Marathon Oil Co. (NYSE:MRO) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its holdings in shares of Marathon Oil Co. (NYSE:MROGet Rating) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,286 shares of the oil and gas producer’s stock after buying an additional 4,655 shares during the quarter. US Bancorp DE’s holdings in Marathon Oil were worth $1,474,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ronald Blue Trust Inc. acquired a new position in shares of Marathon Oil during the 2nd quarter worth approximately $30,000. Brown Brothers Harriman & Co. raised its stake in Marathon Oil by 90.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 647 shares during the last quarter. Covestor Ltd raised its stake in Marathon Oil by 76.6% in the 1st quarter. Covestor Ltd now owns 1,427 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 619 shares during the last quarter. High Net Worth Advisory Group LLC raised its stake in Marathon Oil by 50.0% in the 1st quarter. High Net Worth Advisory Group LLC now owns 1,500 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. Finally, CX Institutional acquired a new position in Marathon Oil in the 2nd quarter valued at $34,000. 77.30% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Stock Performance

NYSE MRO opened at $26.80 on Wednesday. The stock has a market cap of $16.97 billion, a PE ratio of 5.14, a P/E/G ratio of 0.28 and a beta of 2.43. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. Marathon Oil Co. has a twelve month low of $17.01 and a twelve month high of $33.42. The stock has a fifty day simple moving average of $28.46 and a 200-day simple moving average of $26.40.

Marathon Oil (NYSE:MROGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The oil and gas producer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. Marathon Oil had a return on equity of 27.76% and a net margin of 46.11%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Equities analysts anticipate that Marathon Oil Co. will post 4.51 earnings per share for the current year.

Marathon Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Wednesday, November 16th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. This is a boost from Marathon Oil’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is 6.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada increased 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. The Goldman Sachs Group increased their price objective on Marathon Oil from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Wednesday, November 23rd. Credit Suisse Group increased their price objective on Marathon Oil from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Citigroup reduced their price objective on Marathon Oil from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, January 13th. Finally, Piper Sandler dropped their target price on Marathon Oil from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.38.

Insider Activity at Marathon Oil

In related news, CFO Dane E. Whitehead sold 172,230 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $31.86, for a total transaction of $5,487,247.80. Following the completion of the transaction, the chief financial officer now directly owns 205,870 shares in the company, valued at approximately $6,559,018.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marathon Oil news, VP Michael A. Henderson sold 80,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total value of $2,604,800.00. Following the sale, the vice president now owns 105,250 shares of the company’s stock, valued at approximately $3,426,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dane E. Whitehead sold 172,230 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $31.86, for a total value of $5,487,247.80. Following the completion of the sale, the chief financial officer now directly owns 205,870 shares in the company, valued at approximately $6,559,018.20. The disclosure for this sale can be found here. Insiders sold 419,601 shares of company stock worth $13,493,768 in the last three months. 0.52% of the stock is owned by company insiders.

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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