Molly R. Benson, general counsel and corporate secretary of Marathon Petroleum Corp., sold 17,196 shares of common stock on August 17, 2026, for approximately $6.17 million under a Rule 10b5-1 pre-established trading plan adopted on May 15, 2026.
The shares were sold at a price of $358.57 per share, according to regulatory filings. Prior to the sale, Benson acquired the same number of shares through the exercise of stock options at an exercise price of $47.73 per share, resulting in a total cost of $820,765. Benson also holds an additional 88,355 shares indirectly through a 401(k) plan, including shares acquired via dividend reinvestment.
Marathon Petroleum's stock has risen to $387, near its 52-week high of $391.98, reflecting a year-to-date gain of 140%. InvestingPro analysis indicates the stock is trading at fair value at current levels.
The company reported strong Q2 2026 financial results, with earnings per share of $17.73, exceeding Wall Street expectations of $12.94. Revenue totaled $52.34 billion, surpassing analyst forecasts of $41.16 billion, while adjusted EBITDA reached $8.5 billion. Marathon Petroleum attributed the performance to robust operations, favorable market conditions, and a disciplined crude oil sourcing strategy.
Freedom Broker upgraded Marathon Petroleum's rating from "Sell" to "Hold," citing exceptionally strong refining margins and operational efficiency. The brokerage raised its price target to $297 from $217.
