Jump Financial LLC Has $4.88 Million Stock Position in Marathon Oil Co. (NYSE:MRO)

Jump Financial LLC decreased its stake in Marathon Oil Co. (NYSE:MRO - Free Report) by 18.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 202,084 shares of the oil and gas producer's stock after selling 45,480 shares during the quarter. Jump Financial LLC's holdings in Marathon Oil were worth $4,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MRO. Smithfield Trust Co lifted its stake in Marathon Oil by 367.9% in the 3rd quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer's stock worth $27,000 after acquiring an additional 802 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Marathon Oil during the 3rd quarter valued at about $27,000. Anchor Investment Management LLC bought a new position in shares of Marathon Oil in the 4th quarter valued at approximately $37,000. Central Bank & Trust Co. acquired a new stake in Marathon Oil in the 4th quarter worth approximately $41,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Marathon Oil during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 77.24% of the company's stock.

Marathon Oil Stock Performance

MRO stock traded down $0.60 during trading on Friday, reaching $26.59. 6,863,353 shares of the stock were exchanged, compared to its average volume of 8,976,842. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $25.35. The company has a market capitalization of $15.00 billion, a P/E ratio of 10.99 and a beta of 2.22. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06.

Marathon Oil (NYSE:MRO - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The company's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, sell-side analysts anticipate that Marathon Oil Co. will post 2.83 earnings per share for the current year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, May 14th. Marathon Oil's payout ratio is currently 18.18%.

Insider Transactions at Marathon Oil

In other news, insider Patrick Wagner sold 39,969 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the transaction, the insider now directly owns 176,923 shares of the company's stock, valued at approximately $4,757,459.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Lee M. Tillman sold 80,647 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total value of $2,172,630.18. Following the transaction, the chief executive officer now directly owns 596,330 shares of the company's stock, valued at approximately $16,065,130.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 176,923 shares of the company's stock, valued at approximately $4,757,459.47. The disclosure for this sale can be found here. Insiders have sold 281,332 shares of company stock valued at $7,644,903 in the last three months. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MRO has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Marathon Oil from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Friday, March 22nd. UBS Group lowered their price target on Marathon Oil from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. Benchmark reissued a "buy" rating and set a $32.00 price objective on shares of Marathon Oil in a research report on Friday, May 3rd. Stifel Nicolaus lowered their target price on Marathon Oil from $39.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Finally, Barclays assumed coverage on Marathon Oil in a report on Wednesday, April 10th. They set an "overweight" rating and a $35.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.