AIA Group Ltd Sells 66,662 Shares of Marathon Oil Co. (NYSE:MRO)

AIA Group Ltd trimmed its stake in Marathon Oil Co. (NYSE:MROGet Rating) by 94.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,138 shares of the oil and gas producer’s stock after selling 66,662 shares during the period. AIA Group Ltd’s holdings in Marathon Oil were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MRO. Wellington Management Group LLP grew its holdings in Marathon Oil by 1,220.4% in the 1st quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock valued at $219,828,000 after buying an additional 8,091,570 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Marathon Oil by 60.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock valued at $194,346,000 after buying an additional 2,904,140 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Marathon Oil by 3,527.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,735,575 shares of the oil and gas producer’s stock valued at $68,690,000 after buying an additional 2,660,158 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Marathon Oil by 922.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,043,561 shares of the oil and gas producer’s stock valued at $45,939,000 after buying an additional 1,843,765 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Marathon Oil by 3,668.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,890,724 shares of the oil and gas producer’s stock valued at $47,406,000 after buying an additional 1,840,555 shares during the last quarter. 75.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MRO has been the topic of a number of research analyst reports. Citigroup raised their target price on Marathon Oil to $30.00 in a report on Thursday, October 27th. Credit Suisse Group lifted their price objective on Marathon Oil from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, November 3rd. StockNews.com lowered Marathon Oil from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Piper Sandler lifted their price objective on Marathon Oil from $38.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley decreased their price objective on Marathon Oil from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.44.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, CAO Rob L. White sold 2,000 shares of Marathon Oil stock in a transaction on Friday, November 4th. The stock was sold at an average price of $32.31, for a total value of $64,620.00. Following the completion of the transaction, the chief accounting officer now owns 41,377 shares in the company, valued at approximately $1,336,890.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Rob L. White sold 2,000 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $32.31, for a total transaction of $64,620.00. Following the completion of the sale, the chief accounting officer now owns 41,377 shares in the company, valued at $1,336,890.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dane E. Whitehead sold 33,252 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $26.01, for a total value of $864,884.52. Following the sale, the chief financial officer now owns 257,682 shares of the company’s stock, valued at approximately $6,702,308.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 481,406 shares of company stock worth $15,004,236. 0.52% of the stock is currently owned by insiders.

Marathon Oil Trading Down 1.6 %

Shares of MRO opened at $30.80 on Monday. The stock has a fifty day moving average price of $28.10 and a two-hundred day moving average price of $26.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.08. Marathon Oil Co. has a 52-week low of $14.29 and a 52-week high of $33.42. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 0.56 and a beta of 2.47.

Marathon Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be given a $0.09 dividend. This is an increase from Marathon Oil’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.17%. Marathon Oil’s payout ratio is presently 6.91%.

Marathon Oil Company Profile

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Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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