Axxcess Wealth Management LLC Boosts Stock Holdings in Marathon Oil Co. (NYSE:MRO)

Axxcess Wealth Management LLC grew its stake in shares of Marathon Oil Co. (NYSE:MRO) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,371 shares of the oil and gas producer’s stock after acquiring an additional 3,724 shares during the period. Axxcess Wealth Management LLC’s holdings in Marathon Oil were worth $676,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Marathon Oil by 19.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer’s stock worth $20,285,000 after acquiring an additional 117,061 shares in the last quarter. Comerica Bank lifted its position in shares of Marathon Oil by 15.0% during the first quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock worth $4,882,000 after acquiring an additional 22,526 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Marathon Oil during the second quarter worth $6,673,000. Vanguard Group Inc. lifted its position in shares of Marathon Oil by 9.9% during the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Marathon Oil by 36.7% during the first quarter. Sei Investments Co. now owns 535,994 shares of the oil and gas producer’s stock worth $15,193,000 after acquiring an additional 143,912 shares in the last quarter. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Marathon Oil Price Performance

Shares of NYSE MRO opened at $28.31 on Wednesday. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The firm has a market cap of $15.84 billion, a P/E ratio of 12.28 and a beta of 2.16. The company has a 50 day moving average of $27.25 and a 200 day moving average of $27.53. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 0.40.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data 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 net margin of 19.73% and a return on equity of 12.80%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts expect that Marathon Oil Co. will post 2.37 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.55%. Marathon Oil’s dividend payout ratio is presently 18.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MRO shares. Scotiabank upped their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 10th. StockNews.com started coverage on shares of Marathon Oil in a report on Thursday, November 7th. They issued a “buy” rating on the stock. 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 report on Wednesday, September 18th. 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 report on Monday, September 30th. Finally, Susquehanna reduced their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.12.

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.