Nisa Investment Advisors LLC trimmed its holdings in Marathon Oil Co. (NYSE:MRO – Get Rating) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,206 shares of the oil and gas producer’s stock after selling 32,394 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marathon Oil were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Q3 Asset Management purchased a new stake in Marathon Oil during the fourth quarter valued at about $1,009,000. Profund Advisors LLC lifted its stake in Marathon Oil by 2.2% during the fourth quarter. Profund Advisors LLC now owns 39,128 shares of the oil and gas producer’s stock valued at $1,059,000 after buying an additional 846 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in Marathon Oil during the fourth quarter valued at about $229,000. Welch & Forbes LLC purchased a new stake in Marathon Oil during the fourth quarter valued at about $203,000. Finally, Viking Fund Management LLC lifted its stake in Marathon Oil by 5.3% during the fourth quarter. Viking Fund Management LLC now owns 200,000 shares of the oil and gas producer’s stock valued at $5,414,000 after buying an additional 10,000 shares in the last quarter. 77.30% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CAO Rob L. White sold 5,000 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $22.85, for a total value of $114,250.00. Following the completion of the sale, 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 can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.
Marathon Oil Trading Down 0.7 %
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. Marathon Oil had a return on equity of 27.07% and a net margin of 44.95%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts predict that Marathon Oil Co. will post 2.93 EPS for the current year.
Marathon Oil Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, February 14th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.09. Marathon Oil’s dividend payout ratio (DPR) is 7.71%.
Analyst Ratings Changes
A number of research firms have commented on MRO. Susquehanna reduced their price objective on shares of Marathon Oil from $35.00 to $32.00 in a research note on Friday. UBS Group assumed coverage on Marathon Oil in a report on Wednesday, April 19th. They issued a “buy” rating and a $33.00 target price on the stock. Benchmark upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, February 16th. StockNews.com assumed coverage on Marathon Oil in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Morgan Stanley dropped 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. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.78.
Marathon Oil Company Profile
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Marathon Oil (MRO)
- MarketBeat Week in Review – 4/17 – 4/21
- 2 Industrial Strength Dividend Stocks Melting Up
- Proctor & Gamble Is Going To Set A New High
- AutoNation’s Plans are Keeping Analysts Around
- Netflix Increases Buybacks: Can It Complete A Reversal In 2023?
Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.
