Marathon Oil Co. (NYSE:MRO) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,105 shares of the oil and gas producer’s stock after buying an additional 555 shares during the period. Sage Mountain Advisors LLC’s holdings in Marathon Oil were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Oak Thistle LLC purchased a new position in Marathon Oil during the fourth quarter worth approximately $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 boosted its position in Marathon Oil by 3.3% during the third quarter. LSV Asset Management now owns 4,692,600 shares of the oil and gas producer’s stock worth $125,527,000 after purchasing an additional 150,440 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Marathon Oil during the fourth quarter worth approximately $3,209,000. Finally, Ardevora Asset Management LLP boosted its position in Marathon Oil by 20.4% during the fourth quarter. Ardevora Asset Management LLP now owns 449,551 shares of the oil and gas producer’s stock worth $10,861,000 after purchasing an additional 76,210 shares in the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Marathon Oil Trading Up 0.6 %

NYSE:MRO opened at $27.82 on Wednesday. The firm has a market cap of $15.90 billion, a PE ratio of 10.87 and a beta of 2.22. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $26.44 and a 200 day moving average price of $25.40. Marathon Oil Co. has a 12-month low of $21.63 and a 12-month high of $30.06.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $1.69 billion during 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%. Marathon Oil’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. Sell-side analysts anticipate that Marathon Oil Co. will post 2.76 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is 17.19%.

Insiders Place Their Bets

In other news, CFO Dane E. Whitehead sold 73,233 shares of Marathon Oil stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.06, for a total transaction of $1,981,684.98. Following the sale, the chief financial officer now owns 152,008 shares in the company, valued at $4,113,336.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Patrick Wagner sold 36,094 shares of the 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 sale, the insider now directly owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dane E. Whitehead sold 73,233 shares of the 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 completion of the sale, the chief financial officer now directly owns 152,008 shares of the company’s stock, valued at $4,113,336.48. The disclosure for this sale can be found here. Insiders sold 281,332 shares of company stock valued at $7,644,903 in the last ninety days. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MRO. Truist Financial increased their price target on Marathon Oil from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, April 5th. Susquehanna reissued a “positive” rating and set a $33.00 target price on shares of Marathon Oil in a research note on Monday. Mizuho raised their target price on Marathon Oil from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Marathon Oil in a research note on Tuesday. Finally, Barclays started coverage on Marathon Oil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. 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 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.