Marathon Oil Co. (NYSE:MRO) Shares Acquired by Waldron Private Wealth LLC

Waldron Private Wealth LLC lifted its holdings in Marathon Oil Co. (NYSE:MRO) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,616 shares of the oil and gas producer’s stock after buying an additional 1,281 shares during the period. Waldron Private Wealth LLC’s holdings in Marathon Oil were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Marathon Oil by 4.8% during the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after purchasing an additional 415 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Marathon Oil during the first quarter worth $1,662,000. Riverview Trust Co acquired a new stake in shares of Marathon Oil in the 1st quarter worth $27,000. Signet Financial Management LLC boosted its position in shares of Marathon Oil by 51.6% during the 1st quarter. Signet Financial Management LLC now owns 77,646 shares of the oil and gas producer’s stock valued at $2,200,000 after acquiring an additional 26,442 shares during the last quarter. Finally, Mayfair Advisory Group LLC purchased a new stake in shares of Marathon Oil in the first quarter valued at about $206,000. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on MRO shares. Scotiabank lifted their target price on shares of Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Piper Sandler increased their price objective on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Barclays reduced their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, UBS Group lowered their price target on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Marathon Oil has a consensus rating of “Moderate Buy” and an average target price of $31.12.

Insider Transactions at Marathon Oil

In related news, insider Dane E. Whitehead sold 52,008 shares of the firm’s 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 sale, the insider now owns 100,000 shares of the company’s stock, valued at $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dane E. Whitehead sold 52,008 shares of the 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 completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marathon Oil Price Performance

Shares of MRO opened at $26.45 on Thursday. The company has a market cap of $14.92 billion, a P/E ratio of 10.93 and a beta of 2.16. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two week 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 firm’s 50 day moving average price is $27.49 and its 200 day moving average price is $27.63.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts forecast that Marathon Oil Co. will post 2.52 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s payout ratio is presently 18.18%.

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.