Marathon Petroleum: The Golden Age For Refining Is Here

2026-05-05 13:16:32 ET

Shares of Marathon Petroleum Corporation ( MPC ) have been an excellent performer over the past year, surging about 78% during the company’s aggressive buyback program and reflecting majority ownership of MPLX (MPLX). Beyond these enduring strengths, the company has been a primary beneficiary of the war in Iran. This conflict has greatly impaired global product flows, creating shortages in products like jet fuel, that have caused refining margins to blow out wider, greatly enhancing profitability. I last covered Marathon in February , rating the stock a Strong Buy, and shares have gained 35% since then. Aided by the Iran War boost, shares are now above my $210 price target, making now a good time to review shares....

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