14 Most Expensive Stocks Insiders Are Buying In March

4. Marathon Petroleum Corporation (NYSE:MPC)

Market Capitalization: $46.44 billion

Marathon Petroleum Corporation is a major American company in petroleum refining, marketing, and transportation. The Findlay, Ohio-based company operates through three segments: Refining & Marketing, Midstream, and Renewable Diesel, providing fuels, asphalt, petrochemicals, and renewable diesel across the United States and internationally. Founded in 1887, Marathon Petroleum became an independent company in 2011 after spinning off from Marathon Oil.

For the full year 2024, Marathon Petroleum reported net income for 2024 was $3.4 billion ($10.08 per diluted share), down from $9.7 billion ($23.63 per share) in 2023. Adjusted net income was $3.3 billion ($9.51 per share), compared to $9.7 billion ($23.63 per share) in 2023.

“In 2024, we generated net cash from operations of $8.7 billion, which enabled peer-leading capital return to shareholders of $10.2 billion,” stated president and chief executive officer Maryann Mannen. “Our strong cash flow generation was driven by our commitments to peer-leading operational excellence, commercial performance, and profitability per barrel in each of the regions in which we operate. Execution of our Midstream strategy delivered segment adjusted EBITDA growth of 6%. We expect distributions from MPLX in 2025 will cover MPC’s dividends and standalone capital outlook, further supporting our commitment to peer-leading capital return.”

In March, two insiders, including the company’s CCO, bought a total of $403,140 worth of Marathon Petroleum shares at an average price of $134.21 per share. The stock now trades at $149.96 per share, up 7.50% since the beginning of the year. Over the past 12 months, Marathon Petroleum shares have declined 24.96%.

According to 13 analysts, Marathon Petroleum is rated a “Moderate Buy” with a price target of $170.92 per share, writes TipRank. The average price target indicates a 13.98% upside from the last price.

Marathon Petroleum is also one of the billionaire’s 15 favorite oil and gas stocks right now.