MRO - Lee M Tillman Implements A Sell Strategy: Offloads $2.17M In Marathon Oil Stock | Benzinga
A substantial insider sell was reported on March 21, by Lee M Tillman, Chairman at Marathon Oil (NYSE:MRO), based on the recent SEC filing.
What Happened: Tillman's recent move involves selling 80,647 shares of Marathon Oil. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $2,172,718.
Monitoring the market, Marathon Oil's shares up by 0.04% at $27.21 during Friday's morning.
All You Need to Know About Marathon Oil
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.
Financial Insights: Marathon Oil
Decline in Revenue: Over the 3 months period, Marathon Oil faced challenges, resulting in a decline of approximately -1.12% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher ...