.
Likely limited upside as stock is already near 52‑week high.
Target raise signals confidence but high RSI indicates limited upside.
CVR Energy reported strong Q2 sales and high utilization on July 29, with a 45% price rise and overbought RSI.
Possible continued rally if earnings beat expectations.
Better‑than‑expected sales and high utilization support further price gains.
Market effects
Highlights overbought conditions in the energy sector, may prompt rotation to less‑valued peers.
U.S. energy stocks could see short‑term pressure.
Limited to U.S. energy equities.
Counterpoint
High RSI suggests a pull‑back may be imminent despite analyst optimism.
Key entities
- analyst firmPiper Sandler
Provided rating upgrades and price target increases for MPC and PSX.
- companyCVR Energy
Reported better‑than‑expected Q2 sales and high plant utilization.
