Marathon Oil Co. (NYSE:MRO) VP Sells $1,417,822.51 in Stock

Marathon Oil Co. (NYSE:MRO) VP Michael A. Henderson sold 51,389 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $27.59, for a total value of $1,417,822.51. Following the transaction, the vice president now owns 114,828 shares of the company’s stock, valued at $3,168,104.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Marathon Oil Trading Up 1.0 %

MRO opened at $27.72 on Thursday. The business has a 50 day simple moving average of $24.15 and a two-hundred day simple moving average of $25.09. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 10.83 and a beta of 2.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.40 and a quick ratio of 0.35. Marathon Oil Co. has a one year low of $21.63 and a one year high of $29.56.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. Marathon Oil’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. Analysts predict that Marathon Oil Co. will post 2.46 EPS for the current year.

Marathon Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Tuesday, February 20th. Marathon Oil’s payout ratio is 17.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marathon Oil by 57.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 607,336 shares of the oil and gas producer’s stock valued at $16,246,000 after purchasing an additional 221,388 shares during the last quarter. LSV Asset Management raised its position in shares of Marathon Oil by 3.3% in the 3rd quarter. LSV Asset Management now owns 4,692,600 shares of the oil and gas producer’s stock worth $125,527,000 after acquiring an additional 150,440 shares in the last quarter. Comerica Bank bought a new position in shares of Marathon Oil in the 3rd quarter worth approximately $5,235,000. Pathstone Family Office LLC raised its position in shares of Marathon Oil by 222.3% in the 3rd quarter. Pathstone Family Office LLC now owns 67,851 shares of the oil and gas producer’s stock worth $1,815,000 after acquiring an additional 46,796 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in shares of Marathon Oil by 9.3% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 849,254 shares of the oil and gas producer’s stock worth $22,718,000 after acquiring an additional 71,988 shares in the last quarter. Institutional investors own 77.24% of the company’s stock.

Analysts Set New Price Targets

MRO has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $33.00 price objective on shares of Marathon Oil in a report on Tuesday, March 5th. Truist Financial cut their price objective on Marathon Oil from $38.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Stifel Nicolaus cut their price objective on Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Piper Sandler cut their price objective on Marathon Oil from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Finally, UBS Group cut their price objective on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Five 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. Based on data from MarketBeat, Marathon Oil presently has an average rating of “Moderate Buy” and an average price target of $31.62.

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.