Marathon Oil Co. (NYSE:MRO) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Marathon Oil Co. (NYSE:MRO) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,311 shares of the oil and gas producer’s stock after buying an additional 6,152 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marathon Oil were worth $5,361,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MRO. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Marathon Oil by 19.6% in 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 in the last quarter. Comerica Bank increased its stake in Marathon Oil by 15.0% during the 1st quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after buying an additional 22,526 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Marathon Oil during the 2nd quarter worth about $6,673,000. Vanguard Group Inc. lifted its stake in shares of Marathon Oil by 9.9% in 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. Finally, Sei Investments Co. boosted its holdings in shares of 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 valued at $15,193,000 after acquiring an additional 143,912 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRO has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. lowered their target price on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Piper Sandler upped their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Susquehanna lowered their price objective on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Finally, Mizuho cut their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.12.

Insider Activity at Marathon Oil

In other Marathon Oil 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 value of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the business’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 completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Marathon Oil Trading Up 6.2 %

NYSE:MRO opened at $27.70 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 stock has a market cap of $15.49 billion, a PE ratio of 10.78 and a beta of 2.16. The stock’s 50-day moving average is $27.30 and its two-hundred day moving average is $27.52. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two week 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates 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 was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. As a group, equities research analysts forecast that Marathon Oil Co. will post 2.43 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. Marathon Oil’s dividend payout ratio is 17.12%.

Marathon Oil Company 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.