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Marathon Petroleum Rises as Investors Continue to Digest Strong Q3 Results and Asset Sale

Investivoq PriceTracker

Marathon Petroleum (MPC) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued investor reaction to Marathon Petroleum’s very strong third-quarter results and capital return plans announced earlier this month. The stock also appears to be getting support from the company’s agreement to sell two refineries and related assets, which could sharpen its portfolio and free up cash for reinvestment and buybacks.

Details:

  • Marathon Petroleum disclosed third-quarter adjusted EBITDA of $11.7 billion and adjusted earnings of $26.93 per share, helped by much stronger refining margins and full crude capacity utilization.
  • The company said it returned $3.3 billion to shareholders during the quarter and approved an additional $5 billion share repurchase authorization.
  • Management also announced a 10% increase in the quarterly dividend, reinforcing the market’s focus on shareholder returns and cash generation.
  • Marathon Petroleum said it agreed to divest the St. Paul Park and Mandan refineries, with total deal value of $4.2 billion, and plans to reinvest primarily along the Gulf Coast.

    • Sources:

    Marathon Petroleum, SEC, Marathon Petroleum Investor Relations

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $MPC Insider Trading Activity

    MPC Insider Trades

    $MPC insiders have traded $MPC stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

    Here’s a breakdown of recent trading of $MPC stock by insiders over the last 6 months:

    • MOLLY R BENSON (Chief Legal Ofc & Corp Sec) has made 0 purchases and 3 sales selling 17,196 shares for an estimated $6,165,969.
    • MICHAEL A II HENSCHEN (Ex VP, Refining) has made 0 purchases and 3 sales selling 12,347 shares for an estimated $3,756,370.
    • SHAWN M LYON (SVP Log & Storage, MPLX GP LLC) has made 0 purchases and 3 sales selling 3,925 shares for an estimated $1,407,366.
    • ERIN M BRZEZINSKI (VP and Controller) sold 570 shares for an estimated $206,790

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $MPC Hedge Fund Activity

    We have seen 1,050 institutional investors add shares of $MPC stock to their portfolio, and 897 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,622,511 shares (+inf%) to their portfolio in Q2 2026, for an estimated $670,497,387
    • HARRIS ASSOCIATES L P removed 2,576,961 shares (-91.8%) from their portfolio in Q2 2026, for an estimated $658,851,618
    • WELLINGTON MANAGEMENT GROUP LLP removed 2,385,034 shares (-42.3%) from their portfolio in Q2 2026, for an estimated $609,781,642
    • STATE STREET CORP removed 1,932,858 shares (-10.5%) from their portfolio in Q3 2026, for an estimated $764,290,710
    • BLACKROCK, INC. added 1,611,175 shares (+6.6%) to their portfolio in Q2 2026, for an estimated $411,929,112
    • BANK OF NEW YORK MELLON CORP removed 1,404,196 shares (-34.9%) from their portfolio in Q3 2026, for an estimated $555,247,182
    • FMR LLC removed 1,328,152 shares (-24.5%) from their portfolio in Q3 2026, for an estimated $525,177,863

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $MPC Government Contracts

    We have seen $642,895,227 of award payments to $MPC over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • 8512117928!DISTILLATE,NAVAL: $42,483,604
    • 8512196420!DISTILLATE,NAVAL: $37,734,715

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $MPC Congressional Stock Trading

    Members of Congress have traded $MPC stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

    Here’s a breakdown of recent trading of $MPC stock by members of Congress over the last 6 months:

    • REPRESENTATIVE DAVID TAYLOR has traded it 6 times. They made 0 purchases and 6 sales worth up to $90,000 on 10/15, 09/22, 07/24.
    • REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $MPC Price Targets

    Multiple analysts have issued price targets for $MPC recently. We have seen 3 analysts offer price targets for $MPC in the last 6 months, with a median target of $284.0.

    Here are some recent targets:

    • Jason Gabelman from TD Cowen set a target price of $315.0 on 06/29/2026
    • Joe Laetsch from Morgan Stanley set a target price of $265.0 on 06/12/2026
    • Nitin Kumar from Mizuho set a target price of $284.0 on 05/27/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.