Marathon Oil Co. (NYSE:MRO) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its stake in shares of Marathon Oil Co. (NYSE:MRO) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,583 shares of the oil and gas producer’s stock after selling 19,521 shares during the quarter. IFM Investors Pty Ltd’s holdings in Marathon Oil were worth $2,865,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Marathon Oil by 19.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock worth $20,285,000 after purchasing an additional 117,061 shares during the period. Comerica Bank raised its position in Marathon Oil by 15.0% in the first quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock worth $4,882,000 after acquiring an additional 22,526 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Marathon Oil in the second quarter worth $6,673,000. Vanguard Group Inc. raised its position in Marathon Oil by 9.9% in the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares in the last quarter. Finally, Sei Investments Co. raised its position in Marathon Oil by 36.7% in the first quarter. Sei Investments Co. now owns 535,994 shares of the oil and gas producer’s stock worth $15,193,000 after acquiring an additional 143,912 shares in the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MRO shares. Piper Sandler increased their price objective on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. UBS Group cut their price objective on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Truist Financial cut their price objective on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Barclays dropped their price target on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Scotiabank raised their price target on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 10th. Nine research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.12.

Insiders Place Their Bets

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

Marathon Oil Trading Up 0.2 %

Marathon Oil stock opened at $26.46 on Monday. The stock has a market cap of $14.92 billion, a PE ratio of 10.93 and a beta of 2.16. The stock has a 50-day moving average price of $27.42 and a 200 day moving average price of $27.59. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week high of $30.06. 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 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.81% and a net margin of 22.12%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Equities research analysts predict that Marathon Oil Co. will post 2.43 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s payout ratio is 18.18%.

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.