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.