Menard Financial Group LLC Acquires 3,264 Shares of Marathon Oil Co. (NYSE:MRO)

Menard Financial Group LLC raised its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 28.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,735 shares of the oil and gas producer’s stock after purchasing an additional 3,264 shares during the period. Menard Financial Group LLC’s holdings in Marathon Oil were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in shares of Marathon Oil by 4.8% in the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 415 shares during the last quarter. Wahed Invest LLC boosted its stake in shares of Marathon Oil by 4.2% in the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 419 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Marathon Oil by 1.9% in the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after buying an additional 428 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in shares of Marathon Oil by 4.8% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock worth $271,000 after buying an additional 439 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in shares of Marathon Oil by 0.5% in the 1st quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock worth $2,482,000 after buying an additional 441 shares during the last quarter. Institutional investors own 77.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MRO. UBS Group dropped their price target on Marathon Oil from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Piper Sandler raised their price target on Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Capital One Financial cut Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. StockNews.com began coverage on Marathon Oil in a report on Thursday. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $29.00 target price (down from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Oil presently has a consensus rating of “Moderate Buy” and an average price target of $31.87.

Insider Buying and Selling

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated 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 completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Marathon Oil Price Performance

NYSE:MRO opened at $26.13 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $27.75 and its two-hundred day simple moving average is $27.49. The stock has a market cap of $14.74 billion, a PE ratio of 10.80 and a beta of 2.16. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week high of $30.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, analysts forecast that Marathon Oil Co. will post 2.76 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Marathon Oil’s payout ratio is 18.18%.

Marathon Oil Company 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.