Marathon Oil Co. (NYSE:MRO) Shares Sold by South Street Advisors LLC

South Street Advisors LLC trimmed its holdings in shares of Marathon Oil Co. (NYSE:MRO - Free Report) by 58.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,101 shares of the oil and gas producer's stock after selling 303,420 shares during the quarter. South Street Advisors LLC's holdings in Marathon Oil were worth $5,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MRO. Vanguard Group Inc. increased its holdings in shares of 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 valued at $2,146,794,000 after acquiring an additional 6,835,604 shares in the last quarter. Pacer Advisors Inc. increased its stake in Marathon Oil by 13.1% during the 2nd quarter. Pacer Advisors Inc. now owns 13,369,821 shares of the oil and gas producer's stock valued at $383,313,000 after purchasing an additional 1,552,210 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marathon Oil by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,461,323 shares of the oil and gas producer's stock worth $242,582,000 after buying an additional 328,184 shares during the period. LSV Asset Management raised its stake in Marathon Oil by 10.1% in the 2nd quarter. LSV Asset Management now owns 6,443,713 shares of the oil and gas producer's stock worth $184,741,000 after acquiring an additional 593,100 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Marathon Oil by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,786,956 shares of the oil and gas producer's stock worth $79,902,000 after acquiring an additional 27,495 shares during the period. 77.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on Marathon Oil from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, September 18th. Mizuho decreased their price objective on shares of Marathon Oil from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Piper Sandler upped their price objective on shares of Marathon Oil from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Truist Financial cut their price target on Marathon Oil from $35.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Finally, Scotiabank upped their target price on Marathon Oil from $27.61 to $28.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Oil presently has a consensus rating of "Moderate Buy" and an average target price of $31.12.

Marathon Oil Price Performance

Shares of Marathon Oil stock traded down $0.15 during trading hours on Friday, reaching $28.59. 5,087,537 shares of the company's stock were exchanged, compared to its average volume of 5,697,123. The company has a market capitalization of $15.99 billion, a P/E ratio of 12.27 and a beta of 2.16. The business has a fifty day moving average of $27.36 and a two-hundred day moving average of $27.56. 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 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 0.40.

Marathon Oil (NYSE:MRO - Get Free Report) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.77 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts predict that Marathon Oil Co. will post 2.36 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 paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. Marathon Oil's dividend payout ratio (DPR) is 18.88%.

Insider Activity

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 34.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael A. Henderson sold 38,000 shares of the company'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 transaction of $1,033,980.00. Following the completion of the transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This represents a 33.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

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.