Marathon Oil Co. (NYSE:MRO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,243 shares of the oil and gas producer’s stock after selling 2,177 shares during the quarter. Retirement Systems of Alabama’s holdings in Marathon Oil were worth $3,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in shares of Marathon Oil in the 2nd quarter worth approximately $26,000. Highbridge Capital Management LLC purchased a new stake in Marathon Oil in the second quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new position in Marathon Oil during the third quarter worth $36,000. Kennebec Savings Bank purchased a new position in shares of Marathon Oil during the third quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Marathon Oil in the third quarter valued at $51,000. Hedge funds and other institutional investors own 77.24% of the company’s stock.

Marathon Oil Stock Performance

Shares of Marathon Oil stock opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.69. The company has a market capitalization of $15.97 billion, a P/E ratio of 12.25 and a beta of 2.16. Marathon Oil Co. has a 1 year low of $21.81 and a 1 year high of $30.06. The company’s fifty day moving average is $27.97 and its two-hundred day moving average is $27.88.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. Analysts forecast that Marathon Oil Co. will post 2.34 earnings per share for the current year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.11 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. Marathon Oil’s dividend payout ratio (DPR) is 18.88%.

Analyst Ratings Changes

MRO has been the subject of a number of research analyst reports. Barclays lowered their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Susquehanna reduced their target price on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Truist Financial cut their price objective on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company decreased their target price on Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their price target on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Nine 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.94.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, CEO Lee M. Tillman sold 256,591 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $29.07, for a total transaction of $7,459,100.37. Following the transaction, the chief executive officer now owns 596,330 shares in the company, valued at approximately $17,335,313.10. The trade was a 30.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $28.84, for a total value of $1,040,950.96. Following the completion of the sale, the insider now directly owns 104,735 shares of the company’s stock, valued at $3,020,557.40. This represents a 25.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

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.