Marathon Oil Co. (NYSE:MRO - Get Free Report) insider Patrick Wagner sold 36,094 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total transaction of $997,999.10. Following the completion of the sale, the insider now directly owns 140,829 shares of the company's stock, valued at $3,893,921.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Patrick Wagner also recently made the following trade(s):
- On Tuesday, March 19th, Patrick Wagner sold 39,969 shares of Marathon Oil stock. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41.
Marathon Oil Price Performance
Shares of NYSE MRO opened at $28.34 on Friday. Marathon Oil Co. has a twelve month low of $21.63 and a twelve month high of $29.56. The company has a market cap of $16.36 billion, a PE ratio of 11.07 and a beta of 2.21. The business's 50 day moving average price is $24.28 and its two-hundred day moving average price is $25.11. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30.
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Marathon Oil (NYSE:MRO - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. The company's revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, analysts predict that Marathon Oil Co. will post 2.46 EPS for the current year.
Marathon Oil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. Marathon Oil's payout ratio is presently 17.19%.
Institutional Trading of Marathon Oil
A number of institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in Marathon Oil by 0.8% in the first quarter. State Street Corp now owns 48,341,531 shares of the oil and gas producer's stock valued at $1,213,856,000 after purchasing an additional 392,821 shares in the last quarter. Invesco Ltd. increased its holdings in Marathon Oil by 51.4% in the 3rd quarter. Invesco Ltd. now owns 27,988,152 shares of the oil and gas producer's stock worth $748,683,000 after purchasing an additional 9,504,754 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Marathon Oil by 24.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 19,388,560 shares of the oil and gas producer's stock valued at $468,428,000 after buying an additional 3,795,020 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Marathon Oil by 22.6% during the third quarter. Morgan Stanley now owns 11,797,521 shares of the oil and gas producer's stock worth $315,584,000 after purchasing an additional 2,176,062 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Marathon Oil by 1,220.4% in the first quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer's stock valued at $219,828,000 after purchasing an additional 8,091,570 shares during the period. Institutional investors own 77.24% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MRO. Morgan Stanley upped their target price on Marathon Oil from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Thursday. UBS Group reduced their price target on shares of Marathon Oil from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Truist Financial cut their target price on shares of Marathon Oil from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Stifel Nicolaus dropped their price target on Marathon Oil from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Finally, Benchmark lifted their target price on Marathon Oil from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Five research 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $31.68.
Check Out Our Latest Stock Report on Marathon Oil
Marathon Oil Company Profile
(
Get Free Report)
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.
Further Reading
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