11,842 Shares in Marathon Oil Co. (NYSE:MRO) Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC purchased a new position in shares of Marathon Oil Co. (NYSE:MRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,842 shares of the oil and gas producer’s stock, valued at approximately $286,000.

A number of other large investors have also bought and sold shares of the business. ICA Group Wealth Management LLC boosted its position in Marathon Oil by 92.6% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 522 shares during the last quarter. Smithfield Trust Co boosted its position in Marathon Oil by 367.9% in the 3rd quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 802 shares during the last quarter. NBC Securities Inc. bought a new position in Marathon Oil in the 3rd quarter valued at $27,000. Indiana Trust & Investment Management CO acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $29,000. Finally, KB Financial Partners LLC acquired a new position in shares of Marathon Oil in the 1st quarter valued at $31,000. 77.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Patrick Wagner sold 36,094 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total value of $997,999.10. Following the completion of the sale, the insider now directly owns 140,829 shares in the company, valued at $3,893,921.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the completion of the sale, the insider now directly owns 140,829 shares in the company, valued at approximately $3,893,921.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the transaction, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. Insiders sold 281,332 shares of company stock worth $7,644,903 over the last three months. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Benchmark increased their price target on Marathon Oil from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $33.00 price objective on shares of Marathon Oil in a research note on Tuesday, March 5th. Raymond James dropped their price objective on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Truist Financial boosted their price target on Marathon Oil from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, UBS Group lowered their target price on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.61.

Marathon Oil Trading Down 1.3 %

Shares of NYSE:MRO opened at $29.09 on Friday. Marathon Oil Co. has a 12-month low of $21.63 and a 12-month high of $30.06. The stock has a market cap of $16.62 billion, a PE ratio of 11.36 and a beta of 2.22. The business has a 50 day moving average of $25.69 and a 200-day moving average of $25.30. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, equities research analysts forecast that Marathon Oil Co. will post 2.62 earnings per share for the current year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, February 20th. Marathon Oil’s payout ratio is presently 17.19%.

About Marathon Oil

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.