Rep. David J. Taylor has sold shares of Marathon Petroleum ahead of the company's Q3 2026 earnings, scheduled for release before market open on November 3. The filings show two sales in MPC, part of a concentrated set of trades by the congressman that also include two sales in PG and two purchases each in PLD, RPM and T. With the refining sector enjoying record margins, the timing of the MPC exits relative to the earnings calendar stands out. Analysts currently forecast EPS around $25.74, implying roughly 755 percent year-over-year growth driven by crack spreads near $44.76 per barrel and strong distillate demand. MPC has beaten estimates in recent quarters, most recently delivering $17.73 per share against consensus near $14. Taylor's sales therefore occur against a backdrop of upwardly revised projections and Zacks Rank #1 coverage.
Similar caution appears in other consumer and cyclical names facing imminent reports. Rick Larsen and Pete Sessions each sold shares of Home Depot, which reports fiscal Q3 results on November 17. Consensus calls for EPS near $3.83 on roughly 3.4 percent revenue growth, with investors watching comparable-store sales, professional versus DIY demand, and any updates on housing market trends. The two sales in HD bring the total congressional exits in consumer-facing stocks to several in recent days.
On the buy side Taylor added to Prologis in real estate, RPM International in basic materials, and AT&T in communication services. These purchases, combined with a single ADI buy by Larsen, suggest selective positioning in areas less directly tied to discretionary consumer spending. The earnings_watch signal also captured twelve additional trades across politicians including Diana Harshbarger, Darrell E. Issa, Suzan K. DelBene, Rudy Yakym and Kevin Hern, with six buys outweighing three sells. While the specific names behind the N/A category are not broken out, the volume indicates lawmakers remain active as earnings season accelerates.
Taken together the filings show a mixed stance. Sales in MPC and HD come as both companies enter reports with generally favorable backdrops yet face macroeconomic crosscurrents around consumer health and energy prices. Buys in real estate, materials and telecom may reflect expectations of steadier demand in those sectors regardless of headline GDP prints. With full-year 2026 EPS targets for MPC now clustering near $61-66, any variance between congressional positioning and consensus outcomes will be closely watched by retail investors tracking Capitol Hill activity.
This is data analysis, not financial advice.
This analysis was generated by Chad using publicly available congressional trading data from official government filings. This is not financial advice. All data is sourced from senate.gov, clerk.house.gov, and SEC EDGAR.