Altshuler Shaham Ltd Sells 473 Shares of Marathon Oil Co. (NYSE:MRO)

Altshuler Shaham Ltd lessened its stake in shares of Marathon Oil Co. (NYSE:MRO) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,781 shares of the oil and gas producer’s stock after selling 473 shares during the quarter. Altshuler Shaham Ltd’s holdings in Marathon Oil were worth $43,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Gryphon Financial Partners LLC boosted its position in Marathon Oil by 53.1% during the fourth quarter. Gryphon Financial Partners LLC now owns 17,497 shares of the oil and gas producer’s stock worth $423,000 after purchasing an additional 6,066 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Marathon Oil by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,136,561 shares of the oil and gas producer’s stock worth $124,099,000 after buying an additional 18,125 shares during the period. Apollon Wealth Management LLC grew its stake in Marathon Oil by 2.4% in the 4th quarter. Apollon Wealth Management LLC now owns 25,656 shares of the oil and gas producer’s stock valued at $620,000 after buying an additional 603 shares during the last quarter. Lincoln National Corp lifted its position in Marathon Oil by 31.7% during the 4th quarter. Lincoln National Corp now owns 11,737 shares of the oil and gas producer’s stock worth $284,000 after acquiring an additional 2,824 shares during the last quarter. Finally, Fielder Capital Group LLC bought a new stake in Marathon Oil during the fourth quarter valued at about $261,000. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insiders Place Their Bets

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the company’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 sale, the insider now directly owns 140,829 shares of the company’s stock, valued at $3,893,921.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the sale, the chief executive officer now directly owns 596,330 shares of the company’s stock, valued at $16,065,130.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Wagner sold 36,094 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total transaction of $997,999.10. Following the sale, the insider now directly owns 140,829 shares in the company, valued at $3,893,921.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.35% of the stock is currently owned by insiders.

Marathon Oil Price Performance

NYSE:MRO traded down $0.07 during mid-day trading on Wednesday, hitting $26.98. The company’s stock had a trading volume of 6,676,815 shares, compared to its average volume of 9,753,813. Marathon Oil Co. has a fifty-two week low of $21.81 and a fifty-two week high of $30.06. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 11.15 and a beta of 2.22. The stock has a fifty day moving average of $27.19 and a 200-day moving average of $25.36.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share (EPS) 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 firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Marathon Oil Co. will post 2.84 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.63%. Marathon Oil’s dividend payout ratio is 18.18%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley increased their target price on Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Raymond James lowered their price objective 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. Truist Financial cut their target price 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. Piper Sandler raised their price target on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, StockNews.com raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.61.

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.