Marathon Petroleum Corp. (MPC)
by Zacks Equity ResearchJune 07, 2012 | Comments : 0 Recommended this article: (0)
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We believe management's recently commenced $2 billion share repurchase program and potential formation of a midstream MLP could further boost shareholder value. Marathon Petroleum's low debt ratio and hefty cash balance add to the positive sentiment.
All in all, we believe the company is well positioned going forward and view it as an attractive investment. This is reflected in our continued Outperform recommendation and the $41 price objective, which is based on a multiple of 4.6X trailing twelve-month cash flow.
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