Cerity Partners LLC Has $399,000 Stock Position in Marathon Oil Co. (NYSE:MRO)

Cerity Partners LLC increased its holdings in Marathon Oil Co. (NYSE:MROGet Rating) by 109.3% during the second quarter, HoldingsChannel reports. The fund owned 17,939 shares of the oil and gas producer’s stock after acquiring an additional 9,368 shares during the quarter. Cerity Partners LLC’s holdings in Marathon Oil were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Qtron Investments LLC acquired a new stake in shares of Marathon Oil in the 2nd quarter worth about $395,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Marathon Oil by 79.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 669,465 shares of the oil and gas producer’s stock worth $15,050,000 after acquiring an additional 295,706 shares during the last quarter. Swiss National Bank increased its stake in Marathon Oil by 69.4% in the 2nd quarter. Swiss National Bank now owns 3,117,909 shares of the oil and gas producer’s stock valued at $70,091,000 after buying an additional 1,277,000 shares during the last quarter. Pictet Asset Management SA increased its stake in Marathon Oil by 220.7% in the 2nd quarter. Pictet Asset Management SA now owns 322,730 shares of the oil and gas producer’s stock valued at $7,255,000 after buying an additional 222,089 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in Marathon Oil by 7.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,320 shares of the oil and gas producer’s stock valued at $434,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 75.16% of the company’s stock.

Marathon Oil Stock Performance

NYSE MRO opened at $30.80 on Friday. Marathon Oil Co. has a 1 year low of $14.29 and a 1 year high of $33.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 1.04. The stock has a market capitalization of $19.56 billion, a PE ratio of 5.91, a P/E/G ratio of 0.56 and a beta of 2.47. The company’s 50 day simple moving average is $28.10 and its two-hundred day simple moving average is $26.24.

Marathon Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, November 15th. This is a boost from Marathon Oil’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.17%. Marathon Oil’s dividend payout ratio is currently 6.91%.

Analyst Upgrades and Downgrades

MRO has been the subject of several analyst reports. Piper Sandler increased their price objective on shares of Marathon Oil from $38.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho decreased their price objective on shares of Marathon Oil from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 18th. Citigroup increased their target price on shares of Marathon Oil to $30.00 in a research report on Thursday, October 27th. Raymond James increased their target price on shares of Marathon Oil from $35.00 to $37.00 and gave the company a “strong-buy” rating in a research report on Monday, October 24th. Finally, Credit Suisse Group increased their target price on shares of Marathon Oil from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.44.

Insiders Place Their Bets

In other Marathon Oil news, CEO Lee M. Tillman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $32.56, for a total value of $976,800.00. Following the sale, the chief executive officer now directly owns 916,219 shares in the company, valued at approximately $29,832,090.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Dane E. Whitehead sold 33,252 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.01, for a total transaction of $864,884.52. Following the sale, the chief financial officer now owns 257,682 shares in the company, valued at approximately $6,702,308.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lee M. Tillman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $32.56, for a total transaction of $976,800.00. Following the sale, the chief executive officer now owns 916,219 shares in the company, valued at approximately $29,832,090.64. The disclosure for this sale can be found here. Insiders have sold 481,406 shares of company stock worth $15,004,236 in the last three months. 0.52% of the stock is currently owned by corporate insiders.

Marathon Oil Company 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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