Marathon Oil Co. (NYSE:MRO) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 28.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220,570 shares of the oil and gas producer’s stock after selling 87,550 shares during the quarter. Boston Trust Walden Corp’s holdings in Marathon Oil were worth $5,874,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRO. Vanguard Group Inc. boosted its holdings in Marathon Oil by 9.9% in the 1st 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 during the period. Pacer Advisors Inc. boosted its holdings in Marathon Oil by 13.1% in the 2nd quarter. Pacer Advisors Inc. now owns 13,369,821 shares of the oil and gas producer’s stock worth $383,313,000 after acquiring an additional 1,552,210 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Marathon Oil by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer’s stock worth $242,582,000 after acquiring an additional 328,184 shares during the period. LSV Asset Management boosted its holdings in Marathon Oil by 10.1% in the 2nd quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer’s stock worth $184,741,000 after acquiring an additional 593,100 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Marathon Oil by 1.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,786,956 shares of the oil and gas producer’s stock worth $79,902,000 after acquiring an additional 27,495 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup decreased their price target on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Mizuho reduced their target price on Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Scotiabank increased their target price on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Truist Financial reduced their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. reduced their target price on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.12.

Marathon Oil Price Performance

Shares of NYSE MRO opened at $26.46 on Monday. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The business’s fifty day moving average price is $27.42 and its two-hundred day moving average price is $27.59. The firm has a market capitalization of $14.80 billion, a PE ratio of 10.30 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Marathon Oil’s quarterly revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Marathon Oil Co. will post 2.43 EPS for the current year.

Marathon Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil’s dividend payout ratio is presently 17.12%.

Insiders Place Their Bets

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

About Marathon Oil

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.