Marathon Petroleum poised for 30% gain by 2027 amid refining tightness and stable MPLX earnings

Marathon Petroleum (MPC) benefits from global refining tightness due to reduced Russian exports and a strong US presence. Its 65% stake in MPLX LP provides stable earnings, boosting valuation but limiting upside compared to peers with more operational leverage. Analyst Ricardo Fernandez projects a 30% price increase to $387 by the end of 2027, supported by dividends and buybacks. He rates MPC as Hold, favoring other refining stocks like DINO and PBF for greater upside potential in bullish markets.