Marathon Petroleum CCO Ricky D. Hessling buys 2,000 shares at $134.72 amid -37.5% drawdown from 52-week high
Hessling, the Chief Commercial Officer, purchased 2,000 shares at $134.72, increasing his holdings to 12,162 shares—a 19.7% gain on his pre-transaction position of 10,162 shares. The purchase occurs as Marathon Petroleum trades at $137.02, down 37.5% from its 52-week high of $219.13 and declining 11.8% over the past 30 days and 5.9% over 90 days. The company carries a modest valuation with a P/E of 13.55 and reported net income of $622.0M on revenue of $35.1B in the latest quarter, though annual revenue has contracted 6.4% year-over-year. The timing of this open-market acquisition in a period of significant price weakness and recent operational contraction presents a data point for investor observation, though the transaction size ($269,440.00) is moderate relative to the company's $42.8B market cap.