Rep. Jefferson Shreve Buys Marathon Petroleum Co. (NYSE:MPC) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Marathon Petroleum Co. (NYSE:MPC). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Marathon Petroleum stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded up $2.45 on Wednesday, hitting $124.68. The company had a trading volume of 1,491,008 shares, compared to its average volume of 2,685,313. The business has a 50 day moving average of $142.41 and a 200 day moving average of $148.26. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $207.68. The company has a market cap of $38.84 billion, a PE ratio of 12.56, a PEG ratio of 3.11 and a beta of 1.04.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the previous year, the firm earned $3.98 EPS. The company’s revenue was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.92%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays decreased their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Monday. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Raymond James dropped their price target 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. Finally, Wells Fargo & Company dropped their price target on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Hedge Funds Weigh In On Marathon Petroleum

A number of large investors have recently modified their holdings of MPC. Wellington Management Group LLP increased its stake in Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company’s stock valued at $1,389,630,000 after purchasing an additional 4,367,774 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Marathon Petroleum by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company’s stock worth $670,151,000 after buying an additional 315,786 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Marathon Petroleum by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company’s stock worth $613,624,000 after purchasing an additional 452,043 shares during the last quarter. Demars Financial Group LLC grew its position in Marathon Petroleum by 16,338.3% in the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company’s stock worth $582,710,000 after acquiring an additional 4,151,722 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Marathon Petroleum by 14.0% during the fourth quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company’s stock worth $549,260,000 after purchasing an additional 484,438 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.