Mcdonald Partners LLC Makes New Investment in Marathon Oil Co. (NYSE:MRO)


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Mcdonald Partners LLC bought a new position in shares of Marathon Oil Co. (NYSE:MRO) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,726 shares of the oil and gas producer’s stock, valued at approximately $115,000.

Other institutional investors have also modified their holdings of the company. Eudaimonia Partners LLC bought a new position in Marathon Oil during the 3rd quarter worth about $176,000. Vantage Consulting Group Inc purchased a new stake in shares of Marathon Oil during the fourth quarter worth approximately $25,000. Perigon Wealth Management LLC purchased a new position in shares of Marathon Oil during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its holdings in shares of Marathon Oil by 46.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,936 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,559 shares during the period. Finally, CI Investments Inc. acquired a new stake in shares of Marathon Oil during the fourth quarter worth $39,000. Institutional investors own 67.11% of the company’s stock.

In other news, VP Michael A. Henderson sold 20,938 shares of Marathon Oil stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $12.55, for a total value of $262,771.90. Following the completion of the sale, the vice president now directly owns 223,349 shares of the company’s stock, valued at approximately $2,803,029.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lee M. Tillman sold 67,500 shares of the firm’s stock in a transaction on Monday, April 12th. The stock was sold at an average price of $11.08, for a total value of $747,900.00. Following the completion of the transaction, the chief executive officer now owns 1,270,512 shares in the company, valued at $14,077,272.96. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

MRO has been the subject of a number of recent analyst reports. Truist raised Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, January 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Marathon Oil from $9.00 to $12.00 in a research report on Tuesday, March 23rd. Mizuho upgraded Marathon Oil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.00 to $11.00 in a report on Tuesday, January 12th. Smith Barney Citigroup lifted their price target on Marathon Oil from $6.00 to $9.00 in a report on Wednesday, January 13th. Finally, Siebert Williams Shank lowered Marathon Oil from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research note on Thursday, March 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.96.

Shares of NYSE:MRO opened at $10.11 on Wednesday. The business has a 50 day moving average price of $11.35 and a 200 day moving average price of $7.81. Marathon Oil Co. has a twelve month low of $3.73 and a twelve month high of $13.29. The company has a market cap of $7.97 billion, a price-to-earnings ratio of -7.02 and a beta of 3.36. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.50.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Sunday, February 21st. The oil and gas producer reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.08. The company had revenue of $830.00 million during the quarter, compared to the consensus estimate of $846.86 million. Marathon Oil had a negative return on equity of 6.64% and a negative net margin of 32.64%. The company’s quarterly revenue was down 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Analysts anticipate that Marathon Oil Co. will post -1.26 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 17th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 16th. This represents a $0.12 annualized dividend and a dividend yield of 1.19%. Marathon Oil’s dividend payout ratio (DPR) is presently 16.00%.

About Marathon Oil

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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