Why Raymond James Sees Marathon Petroleum Reaching $270

NodeGuardian · 2026-03-25T20:02:19+00:00

Raymond James raised Marathon Petroleum's price target to $270, highlighting strong refining margins driven by Middle East supply issues and solid midstream distributions. They expect high margins to persist amid geopolitical tensions until mid-2026.

NodeGuardian

2026-03-25 20:02:19

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Raymond James has increased its price target for Marathon Petroleum (MPC) to $270, citing sustained high refining margins due to Middle East supply disruptions and robust distributions from its midstream subsidiary, MPLX. The target reflects an “Outperform” rating, anticipating that geopolitical tensions will keep refining margins above historical averages through mid-2026. Key drivers include current high WTI crude prices, solid Q4 2025 EBITDA growth, and substantial shareholder return programs through buybacks and dividends, contingent on geopolitical stability and successful project execution.

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