Baird Financial Group Inc. Raises Position in Marathon Oil Co. (NYSE:MRO)

Baird Financial Group Inc. increased its stake in shares of Marathon Oil Co. (NYSE:MROGet Rating) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,673 shares of the oil and gas producer’s stock after buying an additional 1,957 shares during the quarter. Baird Financial Group Inc.’s holdings in Marathon Oil were worth $376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. lifted its position in shares of Marathon Oil by 19.7% during the first quarter. Daiwa Securities Group Inc. now owns 8,659 shares of the oil and gas producer’s stock valued at $217,000 after purchasing an additional 1,426 shares in the last quarter. SG Americas Securities LLC increased its stake in Marathon Oil by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 39,237 shares of the oil and gas producer’s stock valued at $985,000 after buying an additional 3,365 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Marathon Oil by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 103,901 shares of the oil and gas producer’s stock worth $2,609,000 after buying an additional 1,096 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Marathon Oil in the first quarter valued at approximately $307,000. Finally, National Asset Management Inc. purchased a new stake in shares of Marathon Oil during the first quarter valued at approximately $219,000. 75.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Dane E. Whitehead sold 28,553 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $22.61, for a total transaction of $645,583.33. Following the completion of the transaction, the chief financial officer now owns 229,129 shares of the company’s stock, valued at $5,180,606.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dane E. Whitehead sold 28,553 shares of Marathon Oil stock in a transaction on Friday, September 30th. The shares were sold at an average price of $22.61, for a total transaction of $645,583.33. Following the completion of the sale, the chief financial officer now directly owns 229,129 shares of the company’s stock, valued at approximately $5,180,606.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 80,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total transaction of $2,604,800.00. Following the completion of the transaction, the vice president now owns 105,250 shares of the company’s stock, valued at $3,426,940. The disclosure for this sale can be found here. Insiders have sold 481,406 shares of company stock worth $15,004,236 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Marathon Oil Stock Down 2.5 %

Shares of NYSE:MRO opened at $30.04 on Tuesday. The firm has a fifty day moving average price of $28.16 and a two-hundred day moving average price of $26.25. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 5.77, a PEG ratio of 0.56 and a beta of 2.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 1.04. Marathon Oil Co. has a one year low of $14.29 and a one year high of $33.42.

Marathon Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.20%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, November 15th. Marathon Oil’s payout ratio is presently 6.91%.

Analyst Upgrades and Downgrades

MRO has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Marathon Oil from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Jefferies Financial Group assumed coverage on shares of Marathon Oil in a research report on Wednesday, October 19th. They issued a “hold” rating and a $30.00 price objective on the stock. Barclays increased their target price on shares of Marathon Oil from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 19th. Morgan Stanley decreased their price target on shares of Marathon Oil from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Finally, Citigroup upped their price objective on Marathon Oil to $30.00 in a research note on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.44.

Marathon Oil Company Profile

(Get Rating)

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.

Further Reading

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

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