As previously reported, UBS analyst Manav Gupta initiated coverage of Marathon Petroleum with a Buy rating and $165 price target. Marathon has paid out $19.3B to shareholders in the past two years, supported by Speedway sales proceeds, the analyst tells investors in a research note in which the firm calls the company "The Cash Machine." The firm estimates Marathon will return about $20.4B to shareholders over 2023-2026, which equates to 35% of the company’s market cap.
Published first on TheFly
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