Carrera Capital Advisors Invests $1.81 Million in Marathon Oil Co. (NYSE:MRO)

Carrera Capital Advisors acquired a new stake in Marathon Oil Co. (NYSE:MRO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 68,086 shares of the oil and gas producer's stock, valued at approximately $1,813,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in shares of Marathon Oil in the second quarter worth about $26,000. Founders Capital Management boosted its holdings in shares of Marathon Oil by 100.0% during the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer's stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Marathon Oil in the second quarter valued at approximately $29,000. Grove Bank & Trust lifted its position in Marathon Oil by 77.4% during the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer's stock worth $31,000 after buying an additional 465 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Marathon Oil during the third quarter worth $36,000. Hedge funds and other institutional investors own 77.24% of the company's stock.

Insider Buying and Selling

In related news, VP Michael A. Henderson sold 38,000 shares of the 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 sale, the vice president now directly owns 76,828 shares of the company's stock, valued at approximately $2,090,489.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred on 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 sale, the vice president now directly owns 76,828 shares of the company's stock, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $1,430,220.00. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

MRO has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Marathon Oil from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Susquehanna reduced their price target on shares of Marathon Oil from $39.00 to $37.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Mizuho lowered their price objective on Marathon Oil from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. decreased their price target on Marathon Oil from $33.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Finally, Piper Sandler raised their price objective on Marathon Oil from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.12.

Marathon Oil Stock Performance

NYSE:MRO traded down $0.05 during trading hours on Tuesday, reaching $28.57. 2,291,867 shares of the company's stock were exchanged, compared to its average volume of 8,007,131. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $27.25 and a 200 day moving average of $27.53. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 12.28 and a beta of 2.16.

Marathon Oil (NYSE:MRO - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. Marathon Oil's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts anticipate that Marathon Oil Co. will post 2.37 EPS for the current year.

Marathon Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, November 15th. Marathon Oil's dividend payout ratio (DPR) is 18.88%.

Marathon Oil 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.

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