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Top Buys by Top Brass: CEO Tillman's $499.5K Bet on MRO

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $499.5K by Lee M. Tillman, CEO at Marathon Oil Corp. (Symbol: MRO).

08/07/2015 Lee M. Tillman President and CEO 25,600 $19.51 $499,454.01

Tillman's average cost works out to $19.51/share. In trading on Thursday, bargain hunters could buy shares of Marathon Oil Corp. (Symbol: MRO) and achieve a cost basis lower than Tillman, with shares changing hands as low as $14.74 per share. It should be noted that Tillman has collected $0.21/share in dividends since the time of their purchase, so they are currently down 23.4% on their purchase from a total return basis. Shares of Marathon Oil Corp. were changing hands at $15.15 at last check, trading up about 2% on Thursday. The chart below shows the one year performance of MRO shares, versus its 200 day moving average:

Marathon Oil Corp. Chart

Looking at the chart above, MRO's low point in its 52 week range is $14.03 per share, with $40.65 as the 52 week high point - that compares with a last trade of $15.15.

The current annualized dividend paid by Marathon Oil Corp. is $0.84/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/17/2015. Below is a long-term dividend history chart for MRO, which can be of good help in judging whether the most recent dividend with approx. 5.6% annualized yield is likely to continue.

MRO+Dividend+History+Chart

According to the ETF Finder at ETF Channel, MRO makes up 3.08% of the Unconventional Oil & Gas ETF (Symbol: FRAK) which is trading higher by about 1.1% on the day Thursday.

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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