NorthRock Partners LLC Has $302,000 Stock Holdings in Marathon Oil Co. (NYSE:MRO)

NorthRock Partners LLC cut its position in shares of Marathon Oil Co. (NYSE:MRO) by 4.9% during the 1st quarter, Holdings Channel reports. The firm owned 10,658 shares of the oil and gas producer’s stock after selling 554 shares during the quarter. NorthRock Partners LLC’s holdings in Marathon Oil were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sei Investments Co. grew its stake in Marathon Oil by 36.7% in the 1st quarter. Sei Investments Co. now owns 535,994 shares of the oil and gas producer’s stock valued at $15,193,000 after buying an additional 143,912 shares during the last quarter. 49 Wealth Management LLC grew its stake in Marathon Oil by 11.8% in the 1st quarter. 49 Wealth Management LLC now owns 12,993 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 1,370 shares during the last quarter. KCM Investment Advisors LLC acquired a new position in Marathon Oil in the 1st quarter valued at about $227,000. Illinois Municipal Retirement Fund grew its stake in Marathon Oil by 4.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 389,154 shares of the oil and gas producer’s stock valued at $11,029,000 after buying an additional 16,134 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Marathon Oil by 5.9% in the 1st quarter. Empowered Funds LLC now owns 408,387 shares of the oil and gas producer’s stock valued at $11,574,000 after purchasing an additional 22,766 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Marathon Oil Trading Up 1.0 %

NYSE MRO traded up $0.29 on Monday, hitting $28.74. The company’s stock had a trading volume of 4,886,205 shares, compared to its average volume of 9,539,134. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 0.41. Marathon Oil Co. has a 1-year low of $21.81 and a 1-year high of $30.06. The company’s 50-day moving average is $27.62 and its 200 day moving average is $26.11. The firm has a market cap of $16.21 billion, a PE ratio of 11.88 and a beta of 2.19.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company posted $0.67 earnings per share. Marathon Oil’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts predict that Marathon Oil Co. will post 2.87 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Marathon Oil from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. Piper Sandler upped their price target on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Scotiabank downgraded shares of Marathon Oil from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $45.00 to $29.00 in a report on Friday. Morgan Stanley increased their price objective on shares of Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Truist Financial dropped their price objective on shares of Marathon Oil from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Oil currently has a consensus rating of “Moderate Buy” and an average target price of $31.97.

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.