ABLE Financial Group LLC Increases Stock Holdings in Marathon Oil Co. (NYSE:MRO)

ABLE Financial Group LLC boosted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,186 shares of the oil and gas producer’s stock after buying an additional 1,127 shares during the period. ABLE Financial Group LLC’s holdings in Marathon Oil were worth $591,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC raised its stake in shares of Marathon Oil by 1.9% in the second quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after acquiring an additional 428 shares during the period. Miracle Mile Advisors LLC grew its holdings in 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 valued at $641,000 after purchasing an additional 454 shares during the last quarter. Grove Bank & Trust grew its holdings in 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 valued at $31,000 after purchasing an additional 465 shares during the last quarter. Catalina Capital Group LLC raised its position in Marathon Oil by 3.1% in the 3rd quarter. Catalina Capital Group LLC now owns 16,533 shares of the oil and gas producer’s stock worth $440,000 after purchasing an additional 495 shares during the period. Finally, Founders Capital Management lifted its stake in Marathon Oil by 100.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. 77.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on MRO shares. JPMorgan Chase & Co. cut their target price on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Mizuho cut their price objective on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company decreased their target price on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Piper Sandler upped their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Truist Financial reduced 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. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Transactions at Marathon Oil

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 $2,750,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Marathon Oil Stock Down 0.6 %

NYSE:MRO traded down $0.18 during trading hours on Friday, reaching $28.37. The company’s stock had a trading volume of 744,239 shares, compared to its average volume of 8,023,934. The company has a market capitalization of $15.87 billion, a P/E ratio of 12.15 and a beta of 2.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. The stock has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $27.52.

Marathon Oil (NYSE:MRO) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Marathon Oil had a net margin of 19.73% and a return on equity of 12.87%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Marathon Oil’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts predict that Marathon Oil Co. will post 2.37 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.88%.

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.