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.