Elo Mutual Pension Insurance Co Sells 3,330 Shares of Marathon Oil Co. (NYSE:MRO)

Elo Mutual Pension Insurance Co cut its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,133 shares of the oil and gas producer’s stock after selling 3,330 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Marathon Oil were worth $1,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Marathon Oil by 9.9% during the 1st 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 during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Marathon Oil by 24.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock worth $468,428,000 after purchasing an additional 3,795,020 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Marathon Oil by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock worth $242,582,000 after purchasing an additional 328,184 shares during the period. LSV Asset Management raised its stake in Marathon Oil by 10.1% in the second quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock valued at $184,741,000 after purchasing an additional 593,100 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Marathon Oil by 1.0% during the second quarter. Victory Capital Management Inc. now owns 2,786,956 shares of the oil and gas producer’s stock worth $79,902,000 after purchasing an additional 27,495 shares during the period. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the 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 completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Michael A. Henderson sold 38,000 shares of the business’s 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 transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dane E. Whitehead sold 52,008 shares of the 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 owns 100,000 shares of the company’s stock, valued at $2,750,000. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marathon Oil Stock Up 0.1 %

Shares of NYSE MRO opened at $27.93 on Friday. Marathon Oil Co. has a 1 year low of $21.81 and a 1 year high of $30.06. 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 firm has a market cap of $15.75 billion, a PE ratio of 11.54 and a beta of 2.16. The company has a 50 day simple moving average of $27.67 and a 200 day simple moving average of $27.56.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results 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). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $0.48 EPS. Marathon Oil’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts forecast that Marathon Oil Co. will post 2.7 EPS for the current year.

Marathon Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analyst Weigh In

MRO has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Marathon Oil in a research report on Friday. They issued a “buy” rating for the company. UBS Group lowered their price objective on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday. Susquehanna reduced their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Piper Sandler boosted their price target on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Capital One Financial downgraded Marathon Oil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Oil presently has an average rating of “Moderate Buy” and an average target price of $31.65.

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.