Marathon Oil Co. (NYSE:MRO) Stake Lessened by DekaBank Deutsche Girozentrale

Posted by Defense World Staff on Apr 20th, 2023

DekaBank Deutsche Girozentrale decreased its position in shares of Marathon Oil Co. (NYSE:MRO – Get Rating) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,531 shares of the oil and gas producer’s stock after selling 11,129 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Marathon Oil were worth $3,704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Marathon Oil in the 4th quarter worth $29,000. HWG Holdings LP bought a new stake in Marathon Oil in the third quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its holdings in Marathon Oil by 90.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 647 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Marathon Oil by 39.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,379 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Marathon Oil by 76.6% in the 1st quarter. Covestor Ltd now owns 1,427 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 619 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marathon Oil

In other Marathon Oil news, CAO Rob L. White sold 5,000 shares of the stock in a transaction on Monday, March 27th. The shares were sold at an average price of $22.85, for a total transaction of $114,250.00. Following the transaction, the chief accounting officer now directly owns 39,344 shares of the company’s stock, valued at $899,010.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by company insiders.

Marathon Oil Price Performance

MRO opened at $24.66 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. Marathon Oil Co. has a 1 year low of $19.42 and a 1 year high of $33.42. The stock has a fifty day moving average price of $24.82 and a 200 day moving average price of $27.15. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 4.75, a PEG ratio of 0.35 and a beta of 2.39.

Marathon Oil (NYSE:MRO – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The oil and gas producer reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Marathon Oil had a return on equity of 27.07% and a net margin of 44.95%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Analysts forecast that Marathon Oil Co. will post 3.04 EPS for the current fiscal year.

Marathon Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Marathon Oil’s previous quarterly dividend of $0.09. Marathon Oil’s dividend payout ratio (DPR) is currently 7.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRO shares. Piper Sandler reduced their target price on shares of Marathon Oil from $40.00 to $39.00 in a report on Wednesday. Morgan Stanley decreased their target price on Marathon Oil from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 27th. Wells Fargo & Company reduced their target price on Marathon Oil from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, February 21st. Stifel Nicolaus dropped their price target on Marathon Oil from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, March 30th. Finally, UBS Group assumed coverage on shares of Marathon Oil in a research note on Wednesday. They set a “buy” rating and a $33.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.78.

Marathon Oil Company Profile

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Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.