Marathon Petroleum (NYSE:MPC) Shares Unloaded Rep. Dan Newhouse

Representative Dan Newhouse (R-Washington) recently sold shares of Marathon Petroleum Co. NYSE: MPC. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Marathon Petroleum stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

Marathon Petroleum Trading Down 2.4%

Shares of NYSE:MPC traded down $3.89 during trading on Wednesday, reaching $158.44. 1,513,602 shares of the stock were exchanged, compared to its average volume of 2,705,925. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The firm's 50-day moving average price is $141.98 and its 200 day moving average price is $146.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $48.67 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.30%. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

MPC has been the topic of a number of recent research reports. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Mizuho boosted their price target on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays lifted their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

Hedge Funds Weigh In On Marathon Petroleum

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Marathon Petroleum by 21.0% during the first quarter. Jones Financial Companies Lllp now owns 293,314 shares of the oil and gas company's stock worth $42,353,000 after purchasing an additional 50,972 shares during the last quarter. Strs Ohio acquired a new stake in shares of Marathon Petroleum during the first quarter worth $10,471,000. Turn8 Private Wealth Inc. lifted its position in shares of Marathon Petroleum by 7.1% in the 1st quarter. Turn8 Private Wealth Inc. now owns 21,730 shares of the oil and gas company's stock worth $3,166,000 after buying an additional 1,444 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Marathon Petroleum by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 1,972 shares of the oil and gas company's stock valued at $287,000 after buying an additional 122 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of Marathon Petroleum by 13.3% during the 1st quarter. Advisors Capital Management LLC now owns 6,877 shares of the oil and gas company's stock valued at $1,002,000 after buying an additional 805 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.