Marathon Oil Co. (NYSE:MRO) CFO Dane E. Whitehead Sells 33,252 Shares

Marathon Oil Co. (NYSE:MROGet Rating) CFO Dane E. Whitehead sold 33,252 shares of the 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 owns 257,682 shares in the company, valued at approximately $6,702,308.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Marathon Oil Trading Down 2.3 %

Shares of MRO stock opened at $24.59 on Friday. The stock’s fifty day moving average is $24.29 and its two-hundred day moving average is $25.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.18. The firm has a market capitalization of $17.40 billion, a P/E ratio of 5.88, a PEG ratio of 0.37 and a beta of 2.48. Marathon Oil Co. has a fifty-two week low of $11.99 and a fifty-two week high of $33.24.

Marathon Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Marathon Oil’s dividend payout ratio is presently 7.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MRO. Wellington Management Group LLP raised its holdings in shares of Marathon Oil by 1,220.4% during the 1st quarter. Wellington Management Group LLP now owns 8,754,588 shares of the oil and gas producer’s stock worth $219,828,000 after acquiring an additional 8,091,570 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Marathon Oil by 60.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,739,802 shares of the oil and gas producer’s stock worth $194,346,000 after acquiring an additional 2,904,140 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Marathon Oil by 3,527.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,735,575 shares of the oil and gas producer’s stock worth $68,690,000 after acquiring an additional 2,660,158 shares during the period. Encompass Capital Advisors LLC raised its holdings in shares of Marathon Oil by 173.0% during the 2nd quarter. Encompass Capital Advisors LLC now owns 3,794,020 shares of the oil and gas producer’s stock worth $85,290,000 after acquiring an additional 2,404,020 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Marathon Oil by 521.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,861,046 shares of the oil and gas producer’s stock worth $64,316,000 after acquiring an additional 2,400,700 shares during the period. Hedge funds and other institutional investors own 75.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MRO. Mizuho dropped their price objective on shares of Marathon Oil from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, August 18th. Citigroup raised their price objective on shares of Marathon Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 15th. The Goldman Sachs Group dropped their price objective on shares of Marathon Oil from $29.00 to $25.00 and set a “sell” rating on the stock in a research note on Tuesday, July 5th. Finally, Barclays dropped their price objective on shares of Marathon Oil from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.38.

About Marathon Oil

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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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Insider Buying and Selling by Quarter for Marathon Oil (NYSE:MRO)

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