Marathon Petroleum: Still Has Gas In The Tank After 100% Returns [Seeking Alpha]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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US:NYSE Investor Relations:
ir.marathonpetroleum.com
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Source: Seeking Alpha
In my two year look ahead, MPC has ample margin to continue its large buyback program and increase the dividend even in the face of potentially declining crack spreads. MPC's refining business remains undervalued and can produce annual returns of 15% or more. Thesis In my original coverage of Marathon Petroleum ( NYSE: MPC ), I highlighted the company's diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if it's time to cash out, or to see if more can be squeezed out of MPC? In this article, I will show how strong crack spreads, coupled with rising distributions from MPLX will support long term appreciation of the company's stock. This appreciation will mainly occur as a result of forced appreciation through a strong share buyback plan. MPC is capable of allocating nearly a
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MPC
News
- Utica Shale Academy Uses MPLX Grant To Advance Welding Trade Program [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine [Seeking Alpha]Seeking Alpha
- Down -16.74% in 4 Weeks, Here's Why Marathon Petroleum (MPC) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Corporation (NYSE:MPC) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Co. (NYSE: MPC) had its price target lowered by analysts at Mizuho from $202.00 to $200.00. They now have a "neutral" rating on the stock.MarketBeat
MPC
Earnings
- 4/30/24 - Beat
MPC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/26/24 - Form 8-K
- MPC's page on the SEC website