Marathon Oil Co. (NYSE:MRO) Shares Bought by McAdam LLC

McAdam LLC lifted its stake in Marathon Oil Co. (NYSE:MRO) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,995 shares of the oil and gas producer’s stock after acquiring an additional 508 shares during the period. McAdam LLC’s holdings in Marathon Oil were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. HWG Holdings LP bought a new stake in shares of Marathon Oil in the 2nd quarter worth approximately $26,000. Founders Capital Management raised its holdings in shares of Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Marathon Oil in the 2nd quarter worth approximately $29,000. Grove Bank & Trust raised its holdings in shares of Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares in the last quarter. Finally, Hilltop National Bank raised its holdings in shares of Marathon Oil by 89.5% in the 2nd quarter. Hilltop National Bank now owns 1,620 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 765 shares in the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MRO. Wells Fargo & Company dropped their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Truist Financial cut their price target on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Scotiabank boosted their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Piper Sandler boosted their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Buying and Selling

In related news, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the sale, the vice president now directly owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. This 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 owned by insiders.

Marathon Oil Stock Performance

MRO stock opened at $26.47 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 10.30 and a beta of 2.16. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. The firm has a 50 day moving average of $27.42 and a two-hundred day moving average of $27.60.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, equities analysts anticipate that Marathon Oil Co. will post 2.43 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s dividend payout ratio is currently 17.12%.

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.