Boston Trust Walden Corp Sells 87,550 Shares of Marathon Oil Co. (NYSE:MRO)

Boston Trust Walden Corp trimmed its holdings in Marathon Oil Co. (NYSE:MRO - Free Report) by 28.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,570 shares of the oil and gas producer's stock after selling 87,550 shares during the quarter. Boston Trust Walden Corp's holdings in Marathon Oil were worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. HWG Holdings LP acquired a new stake in shares of Marathon Oil during the 2nd quarter worth approximately $26,000. Founders Capital Management boosted its stake 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 worth $29,000 after buying an additional 500 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Marathon Oil in the 2nd quarter valued at $29,000. Grove Bank & Trust raised its stake in shares of Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 465 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of Marathon Oil by 89.5% during the 2nd quarter. Hilltop National Bank now owns 1,620 shares of the oil and gas producer's stock worth $46,000 after acquiring an additional 765 shares during the period. 77.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MRO shares. Scotiabank increased their target price on Marathon Oil from $27.61 to $28.00 and gave the stock a "sector perform" rating in a report on Thursday, October 10th. Mizuho reduced their target price on shares of Marathon Oil from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. UBS Group dropped their target price on shares of Marathon Oil from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Citigroup decreased their price objective on shares of Marathon Oil from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Piper Sandler lifted their target price on shares of Marathon Oil from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.12.

Marathon Oil Trading Down 1.3 %

MRO stock traded down $0.35 during midday trading on Monday, reaching $26.11. The company's stock had a trading volume of 3,973,149 shares, compared to its average volume of 8,078,704. The business's 50-day simple moving average is $27.42 and its 200-day simple moving average is $27.58. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The stock has a market cap of $14.61 billion, a PE ratio of 10.12 and a beta of 2.16. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week high of $30.06.

Marathon Oil (NYSE:MRO - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, sell-side analysts expect that Marathon Oil Co. will post 2.43 EPS for the current year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Oil's dividend payout ratio is currently 17.12%.

Insider Buying and Selling at Marathon Oil

In other news, VP Michael A. Henderson sold 38,000 shares of the business's stock in a transaction 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 transaction, the vice president now owns 76,828 shares of the company's stock, valued at $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Michael A. Henderson sold 38,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the firm's stock in a transaction that occurred 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 $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

About Marathon Oil

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.