C M Bidwell & Associates Ltd. lessened its position in shares of Marathon Oil Co. (NYSE:MRO) by 26.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,545 shares of the oil and gas producer’s stock after selling 5,500 shares during the period. C M Bidwell & Associates Ltd.’s holdings in Marathon Oil were worth $213,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Reilly Financial Advisors LLC acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $27,000. Moors & Cabot Inc. boosted its holdings in shares of Marathon Oil by 238.6% in the 3rd quarter. Moors & Cabot Inc. now owns 55,000 shares of the oil and gas producer’s stock valued at $62,000 after buying an additional 38,758 shares in the last quarter. Capitolis Advisors LLC acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $84,000. Finally, Spire Wealth Management boosted its holdings in shares of Marathon Oil by 64.6% in the 3rd quarter. Spire Wealth Management now owns 7,140 shares of the oil and gas producer’s stock valued at $98,000 after buying an additional 2,803 shares in the last quarter. Institutional investors and hedge funds own 73.22% of the company’s stock.
In related news, insider Patrick Wagner sold 62,157 shares of the firm’s stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $16.83, for a total value of $1,046,102.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gary Eugene Wilson sold 99,174 shares of the firm’s stock in a transaction that occurred on Tuesday, December 7th. The shares were sold at an average price of $16.37, for a total transaction of $1,623,478.38. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.
Marathon Oil stock opened at $20.65 on Wednesday. Marathon Oil Co. has a 12-month low of $7.33 and a 12-month high of $20.68. The firm’s 50-day moving average is $17.15 and its two-hundred day moving average is $14.89. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 3rd. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.08. Marathon Oil had a negative net margin of 0.91% and a positive return on equity of 5.17%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company earned ($0.28) EPS. On average, research analysts anticipate that Marathon Oil Co. will post 1.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Wednesday, February 16th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 15th. This is a boost from Marathon Oil’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. Marathon Oil’s dividend payout ratio (DPR) is currently -399.93%.
A number of brokerages recently weighed in on MRO. Wells Fargo & Company increased their price target on shares of Marathon Oil from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 12th. Citigroup increased their price target on shares of Marathon Oil from $17.00 to $20.00 in a research note on Monday, January 3rd. Piper Sandler increased their price target on shares of Marathon Oil from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, October 21st. Scotiabank downgraded shares of Marathon Oil from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $5.37 to $19.00 in a research report on Wednesday, November 17th. They noted that the move was a valuation call. Finally, Raymond James upped their price objective on shares of Marathon Oil from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Oil has a consensus rating of “Buy” and an average price target of $19.13.
Marathon Oil Profile
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.
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