Marathon Oil Co. (NYSE:MRO) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,494 shares of the oil and gas producer’s stock after selling 8,695 shares during the period. Marathon Oil makes up 0.3% of Centiva Capital LP’s portfolio, making the stock its 19th biggest position. Centiva Capital LP owned about 0.09% of Marathon Oil worth $13,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its holdings in shares of Marathon Oil by 10.2% in the third quarter. Pacer Advisors Inc. now owns 14,727,190 shares of the oil and gas producer’s stock valued at $392,185,000 after buying an additional 1,357,369 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Marathon Oil by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock valued at $242,582,000 after acquiring an additional 328,184 shares during the last quarter. LSV Asset Management boosted its position in shares of Marathon Oil by 10.1% during the 2nd quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock valued at $184,741,000 after purchasing an additional 593,100 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Marathon Oil by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,267,506 shares of the oil and gas producer’s stock worth $140,274,000 after purchasing an additional 19,566 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Marathon Oil by 6.3% in the 3rd quarter. Fisher Asset Management LLC now owns 2,884,151 shares of the oil and gas producer’s stock worth $76,805,000 after purchasing an additional 171,450 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors.

Insider Activity

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the stock in a transaction on 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 transaction, the insider now directly owns 104,735 shares of the company’s stock, valued at $3,020,557.40. This represents a 25.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lee M. Tillman sold 256,591 shares of the business’s 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 of the company’s stock, valued at $17,335,313.10. This represents a 30.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 382,693 shares of company stock worth $10,964,251. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MRO has been the topic of several research reports. Barclays dropped their price target on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Piper Sandler reduced their target price on Marathon Oil from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company dropped their price target on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Susquehanna reduced their price objective on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Nine 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.94.

Marathon Oil Price Performance

Shares of NYSE:MRO opened at $28.55 on Monday. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 12.25 and a beta of 2.16. Marathon Oil Co. has a 1 year low of $21.81 and a 1 year 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 has a fifty day simple moving average of $27.73 and a 200 day simple moving average of $27.71.

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 for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business earned $0.77 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Oil Co. will post 2.34 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. Marathon Oil’s dividend payout ratio (DPR) is 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.