LSV Asset Management Has $121.40 Million Stock Position in Marathon Oil Co. (NYSE:MRO)

LSV Asset Management increased its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,024,800 shares of the oil and gas producer’s stock after buying an additional 332,200 shares during the quarter. LSV Asset Management’s holdings in Marathon Oil were worth $121,399,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MRO. Oak Thistle LLC bought a new stake in shares of Marathon Oil in the 4th quarter valued at about $1,440,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Marathon Oil by 57.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 607,336 shares of the oil and gas producer’s stock worth $16,246,000 after purchasing an additional 221,388 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Marathon Oil in the 4th quarter valued at $3,209,000. Ardevora Asset Management LLP increased its position in shares of Marathon Oil by 20.4% during the fourth quarter. Ardevora Asset Management LLP now owns 449,551 shares of the oil and gas producer’s stock worth $10,861,000 after buying an additional 76,210 shares during the period. Finally, Pathstone Family Office LLC raised its stake in Marathon Oil by 222.3% during the third quarter. Pathstone Family Office LLC now owns 67,851 shares of the oil and gas producer’s stock worth $1,815,000 after buying an additional 46,796 shares during the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. The Goldman Sachs Group increased their price target on Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Raymond James cut their target price on shares of Marathon Oil from $35.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $33.00 price target on shares of Marathon Oil in a research note on Tuesday, March 5th. Truist Financial increased their price objective on shares of Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Mizuho boosted their target price on Marathon Oil from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.66.

Insider Transactions at Marathon Oil

In related news, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total transaction of $997,999.10. Following the completion of the sale, the insider now owns 140,829 shares in the company, valued at $3,893,921.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Patrick Wagner sold 36,094 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the transaction, the insider now owns 140,829 shares of the company’s stock, valued at approximately $3,893,921.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dane E. Whitehead sold 73,233 shares of Marathon Oil stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.06, for a total value of $1,981,684.98. Following the completion of the sale, the chief financial officer now directly owns 152,008 shares of the company’s stock, valued at approximately $4,113,336.48. The disclosure for this sale can be found here. Insiders have sold 281,332 shares of company stock worth $7,644,903 in the last ninety days. Company insiders own 0.35% of the company’s stock.

Marathon Oil Stock Up 1.0 %

Marathon Oil stock traded up $0.25 during midday trading on Friday, hitting $26.34. 9,055,754 shares of the stock were exchanged, compared to its average volume of 9,206,166. Marathon Oil Co. has a 52-week low of $21.63 and a 52-week high of $30.06. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $27.03 and its 200-day moving average price is $25.43. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 10.88 and a beta of 2.22.

Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Marathon Oil had a return on equity of 13.22% and a net margin of 21.83%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. On average, research analysts expect that Marathon Oil Co. will post 2.83 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is presently 18.18%.

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.