Centiva Capital LP Has $13.33 Million Stake in Marathon Oil Co. (NYSE:MRO)

Centiva Capital LP reduced its holdings in Marathon Oil Co. (NYSE:MRO) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 500,494 shares of the oil and gas producer’s stock after selling 8,695 shares during the quarter. Marathon Oil comprises 0.3% of Centiva Capital LP’s portfolio, making the stock its 19th biggest holding. Centiva Capital LP’s holdings in Marathon Oil were worth $13,328,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Marathon Oil by 10.2% in the 3rd quarter. Pacer Advisors Inc. now owns 14,727,190 shares of the oil and gas producer’s stock valued at $392,185,000 after buying an additional 1,357,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Marathon Oil by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock valued at $242,582,000 after acquiring an additional 328,184 shares during the period. LSV Asset Management grew its stake in shares of Marathon Oil by 10.1% in the second quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock worth $184,741,000 after acquiring an additional 593,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Marathon Oil by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,267,506 shares of the oil and gas producer’s stock worth $140,274,000 after acquiring an additional 19,566 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Marathon Oil by 6.3% in the 3rd quarter. Fisher Asset Management LLC now owns 2,884,151 shares of the oil and gas producer’s stock valued at $76,805,000 after purchasing an additional 171,450 shares during the period. 77.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 30th. StockNews.com assumed coverage on Marathon Oil in a report on Sunday. They issued a “buy” rating for the company. Wells Fargo & Company decreased their price objective on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Susquehanna cut their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Finally, Piper Sandler decreased their price target on shares of Marathon Oil from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.94.

Marathon Oil Trading Down 1.3 %

Shares of MRO stock opened at $28.55 on Monday. The company has a market capitalization of $15.97 billion, a P/E ratio of 12.25 and a beta of 2.16. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $27.73 and a 200 day moving average price of $27.71.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. Marathon Oil’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Research analysts forecast that Marathon Oil Co. will post 2.34 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, November 15th. Marathon Oil’s payout ratio is presently 18.88%.

Insider Activity

In related news, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the sale, the vice president now owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 33.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lee M. Tillman sold 256,591 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $29.07, for a total value of $7,459,100.37. Following the transaction, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $17,335,313.10. This represents a 30.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 382,693 shares of company stock worth $10,964,251. 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.