US Bancorp DE raised its position in shares of Marathon Oil Co. (NYSE:MRO – Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,852 shares of the oil and gas producer’s stock after buying an additional 1,535 shares during the quarter. US Bancorp DE’s holdings in Marathon Oil were worth $1,229,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of MRO. Invesco Ltd. lifted its position in shares of Marathon Oil by 51.4% in the third quarter. Invesco Ltd. now owns 27,988,152 shares of the oil and gas producer’s stock worth $748,683,000 after purchasing an additional 9,504,754 shares in the last quarter. Morgan Stanley lifted its position in shares of Marathon Oil by 22.6% in the third quarter. Morgan Stanley now owns 11,797,521 shares of the oil and gas producer’s stock worth $315,584,000 after purchasing an additional 2,176,062 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Marathon Oil by 127.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock worth $61,067,000 after purchasing an additional 1,415,639 shares in the last quarter. Korea Investment CORP lifted its position in shares of Marathon Oil by 787.1% in the third quarter. Korea Investment CORP now owns 1,475,267 shares of the oil and gas producer’s stock worth $39,463,000 after purchasing an additional 1,308,965 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Marathon Oil by 284.3% in the third quarter. Aviva PLC now owns 974,186 shares of the oil and gas producer’s stock worth $26,059,000 after purchasing an additional 720,718 shares in the last quarter. 77.24% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Patrick Wagner sold 39,969 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the transaction, the insider now owns 176,923 shares of the company’s stock, valued at $4,757,459.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Michael A. Henderson sold 51,389 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $27.59, for a total transaction of $1,417,822.51. Following the transaction, the vice president now owns 114,828 shares of the company’s stock, valued at $3,168,104.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the transaction, the insider now directly owns 176,923 shares in the company, valued at approximately $4,757,459.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.35% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Marathon Oil from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. The Goldman Sachs Group increased their price target on shares of Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Susquehanna restated a “positive” rating and issued a $33.00 price objective on shares of Marathon Oil in a report on Monday, April 22nd. Truist Financial dropped their price objective on Marathon Oil from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Benchmark restated a “buy” rating and issued a $32.00 price objective on shares of Marathon Oil in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.81.
Check Out Our Latest Stock Report on MRO
Marathon Oil Trading Up 2.7 %
NYSE:MRO opened at $28.96 on Monday. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 11.97 and a beta of 2.18. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $27.56 and its 200-day moving average is $25.36.
Marathon Oil (NYSE:MRO – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts anticipate that Marathon Oil Co. will post 2.83 EPS for the current year.
Marathon Oil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, May 14th. Marathon Oil’s dividend payout ratio (DPR) is currently 18.18%.
Marathon Oil Profile
Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.
Further Reading
Receive News & Ratings for Marathon Oil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Marathon Oil and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
