Frank Rimerman Advisors LLC Purchases New Stake in Marathon Oil Co. (NYSE:MRO)

Frank Rimerman Advisors LLC purchased a new stake in Marathon Oil Co. (NYSE:MRO) in the 2nd quarter, HoldingsChannel reports. The fund purchased 41,238 shares of the oil and gas producer’s stock, valued at approximately $1,182,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 valued at $2,146,794,000 after acquiring an additional 6,835,604 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Marathon Oil by 24.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock valued at $468,428,000 after acquiring an additional 3,795,020 shares in the last quarter. Pacer Advisors Inc. lifted 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 acquiring an additional 1,552,210 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $242,582,000 after acquiring an additional 328,184 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Marathon Oil by 10.1% during 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 acquiring an additional 593,100 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the transaction, 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 can be accessed through this link. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil 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 transaction, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marathon Oil Trading Up 0.1 %

Shares of Marathon Oil stock opened at $27.93 on Monday. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The stock’s 50-day simple moving average is $27.67 and its 200 day simple moving average is $27.60. The stock has a market capitalization of $15.75 billion, a P/E ratio of 11.54 and a beta of 2.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts anticipate that Marathon Oil Co. will post 2.7 EPS for the current year.

Marathon Oil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MRO shares. Mizuho dropped their price objective on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. UBS Group dropped their price objective on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Capital One Financial cut Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Scotiabank lowered their target price on Marathon Oil from $29.00 to $27.61 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, Susquehanna lowered their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.65.

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.