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Marathon Petroleum’s chief legal officer sells $1.77m in stock

Published 19/08/2025, 19:06
Marathon Petroleum’s chief legal officer sells $1.77m in stock
MPC
0.47%

Molly R. Benson, Chief Legal Officer and Corporate Secretary at Marathon Petroleum Corp (NYSE:MPC), a $49.67 billion market cap oil and gas giant, sold 10,879 shares of common stock on August 15, 2025. The shares were sold at $163, for a total value of $1,773,277. According to InvestingPro analysis, MPC stock generally trades with low price volatility and is currently trading below its Fair Value.

On the same day, Benson also exercised options to acquire 10,879 shares of Marathon Petroleum common stock at an exercise price of $62.68, for a total value of $681,895. Want deeper insights into insider trading patterns and 12+ additional exclusive ProTips? Discover more with an InvestingPro subscription.

Following these transactions, Benson directly owns 28,699.942 shares of Marathon Petroleum Corp. Additionally, Benson indirectly owns 86.721 shares through a 401(k) plan.

The sale was executed under a Rule 10b5-1 trading plan adopted on May 14, 2025.

In other recent news, Marathon Petroleum reported robust second-quarter earnings for 2025, surpassing market expectations. The company achieved an earnings per share of $3.96, significantly higher than the forecasted $3.11. Revenue also exceeded predictions, reaching $34.1 billion compared to the anticipated $33.04 billion. UBS reiterated its Buy rating on Marathon Petroleum, with a price target of $203.00, citing stronger crack spreads and wider Western Canadian Select crude differentials. The investment bank also revised its 2025 earnings per share estimate for the company to $8.14 from $7.08, reflecting the recent earnings beat, which was 31% above UBS estimates. These developments highlight Marathon Petroleum’s strong financial performance and positive outlook as noted by UBS.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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