Mather Group LLC. Has $510,000 Holdings in Marathon Oil Co. (NYSE:MRO)

Mather Group LLC. trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,136 shares of the oil and gas producer’s stock after selling 1,923 shares during the quarter. Mather Group LLC.’s holdings in Marathon Oil were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. HWG Holdings LP bought a new stake in Marathon Oil in the second quarter worth approximately $26,000. Riverview Trust Co bought a new stake in Marathon Oil in the first quarter worth $27,000. Benjamin Edwards Inc. increased its position in Marathon Oil by 226.0% during the first quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 678 shares during the last quarter. Founders Capital Management raised its holdings in Marathon Oil by 100.0% during the second quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Marathon Oil in the second quarter worth about $29,000. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Price Performance

Shares of Marathon Oil stock opened at $28.33 on Friday. The firm has a market cap of $15.98 billion, a P/E ratio of 11.71 and a beta of 2.16. The firm’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $27.73. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. As a group, research analysts expect that Marathon Oil Co. will post 2.53 EPS for the current fiscal year.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. Marathon Oil’s payout ratio is presently 18.18%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MRO shares. Citigroup cut their price objective on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company lowered their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. Piper Sandler lifted their target price on shares of Marathon Oil from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Scotiabank upped their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Truist Financial lowered their price target on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Marathon Oil presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.12.

Insider Activity

In related news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the transaction, the vice president now directly owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now owns 100,000 shares in the company, valued at approximately $2,750,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the transaction, the vice president now directly owns 76,828 shares of the company’s stock, valued at $2,090,489.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.