Marathon: Share Repurchases Continue To Generate Value (Downgrade)
Marathon(MPC) Seeking Alpha·2024-03-16 06:07
MichaelRLopez Marathon Petroleum Corporation (NYSE:MPC) has continued to be a strong performer with shares recently hitting a 52-week high, up nearly 50% from a year ago. Since reiterating MPC as a strong buy in November, shares have risen a further 27%, more than doubling the S&P 500's gains. With this rise, shares have reached my ~$186 price target, making now an appropriate time to revisit shares, as valuation may not be as compelling as it once was. I come to the conclusion that MPC is still a buy. Seek ...