Quadrature Capital Ltd Purchases New Stake in Marathon Oil Co. (NYSE:MRO)

Quadrature Capital Ltd purchased a new stake in Marathon Oil Co. (NYSE:MROFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 283,177 shares of the oil and gas producer’s stock, valued at approximately $6,837,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRO. Invesco Ltd. increased its stake in Marathon Oil by 51.4% during the third quarter. Invesco Ltd. now owns 27,988,152 shares of the oil and gas producer’s stock worth $748,683,000 after acquiring an additional 9,504,754 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marathon Oil by 24.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer’s stock worth $468,428,000 after buying an additional 3,795,020 shares during the period. Morgan Stanley boosted its position in shares of Marathon Oil by 22.6% during the third quarter. Morgan Stanley now owns 11,797,521 shares of the oil and gas producer’s stock worth $315,584,000 after buying an additional 2,176,062 shares during the period. Victory Capital Management Inc. boosted its position in shares of Marathon Oil by 127.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,527,604 shares of the oil and gas producer’s stock worth $61,067,000 after buying an additional 1,415,639 shares during the period. Finally, Korea Investment CORP boosted its holdings in Marathon Oil by 787.1% in the third quarter. Korea Investment CORP now owns 1,475,267 shares of the oil and gas producer’s stock valued at $39,463,000 after purchasing an additional 1,308,965 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Marathon Oil Price Performance

Shares of MRO opened at $27.31 on Tuesday. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The stock’s 50 day moving average is $27.41 and its two-hundred day moving average is $25.56. The firm has a market capitalization of $15.40 billion, a PE ratio of 11.29 and a beta of 2.18. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MROGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Research analysts anticipate that Marathon Oil Co. will post 2.83 earnings per share for the current year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s dividend payout ratio is presently 18.18%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MRO shares. Stifel Nicolaus decreased their target price on Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Piper Sandler lifted their target price on Marathon Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna reiterated a “positive” rating and set a $33.00 target price on shares of Marathon Oil in a research report on Monday, April 22nd. Scotiabank lifted their target price on Marathon Oil from $35.00 to $45.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, Benchmark reiterated a “buy” rating and set a $32.00 target price on shares of Marathon Oil in a research report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.86.

View Our Latest Stock Report on Marathon Oil

Insider Buying and Selling at Marathon Oil

In other news, insider Patrick Wagner sold 36,094 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the sale, the insider now owns 140,829 shares of the company’s stock, valued at approximately $3,893,921.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Michael A. Henderson sold 51,389 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $27.59, for a total value of $1,417,822.51. Following the sale, the vice president now owns 114,828 shares of the company’s stock, valued at approximately $3,168,104.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Patrick Wagner sold 36,094 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total value of $997,999.10. Following the completion of the sale, the insider now directly owns 140,829 shares in the company, valued at approximately $3,893,921.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,716 shares of company stock valued at $4,397,507. 0.35% of the stock is owned by corporate insiders.

About Marathon Oil

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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