Heritage Wealth Management Inc. Has $1.49 Million Stock Position in Marathon Oil Co. (NYSE:MRO)

Heritage Wealth Management Inc. cut its stake in shares of Marathon Oil Co. (NYSE:MRO) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,845 shares of the oil and gas producer’s stock after selling 495 shares during the period. Heritage Wealth Management Inc.’s holdings in Marathon Oil were worth $1,487,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Gradient Investments LLC grew 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 buying an additional 428 shares in the last quarter. Miracle Mile Advisors LLC increased its stake 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 purchasing an additional 454 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of 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 valued at $31,000 after purchasing an additional 465 shares during the period. Catalina Capital Group LLC grew its holdings in 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 worth $440,000 after purchasing an additional 495 shares during the period. Finally, Founders Capital Management raised 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 valued at $29,000 after buying an additional 500 shares during the period. 77.24% of the stock is currently owned by institutional investors.

Marathon Oil Price Performance

Shares of Marathon Oil stock traded down $0.17 on Friday, reaching $28.38. 276,296 shares of the stock were exchanged, compared to its average volume of 8,022,189. The firm’s 50 day moving average is $27.26 and its 200-day moving average is $27.52. The firm has a market cap of $15.88 billion, a PE ratio of 12.25 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 one year low of $21.81 and a one year high of $30.06.

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

Marathon Oil Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. Marathon Oil’s payout ratio is currently 18.88%.

Insider Activity at Marathon Oil

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % 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. In other Marathon Oil 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 transaction of $1,033,980.00. Following the transaction, the vice president now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil 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 completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on MRO shares. Barclays decreased their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Citigroup dropped 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. Wells Fargo & Company reduced their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Scotiabank increased their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 10th. Finally, Mizuho reduced their price objective on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.