Orion Portfolio Solutions LLC Decreases Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Orion Portfolio Solutions LLC trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,385 shares of the oil and gas producer’s stock after selling 1,205 shares during the period. Orion Portfolio Solutions LLC’s holdings in Marathon Oil were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC raised its holdings in shares of Marathon Oil by 1.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 24,084 shares of the oil and gas producer’s stock worth $641,000 after acquiring an additional 454 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Marathon Oil by 77.4% during the 2nd 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. Larson Financial Group LLC raised its holdings in shares of Marathon Oil by 6.5% during the 3rd quarter. Larson Financial Group LLC now owns 7,897 shares of the oil and gas producer’s stock worth $210,000 after acquiring an additional 483 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of Marathon Oil by 3.1% during the 3rd quarter. Catalina Capital Group LLC now owns 16,533 shares of the oil and gas producer’s stock worth $440,000 after acquiring an additional 495 shares in the last quarter. Finally, SS&H Financial Advisors Inc. raised its holdings in shares of Marathon Oil by 1.6% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 31,158 shares of the oil and gas producer’s stock worth $830,000 after acquiring an additional 500 shares in the last quarter. 77.24% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Price Performance

MRO opened at $28.55 on Friday. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $27.95 and its 200-day simple moving average is $27.87. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 12.25 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $1.79 billion for 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 business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. On average, equities research analysts anticipate that Marathon Oil Co. will post 2.34 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is currently 18.88%.

Insider Buying and Selling

In other Marathon Oil news, CEO Lee M. Tillman sold 256,591 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $17,335,313.10. This trade represents a 30.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patrick Wagner sold 36,094 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $28.84, for a total value of $1,040,950.96. Following the completion of the sale, the insider now owns 104,735 shares of the company’s stock, valued at approximately $3,020,557.40. This trade represents a 25.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 344,693 shares of company stock worth $9,930,271 in the last three months. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank boosted their target price on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Barclays cut their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. UBS Group cut their target price on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Truist Financial cut their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Oil presently has an average rating of “Moderate Buy” and an average target price of $30.94.

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.