MRO MARATHON OIL CORP Insider Trading

CFO Patrick Wagner sells 36,094 MRO shares ($1.0M) at $28.84; post-sale holdings: 104,735 shares (-25.6%)

Patrick Wagner sold 36,094 shares of Marathon Oil at $28.84 on 2024-11-19, reducing his holdings by 25.6% to 104,735 shares and realizing $1,041,095.34. At the same-ticker level, his prior three sales at MRO showed mixed timing: two of the three were well-timed at the 90-day horizon (with negative 90d returns of -8.3% and -8.4%), while the most recent sale on 2024-03-19 was poorly-timed (90d return +1.6%). His cross-ticker track record across all open-market sales shows a 66.67% well-timed rate at the 90-day mark, with an average 90d return of -5.0%. The current stock price of $28.92 sits near the 52-week high of $29.69 and has gained 8.9% over the trailing 30 days. Marathon Oil's fundamentals show a $1.8B quarterly revenue with $287.0M net income, though annual revenue growth has declined -16.7% year-over-year, yielding a P/E of 12.15.

MRO CEO TILLMAN LEE M sold 256,591 shares at $29.07 (Nov 18), reducing holdings by 30.1% to 596,330 shares

TILLMAN LEE M, as Chairman, President and CEO, sold 256,591 shares of Marathon Oil for $7,459,510.92, a substantial reduction of 30.1% from his pre-transaction holdings of 852,921 shares. The sale occurred at $29.07, near the 52-week high of $29.69, with the stock subsequently declining 3.2% to a current price of $28.75. In the context of his cross-ticker track record, this represents his third open-market sale; his prior two sales averaged a 90-day return of -4.6%, and the well-timed rate (measuring sales that preceded declines) stood at 50.00%. At Marathon Oil specifically, his two prior sales showed mixed outcomes: a 2024 sale achieved +1.7% and +1.4% returns at 30 and 90 days, while a 2023 sale returned +2.6% at 30 days but -10.7% at 90 days, with 1 of 2 being well-timed at the 90-day mark. The company's fundamentals show annual revenue decline of -16.7% year-over-year, though it maintains a relatively modest P/E of 12.08 and $16.1B market cap. The volume and timing of this sale from the CEO merit investor attention given the substantial magnitude and the proximity to recent highs.

Dane Whitehead sold 52,008 MRO shares at $27.50 (Sept 18), reducing stake 34.2% to 100K shares; insider's prior 5 MRO sales 80% well-timed.

Dane Whitehead executed a substantial reduction of his Marathon Oil position, selling 52,008 shares (-34.2% vs pre-transaction holdings) at $27.50 on 2024-09-18 for $1,430,251.20. His same-ticker history shows a strong timing pattern: 4 of 5 prior sells at MRO were well-timed at the 90-day mark, with negative average 90-day returns indicating he typically sold before declines. The current price of $27.93 sits 5.9% from the 52-week high and in positive territory over 30 and 90 days, yet his cross-ticker track record (5 prior sells across all tickers) shows an 80.00% well-timed rate with average 90-day return of -5.5%. This sale occurs in a company with -16.7% annual revenue growth and a relatively low P/E of 10.46, suggesting mature, slower-growth energy exposure. The combination of material position reduction and a documented pattern of well-timed exits at this ticker warrants attention to whether current market conditions reflect insider reassessment of near-term prospects.

Executive VP Henderson Michael A sold 38,000 MRO shares at $27.21 on 2024-09-06; stock now at $26.22, -11.7% from 52-week high.

Henderson Michael A sold 38,000 shares (33.1% of his pre-transaction holdings) at $27.21, reducing his position from 114,828 to 76,828 shares. The sale price sits within the 52-week range of $22.15–$29.69, though the stock has declined 4.0% over the 30 days following the transaction and 6.5% over 90 days. At the 90-day horizon, this particular sale aligns with the company's post-transaction price decline. Across his three prior MRO trades, Henderson achieved only 1 of 3 well-timed sells at the 90-day mark; his cross-ticker track record shows a 33.33% well-timed sell rate with an average 90-day return of -2.6%, indicating mixed timing accuracy historically. Marathon Oil's fundamentals show a $1.7B quarterly revenue base but a concerning -16.7% annual revenue decline and a compressed 9.82 P/E ratio, providing context for why an insider might pare holdings.