AustralianSuper Pty Ltd Has $29.56 Million Holdings in Marathon Oil Co. (NYSE:MRO)

AustralianSuper Pty Ltd decreased its position in Marathon Oil Co. (NYSE:MRO - Free Report) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,109,892 shares of the oil and gas producer's stock after selling 82,436 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.20% of Marathon Oil worth $29,556,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Marathon Oil by 19.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 715,772 shares of the oil and gas producer's stock valued at $20,285,000 after purchasing an additional 117,061 shares during the period. Comerica Bank increased its position in Marathon Oil by 15.0% during the first quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer's stock worth $4,882,000 after acquiring an additional 22,526 shares during the period. Point72 DIFC Ltd bought a new position in Marathon Oil during the second quarter worth $6,673,000. Vanguard Group Inc. increased its position in Marathon Oil by 9.9% during the first quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer's stock worth $2,146,794,000 after acquiring an additional 6,835,604 shares during the period. Finally, Sei Investments Co. increased its position in Marathon Oil by 36.7% during the first quarter. Sei Investments Co. now owns 535,994 shares of the oil and gas producer's stock worth $15,193,000 after acquiring an additional 143,912 shares during the period. Institutional investors own 77.24% of the company's stock.

Insider Buying and Selling

In other news, insider Dane E. Whitehead sold 52,008 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 100,000 shares of the company's stock, valued at approximately $2,750,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the business's stock in a transaction dated Friday, September 6th. The stock was 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dane E. Whitehead sold 52,008 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $2,750,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MRO shares. Barclays decreased their price target on shares of Marathon Oil from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Susquehanna decreased 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 note on Wednesday, September 4th. Truist Financial decreased their price target on shares of Marathon Oil from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Citigroup decreased their price target 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 price target on shares of Marathon Oil from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.12.

Marathon Oil Trading Up 6.2 %

Shares of MRO stock traded up $1.62 on Thursday, reaching $27.70. The company had a trading volume of 13,209,120 shares, compared to its average volume of 8,067,574. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The stock has a market cap of $15.49 billion, a PE ratio of 10.78 and a beta of 2.16. The company has a 50-day moving average of $27.31 and a 200-day moving average of $27.52. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06.

Marathon Oil (NYSE:MRO - Get Free Report) last announced its quarterly earnings results 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). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $0.48 earnings per share. The business's revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Marathon Oil Co. will post 2.43 earnings per share for the current year.

Marathon Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.59%. Marathon Oil's payout ratio is 17.12%.

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.