Tarbox Family Office Inc. Lowers Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Tarbox Family Office Inc. lowered its stake in shares of Marathon Oil Co. (NYSE:MRO – Get Rating) by 23.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,941 shares of the oil and gas producer’s stock after selling 582 shares during the period. Tarbox Family Office Inc.’s holdings in Marathon Oil were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PFG Advisors boosted its holdings in Marathon Oil by 4.0% in the 1st quarter. PFG Advisors now owns 12,214 shares of the oil and gas producer’s stock valued at $307,000 after purchasing an additional 466 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Marathon Oil by 1.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 49,000 shares of the oil and gas producer’s stock valued at $805,000 after purchasing an additional 500 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Marathon Oil by 3.8% in the 4th quarter. Baird Financial Group Inc. now owns 13,800 shares of the oil and gas producer’s stock valued at $227,000 after purchasing an additional 509 shares in the last quarter. Profund Advisors LLC boosted its holdings in Marathon Oil by 1.5% in the 4th quarter. Profund Advisors LLC now owns 38,818 shares of the oil and gas producer’s stock valued at $637,000 after purchasing an additional 571 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Marathon Oil by 2.5% during the 4th quarter. Huntington National Bank now owns 25,438 shares of the oil and gas producer’s stock valued at $418,000 after acquiring an additional 624 shares during the period. 79.19% of the stock is currently owned by institutional investors.

Shares of MRO opened at $21.13 on Wednesday. The stock has a fifty day moving average of $26.86 and a two-hundred day moving average of $23.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.06 and a current ratio of 1.10. The company has a market capitalization of $14.95 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.30 and a beta of 2.61. Marathon Oil Co. has a fifty-two week low of $10.41 and a fifty-two week high of $33.24.

Marathon Oil (NYSE:MRO – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The oil and gas producer reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.83 billion. Marathon Oil had a return on equity of 16.78% and a net margin of 35.01%. Marathon Oil’s revenue was up 63.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Marathon Oil Co. will post 5.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Wednesday, May 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, May 17th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.51%. Marathon Oil’s payout ratio is 11.15%.

In other news, CFO Dane E. Whitehead sold 30,291 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $28.03, for a total transaction of $849,056.73. Following the completion of the sale, the chief financial officer now directly owns 290,934 shares of the company’s stock, valued at approximately $8,154,880.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dane E. Whitehead sold 79,711 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $28.18, for a total transaction of $2,246,255.98. Following the sale, the chief financial officer now directly owns 321,225 shares of the company’s stock, valued at $9,052,120.50. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

A number of research firms have recently issued reports on MRO. Truist Financial lifted their price target on shares of Marathon Oil from $34.00 to $41.00 in a research report on Thursday, April 21st. Barclays lifted their price target on shares of Marathon Oil from $30.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. StockNews.com began coverage on shares of Marathon Oil in a research report on Thursday, March 31st. They set a “buy” rating for the company. Morgan Stanley lifted their price target on shares of Marathon Oil from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, June 6th. Finally, Raymond James lifted their price target on shares of Marathon Oil from $31.00 to $40.00 and gave the company a “strong-buy” rating in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Oil presently has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Marathon Oil Profile (Get Rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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