Marathon Petroleum Corp. (MPG) - Bull of the Day

By Zacks.com,  November 08, 2012, 12:00:01 AM EDT

We are maintaining our Outperform recommendation on Marathon Petroleum Corp. ( MPC ). Spun out of parent Marathon Oil Co. in 2011, the company is a leading refiner and marketer of petroleum products in the U.S.

Our bullish investment theme stems from Marathon Petroleum's scale advantage, impressive asset quality, and an extensive midstream/retail network that diversifies its portfolio and provides more stable revenue streams. We believe management's recently commenced $2 billion share repurchase program and the proposed acquisition of BP's Texas City refinery 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.

MPG OFFICE TRST (MPG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Investing Ideas, Stocks

Referenced Stocks: MPG



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