Michael A. Henschen II, who previously served as Executive Vice President of Refining at Marathon Petroleum Corp (MPC), executed a sale of company stock on February 12, 2026. According to a Form 4 filing with the Securities and Exchange Commission, Henschen sold 5,289 shares of common stock at $202.32 per share, for an aggregate value of about $1.07 million.
The filing further indicates that, following this transaction, Henschen directly owns 16,974 shares of Marathon Petroleum. The Form 4 also records an additional disposition of 511 shares in a separate transaction.
These insider transactions come in the wake of Marathon Petroleum reporting its fourth-quarter 2025 results. The company posted earnings per share of $4.07 for the quarter, outpacing the consensus estimate of $3.01. Revenue for the period came in at $33.42 billion, above the expected $32.86 billion.
Analysts reacted to the quarter by revising price targets and maintaining favorable ratings. BMO Capital raised its price target for Marathon Petroleum to $225 and kept an Outperform rating, citing the company’s strong quarterly performance and its positive guidance for the first quarter of 2026. Wells Fargo lifted its target to $217 from $213, emphasizing that Marathon’s EPS beat exceeded both consensus and Wells Fargo’s internal estimates.
TD Cowen also adjusted its outlook, increasing its price target to $198 from $183 while maintaining a Buy rating. TD Cowen attributed the upward adjustment to Marathon’s refining gross margin aligning with historical capture rates.
Together, the reported insider sale, the company’s quarterly results, and the subsequent analyst updates offer investors multiple pieces of disclosed information to weigh as they assess Marathon Petroleum’s near-term prospects. The Form 4 provides the precise share counts and transaction details, while the company’s reported earnings and revenue figures and the analysts’ commentary supply the market context for those who follow Marathon’s refining operations and financial performance.
Summary
Former Marathon refining executive Michael A. Henschen II sold 5,289 shares on February 12, 2026, at $202.32 per share, totaling about $1.07 million. Post-transaction, he directly owns 16,974 shares. Marathon reported Q4 2025 EPS of $4.07 and revenue of $33.42 billion, both beating expectations. Multiple analysts raised price targets and maintained positive ratings following the results.
Key points
- Insider transaction: Henschen sold 5,289 shares at $202.32 on February 12, 2026, and also disposed of 511 shares in a separate transaction.
- Company performance: Marathon’s Q4 2025 EPS was $4.07 versus a $3.01 consensus; revenue was $33.42 billion versus $32.86 billion expected.
- Analyst response: BMO, Wells Fargo, and TD Cowen raised price targets and retained positive ratings, citing strong results, positive guidance, and refining margin dynamics.
Risks and uncertainties
- Insider activity does not necessarily indicate company outlook - the Form 4 documents a sale but does not provide the rationale for the transaction.
- Analyst projections and price-target adjustments reflect external assessments - they can change and are not guarantees of future stock performance.
- Quarterly results and guidance provide a snapshot in time - subsequent quarterly reports or market conditions may alter expectations.