Marathon Petroleum: Solid Q4 With Remarkable Buyback Capacity

2026-02-03 10:09:39 ET

Shares of Marathon Petroleum ( MPC ) have been a solid performer over the past year, gaining about 20% as the refining environment has improved over the past year and the company has continued to aggressively repurchase stock. Still, shares are down over 10% from their highs as we have seen refining spreads narrow. A solid Q4 and reiteration of its shareholder-friendly capital allocation program sent shares up 3% in early trading on Tuesday. I last covered Marathon in November , when I reiterated the stock a “strong buy,” but shares are down 3% since then, a disappointing performance. With updated financials, now is a good time to revisit MPC....

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