Have Insiders Sold Marathon Oil Corporation (NYSE:MRO) Shares Recently?

By
Simply Wall St
Published
March 03, 2021
NYSE:MRO
Source: Shutterstock

Anyone interested in Marathon Oil Corporation (NYSE:MRO) should probably be aware that the Executive Vice President of Corporate Development & Strategy, Patrick Wagner, recently divested US$431k worth of shares in the company, at an average price of US$11.37 each. That sale was 18% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Marathon Oil

The Last 12 Months Of Insider Transactions At Marathon Oil

In fact, the recent sale by Patrick Wagner was the biggest sale of Marathon Oil shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of US$11.63, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 18% of Patrick Wagner's holding.

Happily, we note that in the last year insiders paid US$548k for 146.60k shares. But insiders sold 37.91k shares worth US$431k. In total, Marathon Oil insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:MRO Insider Trading Volume March 4th 2021

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Marathon Oil Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.3% of Marathon Oil shares, worth about US$24m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Marathon Oil Insider Transactions Indicate?

An insider sold Marathon Oil shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. And insiders do own shares. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Marathon Oil. For example - Marathon Oil has 2 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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