Michael A. Henderson Sells 51,389 Shares of Marathon Oil Co. (NYSE:MRO) Stock

Marathon Oil Co. (NYSE:MRO) VP Michael A. Henderson sold 51,389 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $27.59, for a total value of $1,417,822.51. Following the transaction, the vice president now owns 114,828 shares in the company, valued at approximately $3,168,104.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Marathon Oil Stock Performance

NYSE:MRO opened at $27.72 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.00 billion, a PE ratio of 10.83 and a beta of 2.21. Marathon Oil Co. has a twelve month low of $21.63 and a twelve month high of $29.56. The stock’s 50-day simple moving average is $24.15 and its 200 day simple moving average is $25.09.

Marathon Oil (NYSE:MRO) last posted its earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, analysts anticipate that Marathon Oil Co. will post 2.46 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.44 annualized dividend and a yield of 1.59%. Marathon Oil’s dividend payout ratio is presently 17.19%.

Hedge Funds Weigh In On Marathon Oil

Large investors have recently bought and sold shares of the company. Smithfield Trust Co raised its position in Marathon Oil by 367.9% in the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 802 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Marathon Oil during the third quarter worth about $27,000. ICA Group Wealth Management LLC raised its position in shares of Marathon Oil by 92.6% during the first quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 522 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Marathon Oil during the third quarter worth about $29,000. Finally, Fortis Group Advisors LLC raised its position in shares of Marathon Oil by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 618 shares during the last quarter. 77.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on MRO shares. Piper Sandler reduced their target price on Marathon Oil from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. UBS Group reduced their target price on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $33.00 target price on shares of Marathon Oil in a report on Tuesday, March 5th. Raymond James reduced their target price on Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial reduced their target price on Marathon Oil from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Oil has an average rating of “Moderate Buy” and an average target price of $31.62.

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.