Yousif Capital Management LLC Reduces Position in Marathon Oil Co. (NYSE:MRO)

Yousif Capital Management LLC cut its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 40.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 83,681 shares of the oil and gas producer’s stock after selling 57,711 shares during the quarter. Yousif Capital Management LLC’s holdings in Marathon Oil were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Smithfield Trust Co boosted its position in shares of 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 valued at $27,000 after buying an additional 802 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Marathon Oil during the third quarter valued at $27,000. Anchor Investment Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter valued at $37,000. Central Bank & Trust Co. purchased a new stake in shares of Marathon Oil during the fourth quarter valued at $41,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Marathon Oil during the fourth quarter valued at $58,000. 77.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial raised their target price on Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Mizuho raised their target price on Marathon Oil from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Raymond James dropped their target price on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Piper Sandler raised their target price on Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $33.00 target price on shares of Marathon Oil in a research report on Tuesday, March 5th. Four 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

Marathon Oil Stock Down 2.8 %

Shares of MRO opened at $26.10 on Thursday. The business’s 50 day moving average is $26.94 and its 200 day moving average is $25.44. The company has a market capitalization of $14.92 billion, a PE ratio of 10.20 and a beta of 2.22. Marathon Oil Co. has a 12-month low of $21.63 and a 12-month high of $30.06. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30.

Marathon Oil (NYSE:MRO) last issued its earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. Research analysts expect that Marathon Oil Co. will post 2.83 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is presently 17.19%.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the completion of the transaction, the insider now owns 140,829 shares in the company, valued at approximately $3,893,921.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marathon Oil news, CEO Lee M. Tillman sold 80,647 shares of the firm’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 transaction of $2,172,630.18. Following the completion of the transaction, the chief executive officer now owns 596,330 shares in the company, valued at approximately $16,065,130.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick Wagner sold 36,094 shares of Marathon Oil stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total value of $997,999.10. Following the completion of the transaction, the insider now owns 140,829 shares of the company’s stock, valued at approximately $3,893,921.85. The disclosure for this sale can be found here. Insiders sold 281,332 shares of company stock worth $7,644,903 in the last quarter. 0.35% of the stock is owned by corporate insiders.

Marathon Oil Company Profile

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.