Marathon Oil Co. (NYSE:MRO) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of Marathon Oil Co. (NYSE:MRO) by 560.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 75,864 shares of the oil and gas producer’s stock after acquiring an additional 64,369 shares during the period. Kingsview Wealth Management LLC’s holdings in Marathon Oil were worth $2,020,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Gradient Investments LLC boosted its position in shares of Marathon Oil by 1.9% in the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after purchasing an additional 428 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Marathon Oil by 1.9% in the third quarter. Miracle Mile Advisors LLC now owns 24,084 shares of the oil and gas producer’s stock worth $641,000 after buying an additional 454 shares during the period. Grove Bank & Trust increased its position in shares of Marathon Oil by 77.4% in the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 465 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of Marathon Oil by 3.1% during the third quarter. Catalina Capital Group LLC now owns 16,533 shares of the oil and gas producer’s stock valued at $440,000 after acquiring an additional 495 shares during the period. Finally, Founders Capital Management lifted its position in shares of Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. 77.24% of the stock is owned by institutional investors.

Marathon Oil Price Performance

Shares of MRO opened at $28.55 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.69. The company has a 50-day simple moving average of $27.66 and a 200-day simple moving average of $27.65. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week high of $30.06. The firm has a market capitalization of $15.97 billion, a P/E ratio of 12.25 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, equities research analysts expect that Marathon Oil Co. will post 2.34 earnings per share for the current year.

Marathon Oil Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on MRO shares. Mizuho cut their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Scotiabank increased their price objective on Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 10th. Susquehanna lowered their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Citigroup lowered their price objective on shares of Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Nine research 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.94.

Insider Transactions at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $28.84, for a total transaction of $1,040,950.96. Following the sale, the insider now directly owns 104,735 shares of the company’s stock, valued at approximately $3,020,557.40. This represents a 25.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 382,693 shares of company stock valued at $10,964,251. Company 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.