Marathon Oil Co. (NYSE:MRO) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in Marathon Oil Co. (NYSE:MRO) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,538 shares of the oil and gas producer’s stock after selling 1,106 shares during the quarter. Farther Finance Advisors LLC’s holdings in Marathon Oil were worth $281,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Marathon Oil by 11.0% in the first quarter. Private Advisor Group LLC now owns 41,726 shares of the oil and gas producer’s stock worth $1,183,000 after purchasing an additional 4,138 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Marathon Oil by 24.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,308 shares of the oil and gas producer’s stock valued at $3,580,000 after buying an additional 24,547 shares during the period. GSA Capital Partners LLP grew its position in shares of Marathon Oil by 31.7% during the 1st quarter. GSA Capital Partners LLP now owns 19,552 shares of the oil and gas producer’s stock valued at $554,000 after buying an additional 4,708 shares during the last quarter. Empirical Finance LLC raised its stake in Marathon Oil by 2.9% during the first quarter. Empirical Finance LLC now owns 24,351 shares of the oil and gas producer’s stock worth $690,000 after acquiring an additional 689 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Marathon Oil by 51.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 19,872 shares of the oil and gas producer’s stock worth $563,000 after acquiring an additional 6,743 shares during the last quarter. 77.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial dropped their price target on 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 cut their target price 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. Mizuho lowered their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Citigroup dropped their price objective on shares of Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Piper Sandler boosted their target price on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Nine investment 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. According to MarketBeat, Marathon Oil currently has an average rating of “Moderate Buy” and an average target price of $31.12.

Insider Activity at Marathon Oil

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. In other 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Henderson sold 38,000 shares of the 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 transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. This represents 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 insiders.

Marathon Oil Stock Performance

Shares of MRO opened at $28.50 on Friday. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The company has a 50-day moving average of $27.25 and a two-hundred day moving average of $27.53. 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 $15.94 billion, a price-to-earnings ratio of 12.23 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Marathon Oil had a net margin of 19.73% and a return on equity of 12.87%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. On average, equities research analysts expect that Marathon Oil Co. will post 2.37 earnings per share for the current year.

Marathon Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 1.54%. The ex-dividend date is Friday, November 15th. Marathon Oil’s dividend payout ratio is currently 18.88%.

About Marathon Oil

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.