Rep. Robert Bresnahan, Jr. Sells Off Shares of Marathon Petroleum Co. (NYSE:MPC)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Marathon Petroleum Co. NYSE: MPC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Marathon Petroleum stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Marathon Petroleum Stock Down 0.7%

Shares of NYSE:MPC traded down $1.20 during trading hours on Thursday, hitting $162.32. The company's stock had a trading volume of 100,920 shares, compared to its average volume of 2,708,387. The firm's fifty day moving average price is $138.59 and its 200 day moving average price is $145.34. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a market capitalization of $49.87 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Raymond James dropped their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley dropped their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank dropped their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Mizuho upped their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.29.

Institutional Investors Weigh In On Marathon Petroleum

A number of large investors have recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum in the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 201 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Bayh bought 1,000 shares of the 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 completion of the purchase, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Marathon Petroleum

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.