Livforsakringsbolaget Skandia Omsesidigt Buys 3,600 Shares of Marathon Oil Co. (NYSE:MRO)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 400.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,500 shares of the oil and gas producer’s stock after purchasing an additional 3,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marathon Oil were worth $120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Marathon Oil by 19.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock valued at $20,285,000 after purchasing an additional 117,061 shares during the period. Comerica Bank lifted its position in Marathon Oil by 15.0% during the first quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after purchasing an additional 22,526 shares during the period. Signet Financial Management LLC lifted its position in Marathon Oil by 51.6% during the first quarter. Signet Financial Management LLC now owns 77,646 shares of the oil and gas producer’s stock valued at $2,200,000 after purchasing an additional 26,442 shares during the period. Point72 DIFC Ltd bought a new position in Marathon Oil during the second quarter valued at approximately $6,673,000. Finally, Vanguard Group Inc. lifted its position in Marathon Oil by 9.9% during 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. Institutional investors own 77.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. UBS Group dropped their price target on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Barclays dropped their price target on shares of Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Company dropped their price target on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Finally, Susquehanna dropped their price target 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. Nine investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Transactions at Marathon Oil

In other news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Michael A. Henderson sold 38,000 shares of the company’s stock in a transaction dated 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 directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marathon Oil Stock Performance

Marathon Oil stock opened at $26.65 on Wednesday. The company’s 50-day moving average price is $27.58 and its 200-day moving average price is $27.73. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.03 billion, a PE ratio of 11.01 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last posted its 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). 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 during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil Co. will post 2.53 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a $0.11 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

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.