J.W. Cole Advisors Inc. Acquires Shares of 51,051 Marathon Oil Co. (NYSE:MRO)

J.W. Cole Advisors Inc. acquired a new stake in shares of Marathon Oil Co. (NYSE:MROGet Rating) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 51,051 shares of the oil and gas producer’s stock, valued at approximately $118,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Washington Trust Advisors Inc. bought a new position in shares of Marathon Oil during the 1st quarter valued at approximately $25,000. Zullo Investment Group Inc. bought a new position in shares of Marathon Oil during the 1st quarter valued at approximately $30,000. Tsfg LLC bought a new position in shares of Marathon Oil during the 1st quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its position in shares of Marathon Oil by 90.6% during 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. Finally, HWG Holdings LP bought a new position in shares of Marathon Oil during the 4th quarter valued at approximately $36,000. 75.16% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Trading Down 2.3 %

Shares of NYSE:MRO opened at $25.18 on Thursday. Marathon Oil Co. has a 12-month low of $11.69 and a 12-month high of $33.24. The company has a market capitalization of $17.82 billion, a PE ratio of 5.97, a PEG ratio of 0.37 and a beta of 2.48. The business has a 50 day moving average of $24.29 and a two-hundred day moving average of $25.20. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, August 16th. Marathon Oil’s payout ratio is 7.58%.

Insider Transactions at Marathon Oil

In other news, CFO Dane E. Whitehead sold 33,252 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $26.01, for a total transaction of $864,884.52. Following the completion of the transaction, the chief financial officer now directly owns 257,682 shares of the company’s stock, valued at approximately $6,702,308.82. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MRO. Piper Sandler increased their target price on Marathon Oil from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, July 22nd. Citigroup raised their price target on Marathon Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America lowered their price target on Marathon Oil from $28.00 to $25.00 and set an “underperform” rating for the company in a research report on Tuesday, July 19th. Barclays lowered their price target on Marathon Oil from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Finally, StockNews.com upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Marathon Oil Profile

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Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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