Sentry LLC Sells 520 Shares of Marathon Oil Co. (NYSE:MRO)

Sentry LLC trimmed its holdings in Marathon Oil Co. (NYSE:MRO) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,596 shares of the oil and gas producer’s stock after selling 520 shares during the quarter. Sentry LLC’s holdings in Marathon Oil were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MRO. Park Avenue Securities LLC grew its holdings in shares of Marathon Oil by 4.8% in the first quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after acquiring an additional 415 shares during the period. Gradient Investments LLC raised its position in shares of Marathon Oil by 1.9% during 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. Argent Capital Management LLC lifted its stake in shares of Marathon Oil by 0.5% during the 1st quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock valued at $2,482,000 after buying an additional 441 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Marathon Oil by 1.9% in the 3rd 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. Finally, Grove Bank & Trust increased its stake in Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Insider Activity

In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the company’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 transaction of $1,033,980.00. Following the transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares in the company, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. 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 sale, the vice president now owns 76,828 shares of the company’s stock, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marathon Oil Trading Down 3.9 %

MRO opened at $26.65 on Wednesday. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. The stock has a fifty day moving average price of $27.58 and a 200-day moving average price of $27.73. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 10.37 and a beta of 2.16. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Marathon Oil Co. will post 2.52 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. Marathon Oil’s payout ratio is 17.12%.

Wall Street Analyst Weigh In

MRO has been the topic of a number of research analyst reports. Citigroup lowered their price target on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Truist Financial decreased their price target on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Scotiabank increased their price target on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Piper Sandler increased their target price on Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Mizuho decreased 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 report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.12.

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.