Marathon Oil Co. (NYSE:MRO) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in shares of Marathon Oil Co. (NYSE:MRO) by 106.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,145 shares of the oil and gas producer’s stock after acquiring an additional 3,167 shares during the quarter. Venturi Wealth Management LLC’s holdings in Marathon Oil were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Marathon Oil by 9.9% in the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock valued at $2,146,794,000 after purchasing an additional 6,835,604 shares during the period. Pacer Advisors Inc. grew its stake in Marathon Oil by 13.1% during the 2nd quarter. Pacer Advisors Inc. now owns 13,369,821 shares of the oil and gas producer’s stock valued at $383,313,000 after purchasing an additional 1,552,210 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Marathon Oil by 4.0% during the 2nd 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 last quarter. LSV Asset Management raised its position in shares of Marathon Oil by 10.1% in the 2nd 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. boosted its stake in shares of Marathon Oil by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,786,956 shares of the oil and gas producer’s stock valued at $79,902,000 after buying an additional 27,495 shares during the last quarter. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MRO shares. Mizuho reduced their target price on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. UBS Group cut their price target on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Piper Sandler increased their price objective on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. reduced their price target on 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 reduced their price objective on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Oil currently has an average rating of “Moderate Buy” and an average price target of $31.12.

Insider Activity

In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction 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 directly owns 100,000 shares in the company, valued at $2,750,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 sale, the vice president now directly owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. The trade was 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 corporate insiders.

Marathon Oil Trading Up 1.1 %

Shares of MRO opened at $28.62 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The stock has a market capitalization of $16.01 billion, a P/E ratio of 12.28 and a beta of 2.16. The business’s 50-day moving average price is $27.26 and its 200 day moving average price is $27.53.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Marathon Oil Co. will post 2.36 earnings per share for the current year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.88%.

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.