Blair William & Co. IL Has $938,000 Position in Marathon Oil Co. (NYSE:MRO)

Blair William & Co. IL cut its position in shares of Marathon Oil Co. (NYSE:MRO) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,154 shares of the oil and gas producer’s stock after selling 742 shares during the quarter. Blair William & Co. IL’s holdings in Marathon Oil were worth $938,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Marathon Oil by 1.2% during the first quarter. Wellington Management Group LLP now owns 9,680,680 shares of the oil and gas producer’s stock worth $231,949,000 after buying an additional 111,336 shares in the last quarter. National Pension Service grew its holdings in shares of Marathon Oil by 20.6% during the first quarter. National Pension Service now owns 1,173,681 shares of the oil and gas producer’s stock worth $27,828,000 after buying an additional 200,179 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Marathon Oil by 1.6% during the first quarter. First Republic Investment Management Inc. now owns 2,181,738 shares of the oil and gas producer’s stock worth $52,274,000 after buying an additional 34,201 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Marathon Oil by 27.0% during the first quarter. ProShare Advisors LLC now owns 241,479 shares of the oil and gas producer’s stock worth $5,786,000 after buying an additional 51,316 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Marathon Oil by 14.4% during the first quarter. Profund Advisors LLC now owns 44,768 shares of the oil and gas producer’s stock worth $1,073,000 after buying an additional 5,640 shares in the last quarter. 76.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MRO. Truist Financial decreased their price objective on Marathon Oil from $39.00 to $35.00 in a report on Monday, July 24th. Piper Sandler raised their price target on Marathon Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. The Goldman Sachs Group upgraded Marathon Oil from a “sell” rating to a “neutral” rating and set a $25.00 price target for the company in a research note on Wednesday, July 12th. StockNews.com assumed coverage on Marathon Oil in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Citigroup lifted their target price on Marathon Oil from $27.00 to $29.00 in a research note on Thursday, July 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.94.

Insider Transactions at Marathon Oil

In other news, VP Michael A. Henderson sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $26.91, for a total transaction of $538,200.00. Following the completion of the transaction, the vice president now owns 131,254 shares of the company’s stock, valued at approximately $3,532,045.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Michael A. Henderson sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $26.91, for a total transaction of $538,200.00. Following the completion of the transaction, the vice president now owns 131,254 shares of the company’s stock, valued at approximately $3,532,045.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patrick Wagner sold 34,756 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $25.88, for a total value of $899,485.28. Following the sale, the insider now owns 167,533 shares in the company, valued at approximately $4,335,754.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,756 shares of company stock valued at $2,935,605. Corporate insiders own 0.42% of the company’s stock.

Marathon Oil Price Performance

Shares of NYSE MRO opened at $26.70 on Friday. The stock has a market capitalization of $16.17 billion, a PE ratio of 8.42, a P/E/G ratio of 0.57 and a beta of 2.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.74. The business has a fifty day moving average price of $25.50 and a two-hundred day moving average price of $24.35. Marathon Oil Co. has a fifty-two week low of $20.57 and a fifty-two week high of $33.42.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Marathon Oil had a return on equity of 18.67% and a net margin of 28.52%. The company’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. As a group, equities analysts predict that Marathon Oil Co. will post 2.43 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Marathon Oil’s dividend payout ratio (DPR) is currently 12.62%.

About Marathon Oil

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.