Marathon Oil Co. (NYSE:MRO) Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC decreased its stake in Marathon Oil Co. (NYSE:MRO) by 30.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,840 shares of the oil and gas producer’s stock after selling 4,290 shares during the quarter. Segment Wealth Management LLC’s holdings in Marathon Oil were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Marathon Oil by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after purchasing an additional 6,835,604 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Marathon Oil by 13.1% in the 2nd quarter. Pacer Advisors Inc. now owns 13,369,821 shares of the oil and gas producer’s stock valued at $383,313,000 after purchasing an additional 1,552,210 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Marathon Oil by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock worth $242,582,000 after buying an additional 328,184 shares in the last quarter. LSV Asset Management grew its position in Marathon Oil by 10.1% during the second quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock valued at $184,741,000 after buying an additional 593,100 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Marathon Oil by 1.0% in the second quarter. Victory Capital Management Inc. now owns 2,786,956 shares of the oil and gas producer’s stock valued at $79,902,000 after buying an additional 27,495 shares in the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Trading Down 0.6 %

Shares of Marathon Oil stock opened at $26.45 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The stock’s 50 day simple moving average is $27.49 and its 200-day simple moving average is $27.63. The stock has a market cap of $14.92 billion, a P/E ratio of 10.93 and a beta of 2.16. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm posted $0.48 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts predict that Marathon Oil Co. will post 2.52 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, August 21st. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MRO. StockNews.com initiated coverage on Marathon Oil in a research note on Tuesday. They issued a “buy” rating for the company. Susquehanna cut their price objective on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Truist Financial decreased their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. UBS Group cut their price target on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Finally, Mizuho decreased their price objective on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Buying and Selling at Marathon Oil

In other news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

About Marathon Oil

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.