Marathon Oil Co. (NYSE:MRO) Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,381 shares of the oil and gas producer’s stock after acquiring an additional 9,752 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marathon Oil were worth $1,175,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of Marathon Oil during the second quarter valued at approximately $26,000. Founders Capital Management grew its position 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 worth $29,000 after buying an additional 500 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Marathon Oil in the second quarter worth approximately $29,000. Grove Bank & Trust grew its position in Marathon Oil by 77.4% in the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the last quarter. Finally, Hilltop National Bank grew its position in Marathon Oil by 89.5% in the second quarter. Hilltop National Bank now owns 1,620 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 765 shares during the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Activity

In related news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction on 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 transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction on 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 transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction on 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 completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Marathon Oil Trading Down 1.6 %

Shares of NYSE:MRO opened at $27.27 on Friday. The firm has a fifty day moving average of $27.29 and a two-hundred day moving average of $27.51. The firm has a market capitalization of $15.25 billion, a P/E ratio of 10.61 and a beta of 2.16. Marathon Oil Co. has a 12-month low of $21.81 and a 12-month high of $30.06. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. On average, equities analysts expect that Marathon Oil Co. will post 2.41 EPS 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 issued a dividend of $0.11 per share. 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 1.61%. Marathon Oil’s dividend payout ratio is currently 17.12%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Mizuho decreased their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Piper Sandler lifted their price target on shares of Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. UBS Group decreased their price target on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company decreased their price target on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.12.

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.