Marathon Oil Co. (NYSE:MRO) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in Marathon Oil Co. (NYSE:MRO) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,129 shares of the oil and gas producer’s stock after buying an additional 1,052 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Marathon Oil were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Marathon Oil by 51.4% in the 3rd quarter. Invesco Ltd. now owns 27,988,152 shares of the oil and gas producer’s stock worth $748,683,000 after buying an additional 9,504,754 shares in the last quarter. Morgan Stanley lifted its holdings in Marathon Oil by 22.6% in the 3rd quarter. Morgan Stanley now owns 11,797,521 shares of the oil and gas producer’s stock worth $315,584,000 after buying an additional 2,176,062 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Marathon Oil by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,365 shares of the oil and gas producer’s stock worth $197,801,000 after buying an additional 556,566 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Marathon Oil by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,136,561 shares of the oil and gas producer’s stock worth $124,099,000 after buying an additional 18,125 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Marathon Oil by 7.1% in the 4th quarter. LSV Asset Management now owns 5,024,800 shares of the oil and gas producer’s stock worth $121,399,000 after buying an additional 332,200 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Transactions at Marathon Oil

In other news, CFO Dane E. Whitehead sold 73,233 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $27.06, for a total value of $1,981,684.98. Following the completion of the sale, the chief financial officer now directly owns 152,008 shares of the company’s stock, valued at approximately $4,113,336.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Dane E. Whitehead sold 73,233 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $27.06, for a total transaction of $1,981,684.98. Following the completion of the sale, the chief financial officer now directly owns 152,008 shares of the company’s stock, valued at $4,113,336.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the sale, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at $16,065,130.20. The disclosure for this sale can be found here. In the last three months, insiders sold 281,332 shares of company stock valued at $7,644,903. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

MRO has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Marathon Oil from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler boosted their target price on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Mizuho boosted their target price on shares of Marathon Oil from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Susquehanna reissued a “positive” rating and issued a $33.00 target price on shares of Marathon Oil in a research report on Monday, April 22nd. Finally, Argus raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Marathon Oil has an average rating of “Moderate Buy” and an average price target of $33.14.

Marathon Oil Trading Down 0.8 %

Marathon Oil stock opened at $25.56 on Friday. The firm has a 50-day moving average price of $27.51 and a two-hundred day moving average price of $25.27. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 10.56 and a beta of 2.22. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Sell-side analysts expect that Marathon Oil Co. will post 2.89 earnings per share for the current year.

Marathon Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is currently 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.