Marathon Oil Co. (NYSE:MRO) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its position in Marathon Oil Co. (NYSE:MRO) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,770 shares of the oil and gas producer’s stock after purchasing an additional 494 shares during the period. Lindbrook Capital LLC’s holdings in Marathon Oil were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in shares of Marathon Oil in the fourth quarter worth about $1,440,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Marathon Oil by 57.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 607,336 shares of the oil and gas producer’s stock worth $16,246,000 after purchasing an additional 221,388 shares in the last quarter. LSV Asset Management grew its holdings in Marathon Oil by 3.3% in the third quarter. LSV Asset Management now owns 4,692,600 shares of the oil and gas producer’s stock valued at $125,527,000 after purchasing an additional 150,440 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Marathon Oil in the fourth quarter valued at approximately $3,209,000. Finally, Pathstone Family Office LLC raised its stake in shares of Marathon Oil by 222.3% during the 3rd quarter. Pathstone Family Office LLC now owns 67,851 shares of the oil and gas producer’s stock worth $1,815,000 after buying an additional 46,796 shares during the period. 77.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marathon Oil news, CEO Lee M. Tillman sold 80,647 shares of Marathon Oil stock in a transaction 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 sale, the chief executive officer now owns 596,330 shares in the company, valued at $16,065,130.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Dane E. Whitehead sold 73,233 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $27.06, for a total value of $1,981,684.98. Following the transaction, the chief financial officer now directly owns 152,008 shares in the company, valued at approximately $4,113,336.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lee M. Tillman sold 80,647 shares of Marathon Oil stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the completion of the sale, the chief executive officer now owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 281,332 shares of company stock worth $7,644,903. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MRO. Raymond James dropped their price target on shares of Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Mizuho lifted their target price on shares of Marathon Oil from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Truist Financial upped their price target on shares of Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Morgan Stanley lifted their price objective on Marathon Oil from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, UBS Group reduced their target price on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.66.

Marathon Oil Stock Up 0.5 %

NYSE MRO opened at $27.64 on Tuesday. The business’s fifty day simple moving average is $26.33 and its 200-day simple moving average is $25.38. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30. The firm has a market cap of $15.80 billion, a PE ratio of 10.80 and a beta of 2.22. Marathon Oil Co. has a 52 week low of $21.63 and a 52 week high of $30.06.

Marathon Oil (NYSE:MRO) last issued its earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Marathon Oil’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Marathon Oil Co. will post 2.74 earnings per share for the current year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio is presently 17.19%.

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.