DekaBank Deutsche Girozentrale reduced its holdings in Marathon Oil Co. (NYSE:MRO - Free Report) by 42.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,880 shares of the oil and gas producer's stock after selling 53,710 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Marathon Oil were worth $1,751,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. ICA Group Wealth Management LLC lifted its holdings in shares of Marathon Oil by 92.6% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 522 shares during the period. Smithfield Trust Co raised its holdings in Marathon Oil by 367.9% during the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer's stock worth $27,000 after purchasing an additional 802 shares during the last quarter. NBC Securities Inc. acquired a new position in Marathon Oil during the third quarter worth $27,000. Indiana Trust & Investment Management CO acquired a new position in Marathon Oil during the third quarter worth $29,000. Finally, KB Financial Partners LLC acquired a new position in Marathon Oil during the first quarter worth $31,000. 77.24% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Marathon Oil
In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the completion of the sale, the insider now owns 176,923 shares of the company's stock, valued at $4,757,459.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the completion of the sale, the insider now owns 176,923 shares of the company's stock, valued at $4,757,459.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael A. Henderson sold 51,389 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $27.59, for a total value of $1,417,822.51. Following the transaction, the vice president now owns 114,828 shares in the company, valued at approximately $3,168,104.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 281,332 shares of company stock valued at $7,644,903. Company insiders own 0.42% of the company's stock.
Marathon Oil Trading Down 1.3 %
Shares of NYSE:MRO traded down $0.37 during midday trading on Friday, reaching $29.09. The company's stock had a trading volume of 7,986,415 shares, compared to its average volume of 9,871,011. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 11.36 and a beta of 2.22. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30. Marathon Oil Co. has a 1 year low of $21.63 and a 1 year high of $30.06. The business has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.29.
Marathon Oil (NYSE:MRO - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The business's revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts forecast that Marathon Oil Co. will post 2.62 EPS for the current year.
Marathon Oil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil's dividend payout ratio (DPR) is presently 17.19%.
Wall Street Analyst Weigh In
MRO has been the subject of several research reports. Piper Sandler reduced their price objective on Marathon Oil from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. Benchmark lifted their price objective on Marathon Oil from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Raymond James dropped their price target on Marathon Oil from $35.00 to $32.00 and set a "strong-buy" rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada reissued an "outperform" rating and set a $33.00 price target on shares of Marathon Oil in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus dropped their price target on Marathon Oil from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marathon Oil has an average rating of "Moderate Buy" and a consensus price target of $32.61.
View Our Latest Research Report on MRO
Marathon Oil Company Profile
(
Free Report)
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.
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