Schroder Investment Management Group Cuts Position in Marathon Oil Co. (NYSE:MRO)

Schroder Investment Management Group lessened its stake in Marathon Oil Co. (NYSE:MROFree Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 826,877 shares of the oil and gas producer’s stock after selling 34,987 shares during the quarter. Schroder Investment Management Group owned 0.14% of Marathon Oil worth $19,977,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MRO. Manchester Capital Management LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $31,000. Anchor Investment Management LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $37,000. Central Bank & Trust Co. purchased a new position in Marathon Oil during the 4th quarter valued at about $41,000. MeadowBrook Investment Advisors LLC purchased a new position in Marathon Oil during the 4th quarter valued at about $48,000. Finally, Principal Securities Inc. purchased a new position in Marathon Oil during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Marathon Oil Stock Performance

Marathon Oil stock opened at $28.28 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.55 and a quick ratio of 0.48. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The firm has a market capitalization of $15.95 billion, a P/E ratio of 11.69 and a beta of 2.18. The stock has a fifty day moving average price of $27.57 and a two-hundred day moving average price of $25.48.

Marathon Oil (NYSE:MROGet Free Report) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. As a group, analysts anticipate that Marathon Oil Co. will post 2.83 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s dividend payout ratio is currently 18.18%.

Insider Transactions at Marathon Oil

In related news, insider Patrick Wagner sold 39,969 shares of Marathon Oil stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the sale, the insider now owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Marathon Oil news, CFO Dane E. Whitehead sold 73,233 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $27.06, for a total transaction of $1,981,684.98. Following the transaction, the chief financial officer now owns 152,008 shares of the company’s stock, valued at approximately $4,113,336.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Wagner sold 39,969 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the transaction, the insider now directly owns 176,923 shares in the company, valued at approximately $4,757,459.47. The disclosure for this sale can be found here. Insiders have sold a total of 281,332 shares of company stock valued at $7,644,903 over the last 90 days. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $29.00 target price (down from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. StockNews.com began coverage on shares of Marathon Oil in a report on Saturday. They set a “buy” rating for the company. The Goldman Sachs Group lifted their price target on shares of Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Piper Sandler lifted their price target on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Benchmark reiterated a “buy” rating and set a $32.00 price target on shares of Marathon Oil in a report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.86.

Get Our Latest Stock Analysis on Marathon Oil

About Marathon Oil

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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