Transcendent Capital Group LLC Invests $109,000 in Marathon Oil Co. (NYSE:MRO)

Transcendent Capital Group LLC purchased a new position in shares of Marathon Oil Co. (NYSE:MRO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,500 shares of the oil and gas producer’s stock, valued at approximately $109,000.

Several other large investors have also modified their holdings of MRO. Manchester Capital Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth approximately $31,000. Scarborough Advisors LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth approximately $35,000. Anchor Investment Management LLC purchased a new stake in shares of Marathon Oil during the fourth quarter worth approximately $37,000. Central Bank & Trust Co. acquired a new position in Marathon Oil during the fourth quarter worth $41,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Marathon Oil during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MRO. Stifel Nicolaus dropped their price objective on Marathon Oil from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Piper Sandler upped their price objective on Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Susquehanna reaffirmed a “positive” rating and set a $33.00 price objective on shares of Marathon Oil in a report on Monday, April 22nd. Wells Fargo & Company reissued an “equal weight” rating and issued a $29.00 target price (down previously from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. Finally, Scotiabank upped their target price on Marathon Oil from $35.00 to $45.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.86.

Marathon Oil Trading Down 1.4 %

NYSE MRO traded down $0.38 during trading hours on Friday, hitting $27.30. 5,786,074 shares of the company’s stock were exchanged, compared to its average volume of 11,629,191. The business’s 50 day moving average is $27.45 and its 200-day moving average is $25.54. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The firm has a market capitalization of $15.40 billion, a P/E ratio of 11.28 and a beta of 2.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $0.67 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, analysts anticipate that Marathon Oil Co. will post 2.83 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s payout ratio is 18.18%.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the transaction, the insider now directly owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Patrick Wagner sold 39,969 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the sale, the insider now directly owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 51,389 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $27.59, for a total value of $1,417,822.51. Following the sale, the vice president now directly owns 114,828 shares in the company, valued at $3,168,104.52. The disclosure for this sale can be found here. Insiders have sold a total of 281,332 shares of company stock valued at $7,644,903 in the last three months. Corporate insiders own 0.35% of the company’s stock.

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.