11,106 Shares in Marathon Oil Co. (NYSE:MRO) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in Marathon Oil Co. (NYSE:MRO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,106 shares of the oil and gas producer’s stock, valued at approximately $296,000.

Several other large investors also recently added to or reduced their stakes in MRO. HWG Holdings LP purchased a new stake in Marathon Oil in the 2nd quarter valued at about $26,000. Riverview Trust Co purchased a new stake in Marathon Oil in the 1st quarter valued at about $27,000. Founders Capital Management boosted its position in Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 500 shares during the period. Highbridge Capital Management LLC purchased a new stake in Marathon Oil in the 2nd quarter valued at about $29,000. Finally, Grove Bank & Trust boosted its position in Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares during the period. 77.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. StockNews.com assumed coverage on shares of Marathon Oil in a research report on Tuesday. They issued a “buy” rating for the company. Scotiabank upped their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price target on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Finally, Piper Sandler upped their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil has a consensus rating of “Moderate Buy” and a consensus price target of $31.12.

Marathon Oil Trading Down 0.2 %

Shares of Marathon Oil stock opened at $26.40 on Friday. The firm’s 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $27.62. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 10.27 and a beta of 2.16. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.06). The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. Analysts predict that Marathon Oil Co. will post 2.43 EPS for the current year.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s payout ratio is 17.12%.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the transaction, the vice president now directly owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael A. Henderson sold 38,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

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.