Marathon Oil Co. (NYSE:MRO) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Marathon Oil Co. (NYSE:MRO - Free Report) by 3,253.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,362 shares of the oil and gas producer's stock after acquiring an additional 174,013 shares during the period. International Assets Investment Management LLC's holdings in Marathon Oil were worth $4,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gradient Investments LLC lifted its stake in shares of Marathon Oil by 1.9% during the second quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer's stock valued at $655,000 after buying an additional 428 shares during the period. Miracle Mile Advisors LLC lifted its position in Marathon Oil by 1.9% during the third quarter. Miracle Mile Advisors LLC now owns 24,084 shares of the oil and gas producer's stock worth $641,000 after buying an additional 454 shares during the period. Grove Bank & Trust boosted its stake in 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 worth $31,000 after buying an additional 465 shares during the last quarter. Founders Capital Management grew its holdings in Marathon Oil by 100.0% in the 2nd 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 during the period. Finally, SS&H Financial Advisors Inc. increased its stake in shares of Marathon Oil by 1.6% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 31,158 shares of the oil and gas producer's stock valued at $830,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 77.24% of the company's stock.

Wall Street Analysts Forecast Growth

MRO has been the subject of several research analyst reports. Barclays dropped their price target on shares of Marathon Oil from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Truist Financial cut their price objective on Marathon Oil from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Wells Fargo & Company dropped their target price on shares of Marathon Oil from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 1st. Piper Sandler raised 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. Finally, Citigroup decreased their price target on shares of Marathon Oil from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil presently has a consensus rating of "Moderate Buy" and an average price target of $31.12.

Insider Activity at Marathon Oil

In other 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 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 approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the firm's 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 sale, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,033,980.00. Following the transaction, the vice president now directly owns 76,828 shares of the company's stock, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

Marathon Oil Stock Down 1.6 %

Shares of NYSE:MRO traded down $0.43 during midday trading on Friday, reaching $27.27. The company had a trading volume of 7,521,826 shares, compared to its average volume of 4,996,924. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The stock has a market capitalization of $15.25 billion, a P/E ratio of 10.61 and a beta of 2.16. The stock's fifty day moving average price is $27.29 and its 200-day moving average price is $27.50.

Marathon Oil (NYSE:MRO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (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 analyst estimates of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. Equities research analysts expect that Marathon Oil Co. will post 2.41 earnings per share for the current fiscal year.

Marathon Oil Dividend Announcement

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 issued a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.61%. Marathon Oil's dividend payout ratio (DPR) is 17.12%.

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.