Can Marathon Petroleum (MPC) Still Justify Its Price On Cash Flow?

Marathon Petroleum has logged a very large gain over the past several years, which puts a spotlight on whether the current share price lines up with the cash the business can generate. With the stock now reflecting years of strong sentiment toward refiners, the key issue is how that price stacks up against the intrinsic value implied by its future cash flows. Over the past 5 years, Marathon Petroleum has delivered a return of roughly 7x, which raises the question of how much future cash...