Lindbrook Capital LLC Purchases 494 Shares of Marathon Oil Co. (NYSE:MRO)

Lindbrook Capital LLC grew its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,770 shares of the oil and gas producer’s stock after buying an additional 494 shares during the period. Lindbrook Capital LLC’s holdings in Marathon Oil were worth $188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Marathon Oil by 51.4% in 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. Morgan Stanley increased its stake in Marathon Oil by 22.6% during the 3rd quarter. Morgan Stanley now owns 11,797,521 shares of the oil and gas producer’s stock valued at $315,584,000 after purchasing an additional 2,176,062 shares in the last quarter. Korea Investment CORP raised 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 worth $39,463,000 after buying an additional 1,308,965 shares during the last quarter. Aviva PLC lifted its stake in shares of Marathon Oil by 284.3% in the third quarter. Aviva PLC now owns 974,186 shares of the oil and gas producer’s stock worth $26,059,000 after buying an additional 720,718 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Marathon Oil by 9.3% during the third quarter. Bank of New York Mellon Corp now owns 6,485,704 shares of the oil and gas producer’s stock valued at $173,493,000 after buying an additional 550,473 shares during the last quarter. 77.24% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Stock Performance

Shares of MRO opened at $27.64 on Tuesday. Marathon Oil Co. has a 52 week low of $21.63 and a 52 week high of $30.06. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 10.80 and a beta of 2.22. The business has a 50-day simple moving average of $26.33 and a two-hundred day simple moving average of $25.38.

Marathon Oil (NYSE:MRO) last released its earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. On average, analysts expect that Marathon Oil Co. will post 2.74 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. Marathon Oil’s payout ratio is 17.19%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MRO. Piper Sandler boosted their price objective on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday. Mizuho boosted their price target on Marathon Oil from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Truist Financial increased their price objective on Marathon Oil from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Argus raised Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, March 14th. Finally, Susquehanna restated a “positive” rating and set a $33.00 target price on shares of Marathon Oil in a research note on Monday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.66.

Insider Transactions at Marathon Oil

In related news, VP Michael A. Henderson sold 51,389 shares of Marathon Oil stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $27.59, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the completion of the transaction, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at $16,065,130.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael A. Henderson sold 51,389 shares of Marathon Oil 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 completion of the sale, the vice president now directly owns 114,828 shares in the company, valued at approximately $3,168,104.52. The disclosure for this sale can be found here. Insiders sold a total of 281,332 shares of company stock valued at $7,644,903 over the last 90 days. Company insiders own 0.42% of the company’s stock.

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.