McAdam LLC Has $213,000 Holdings in Marathon Oil Co. (NYSE:MRO)

McAdam LLC boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,995 shares of the oil and gas producer’s stock after buying an additional 508 shares during the quarter. McAdam LLC’s holdings in Marathon Oil were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in Marathon Oil during the 2nd quarter valued at $26,000. Founders Capital Management raised its stake in shares of 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 in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Marathon Oil in the 2nd quarter valued at $29,000. Grove Bank & Trust raised its stake 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 in the last quarter. Finally, Hilltop National Bank raised its stake in shares of Marathon Oil by 89.5% in the 2nd quarter. Hilltop National Bank now owns 1,620 shares of the oil and gas producer’s stock valued at $46,000 after buying an additional 765 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred 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 owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares of the company’s stock, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at $2,090,489.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MRO. Scotiabank increased their price objective on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Piper Sandler increased their price objective on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Citigroup dropped their price objective on shares of Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. dropped their target price on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Wells Fargo & Company dropped their target price 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. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Marathon Oil Stock Up 0.2 %

Shares of NYSE MRO opened at $26.47 on Friday. The firm has a market capitalization of $14.80 billion, a PE ratio of 10.30 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 Co. has a 1 year low of $21.81 and a 1 year high of $30.06. The firm’s 50-day moving average is $27.42 and its 200-day moving average is $27.60.

Marathon Oil (NYSE:MRO) last issued its earnings results 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 business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. Equities analysts expect that Marathon Oil Co. will post 2.43 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s dividend payout ratio (DPR) is presently 17.12%.

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.