Prime Capital Investment Advisors LLC Sells 7,209 Shares of Marathon Oil Co. (NYSE:MRO)

Prime Capital Investment Advisors LLC decreased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 37.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,932 shares of the oil and gas producer’s stock after selling 7,209 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Marathon Oil were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MRO. 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 purchasing an additional 6,835,604 shares in the last quarter. Pacer Advisors Inc. raised its position 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 purchasing an additional 1,552,210 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Marathon Oil by 4.0% during 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 buying an additional 328,184 shares in the last quarter. LSV Asset Management boosted its position 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 valued at $184,741,000 after buying an additional 593,100 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of 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 valued at $79,902,000 after buying an additional 27,495 shares during the period. Institutional investors own 77.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MRO. Susquehanna decreased their price target on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. UBS Group lowered their price target on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. JPMorgan Chase & Co. cut their price objective on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Truist Financial reduced their target price on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Barclays reduced their price target on shares of Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.12.

Insider Activity

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 34.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael A. Henderson sold 38,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $27.21, for a total value of $1,033,980.00. Following the sale, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This represents a 33.09 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Marathon Oil Stock Down 0.5 %

MRO stock opened at $28.59 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a quick ratio of 0.61. The stock has a market capitalization of $15.99 billion, a P/E ratio of 12.27 and a beta of 2.16. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two week high of $30.06. The business has a 50-day moving average of $27.36 and a 200-day moving average of $27.56.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company 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 business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. On average, sell-side analysts anticipate that Marathon Oil Co. will post 2.36 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid 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 1.54%. Marathon Oil’s dividend payout ratio is 18.88%.

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.