Marathon Petroleum (MPC) Could Smash Its All Time High, UBS Says Marathon Petroleum Corporation has been on a tear since 2026, doubling in value and pushing its stock price towards an all time high.
The American refining giant's success can be attributed to a perfect storm of global events – including the ongoing Middle East conflict and Ukrainian attacks on Russian oil refineries – which have significantly reduced global refining capacity and tightened supplies of gasoline, diesel, and jet fuel.
UBS analysts are undeterred by concerns that Marathon has already hit its peak. They've raised their price target for MPC from $321 to $450, a move that suggests a further upside of over 14% from current levels.