Marathon Oil Co. (NYSE:MRO) Stock Position Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,884,151 shares of the oil and gas producer’s stock after purchasing an additional 171,450 shares during the quarter. Fisher Asset Management LLC owned about 0.52% of Marathon Oil worth $76,805,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MRO. Price T Rowe Associates Inc. MD raised its position in shares of Marathon Oil by 2.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 815,085 shares of the oil and gas producer’s stock worth $23,100,000 after buying an additional 23,323 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Marathon Oil during the first quarter worth approximately $788,000. Janus Henderson Group PLC lifted its position in Marathon Oil by 5.8% in the first quarter. Janus Henderson Group PLC now owns 2,225,585 shares of the oil and gas producer’s stock worth $63,073,000 after purchasing an additional 121,130 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Marathon Oil by 43.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,847 shares of the oil and gas producer’s stock valued at $691,000 after purchasing an additional 7,822 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Marathon Oil by 125.3% in the 1st quarter. Tidal Investments LLC now owns 69,311 shares of the oil and gas producer’s stock worth $1,963,000 after buying an additional 38,546 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Buying and Selling

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $28.84, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated 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 owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This represents a 34.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 382,693 shares of company stock worth $10,964,251. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. StockNews.com assumed coverage on shares of Marathon Oil in a research note on Saturday. They issued a “buy” rating on the stock. Mizuho cut their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Piper Sandler decreased their price target on shares of Marathon Oil from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Finally, Truist Financial cut their price objective on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.94.

Marathon Oil Stock Performance

Shares of NYSE MRO opened at $28.55 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The business has a 50-day moving average price of $27.66 and a two-hundred day moving average price of $27.65. The firm has a market capitalization of $15.97 billion, a PE ratio of 12.25 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. As a group, analysts predict that Marathon Oil Co. will post 2.34 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.88%.

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.