Geneos Wealth Management Inc. Has $127,000 Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Geneos Wealth Management Inc. cut its stake in Marathon Oil Co. (NYSE:MRO) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,236 shares of the oil and gas producer’s stock after selling 998 shares during the period. Geneos Wealth Management Inc.’s holdings in Marathon Oil were worth $127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRO. ICA Group Wealth Management LLC raised its holdings 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 acquiring an additional 522 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Marathon Oil by 367.9% during the 3rd quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 802 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Marathon Oil during the 3rd quarter worth $27,000. Indiana Trust & Investment Management CO acquired a new position in shares of Marathon Oil during the 3rd quarter worth $29,000. Finally, KB Financial Partners LLC acquired a new position in shares of Marathon Oil during the 1st quarter worth $31,000. 77.24% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Trading Down 1.1 %

Shares of MRO stock opened at $28.77 on Tuesday. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 11.24 and a beta of 2.22. The stock has a 50-day moving average of $25.82 and a 200-day moving average of $25.30. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30. Marathon Oil Co. has a 1-year low of $21.63 and a 1-year high of $30.06.

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 for the quarter, beating the consensus estimate of $0.62 by $0.07. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil Co. will post 2.62 earnings per share for the current year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.44 annualized dividend and a yield of 1.53%. Marathon Oil’s dividend payout ratio is currently 17.19%.

Insider Buying and Selling

In related news, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction that occurred on 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 owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction that occurred on 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 owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee M. Tillman sold 80,647 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $2,172,630.18. Following the completion of the sale, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. Insiders sold 281,332 shares of company stock valued at $7,644,903 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

MRO has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $33.00 price target on shares of Marathon Oil in a report on Tuesday, March 5th. Piper Sandler lowered their price target on Marathon Oil from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Stifel Nicolaus lowered their price target on Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Mizuho increased their target price on Marathon Oil from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Finally, Raymond James dropped their target price on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Oil currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

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.