Marathon Oil Co. (NYSE:MRO) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,128 shares of the oil and gas producer’s stock after buying an additional 2,614 shares during the period. Sequoia Financial Advisors LLC’s holdings in Marathon Oil were worth $1,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its holdings in shares of Marathon Oil by 4.8% in the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 415 shares during the period. Gradient Investments LLC raised its holdings in shares of Marathon Oil by 1.9% in the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after buying an additional 428 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of Marathon Oil by 1.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 24,084 shares of the oil and gas producer’s stock valued at $641,000 after buying an additional 454 shares during the period. Grove Bank & Trust raised its holdings in shares of 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. Finally, Founders Capital Management grew its stake in Marathon Oil by 100.0% during the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Buying and Selling

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

Marathon Oil Stock Down 0.2 %

MRO opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The business has a 50 day simple moving average of $27.45 and a 200-day simple moving average of $27.62. The stock has a market capitalization of $14.77 billion, a P/E ratio of 10.27 and a beta of 2.16. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. On average, equities analysts anticipate that Marathon Oil Co. will post 2.43 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays lowered their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Truist Financial lowered their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Susquehanna lowered their price objective on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Mizuho lowered their price objective on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company lowered their price objective on 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. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.12.

Marathon Oil 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.