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MarketBeat
MarketBeat
Business
Thomas Hughes

Marathon Petroleum Company Is Ready to Sprint Higher

Marathon Petroleum Company (NYSE: MPC) was poised to advance ahead of its Q4 earnings release, and the report triggered the move. Affirming the company’s strong position in petroleum refining and the strength of its capital return, the report catalyzed a trend-following signal with the potential to take this market to new highs. The dividend, as attractive as it is, isn’t the only driver, as share buybacks are part of the picture. 

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