MV Capital Management Inc. Sells 1,457 Shares of Marathon Oil Co. (NYSE:MRO)

MV Capital Management Inc. cut its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 61.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 927 shares of the oil and gas producer’s stock after selling 1,457 shares during the quarter. MV Capital Management Inc.’s holdings in Marathon Oil were worth $26,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new position in Marathon Oil in the first quarter valued at approximately $27,000. Fortis Group Advisors LLC boosted its position in Marathon Oil by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 618 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Marathon Oil in the fourth quarter valued at approximately $31,000. Scarborough Advisors LLC acquired a new stake in Marathon Oil in the fourth quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC acquired a new stake in Marathon Oil in the fourth quarter valued at approximately $37,000. 77.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

MRO has been the topic of a number of recent research reports. Susquehanna reiterated a “positive” rating and set a $33.00 price target on shares of Marathon Oil in a report on Monday, April 22nd. Stifel Nicolaus lowered their target price on shares of Marathon Oil from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Scotiabank lifted their target price on shares of Marathon Oil from $35.00 to $45.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $29.00 price target (down from $38.00) on shares of Marathon Oil in a research note on Friday, May 31st. Finally, Truist Financial decreased their price target on shares of Marathon Oil from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

Marathon Oil Stock Down 0.5 %

MRO opened at $28.58 on Wednesday. The company has a 50 day moving average of $27.37 and a 200 day moving average of $25.87. The company has a market cap of $16.12 billion, a PE ratio of 11.81 and a beta of 2.19. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. 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:MRO) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. On average, sell-side analysts expect that Marathon Oil Co. will post 2.86 EPS for the current year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, May 14th. Marathon Oil’s payout ratio is presently 18.18%.

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.