Cwm LLC Sells 1,019 Shares of Marathon Oil Co. (NYSE:MRO)

Cwm LLC decreased its stake in Marathon Oil Co. (NYSE:MRO) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,803 shares of the oil and gas producer’s stock after selling 1,019 shares during the period. Cwm LLC’s holdings in Marathon Oil were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Marathon Oil by 3.4% in the 4th quarter. Signaturefd LLC now owns 20,273 shares of the oil and gas producer’s stock worth $490,000 after buying an additional 660 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Marathon Oil by 6.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,770 shares of the oil and gas producer’s stock worth $188,000 after buying an additional 494 shares during the last quarter. abrdn plc increased its holdings in shares of Marathon Oil by 55.5% in the 4th quarter. abrdn plc now owns 293,850 shares of the oil and gas producer’s stock worth $7,099,000 after buying an additional 104,895 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Marathon Oil in the 4th quarter worth $577,000. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Marathon Oil by 38.4% in the 4th quarter. Resonant Capital Advisors LLC now owns 11,520 shares of the oil and gas producer’s stock worth $278,000 after buying an additional 3,198 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Stock Up 0.1 %

Shares of NYSE MRO opened at $27.77 on Monday. 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 12 month low of $21.63 and a 12 month high of $30.06. The firm has a market capitalization of $15.87 billion, a PE ratio of 10.85 and a beta of 2.22. The firm has a fifty day simple moving average of $26.72 and a two-hundred day simple moving average of $25.43.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business earned $0.88 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts expect that Marathon Oil Co. will post 2.84 earnings per share for the current year.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.58%. Marathon Oil’s dividend payout ratio (DPR) is presently 17.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRO. UBS Group decreased their price target on shares of Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Scotiabank upped their price objective on shares of Marathon Oil from $35.00 to $45.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their price objective on shares of Marathon Oil from $26.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Morgan Stanley upped their price objective on shares of Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Truist Financial upped their price objective on shares of Marathon Oil from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.66.

Insiders Place Their Bets

In related news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $16,065,130.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $16,065,130.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the completion of the transaction, the insider now owns 176,923 shares of the company’s stock, valued at $4,757,459.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,332 shares of company stock worth $7,644,903. 0.35% of the stock is currently owned by corporate insiders.

Marathon Oil Company Profile

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.