Marathon Oil Co. (NYSE:MRO) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Marathon Oil Co. (NYSE:MROFree Report) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598,711 shares of the oil and gas producer’s stock after acquiring an additional 40,492 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Marathon Oil worth $14,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRO. Smithfield Trust Co increased its position in Marathon Oil by 367.9% during the 3rd quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 802 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Marathon Oil in the third quarter worth $27,000. Anchor Investment Management LLC purchased a new position in shares of Marathon Oil in the 4th quarter valued at $37,000. Central Bank & Trust Co. acquired a new position in shares of Marathon Oil during the 4th quarter valued at $41,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in Marathon Oil during the 4th quarter worth $48,000. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MRO shares. The Goldman Sachs Group boosted their price objective on Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. Scotiabank boosted their price objective on shares of Marathon Oil from $35.00 to $45.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Truist Financial decreased their target price on Marathon Oil from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Piper Sandler increased their price objective on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Susquehanna reiterated a “positive” rating and issued a $33.00 price objective on shares of Marathon Oil in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Oil has an average rating of “Moderate Buy” and an average target price of $33.14.

Get Our Latest Research Report on MRO

Insiders Place Their Bets

In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the completion of the sale, the insider now owns 176,923 shares in the company, valued at approximately $4,757,459.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lee M. Tillman sold 80,647 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $2,172,630.18. Following the sale, the chief executive officer now owns 596,330 shares in the company, valued at approximately $16,065,130.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Wagner sold 39,969 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the sale, the insider now directly owns 176,923 shares in the company, valued at $4,757,459.47. The disclosure for this sale can be found here. Insiders have sold 281,332 shares of company stock worth $7,644,903 in the last ninety days. Insiders own 0.35% of the company’s stock.

Marathon Oil Stock Up 0.3 %

Marathon Oil stock opened at $26.21 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The firm’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $25.32. The company has a market capitalization of $14.78 billion, a P/E ratio of 10.83 and a beta of 2.22.

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

Marathon Oil Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, May 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. Marathon Oil’s payout ratio is 18.18%.

About Marathon Oil

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Co. (NYSE:MROFree Report).

Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.