Charles Schwab Investment Management Inc. Acquires 19,566 Shares of Marathon Oil Co. (NYSE:MRO)

Charles Schwab Investment Management Inc. lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,267,506 shares of the oil and gas producer’s stock after purchasing an additional 19,566 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of Marathon Oil worth $140,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Marathon Oil by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 815,085 shares of the oil and gas producer’s stock worth $23,100,000 after purchasing an additional 23,323 shares during the period. Bayesian Capital Management LP bought a new position in Marathon Oil during the first quarter worth $788,000. Janus Henderson Group PLC lifted its stake in shares of Marathon Oil by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,225,585 shares of the oil and gas producer’s stock valued at $63,073,000 after purchasing an additional 121,130 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Marathon Oil by 560.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,003,375 shares of the oil and gas producer’s stock worth $28,436,000 after buying an additional 851,443 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Marathon Oil by 43.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 25,847 shares of the oil and gas producer’s stock valued at $691,000 after purchasing an additional 7,822 shares during the period. Institutional investors own 77.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Scotiabank boosted their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 10th. StockNews.com started coverage on Marathon Oil in a report on Saturday. They issued a “buy” rating for the company. Truist Financial lowered their target price on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Susquehanna reduced their price objective on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.94.

Insider Buying and Selling

In other Marathon Oil news, CEO Lee M. Tillman sold 256,591 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $29.07, for a total transaction of $7,459,100.37. Following the sale, the chief executive officer now directly owns 596,330 shares in the company, valued at approximately $17,335,313.10. The trade was a 30.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Wagner sold 36,094 shares of Marathon Oil stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $28.84, for a total value of $1,040,950.96. Following the sale, the insider now owns 104,735 shares of the company’s stock, valued at approximately $3,020,557.40. This represents a 25.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 382,693 shares of company stock worth $10,964,251. Company insiders own 0.35% of the company’s stock.

Marathon Oil Stock Performance

Shares of MRO stock opened at $28.55 on Monday. The stock has a market cap of $15.97 billion, a PE ratio of 12.25 and a beta of 2.16. Marathon Oil Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The business has a 50-day simple moving average of $27.62 and a 200-day simple moving average of $27.64. 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) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. On average, equities analysts expect that Marathon Oil Co. will post 2.34 EPS for the current year.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 15th. Marathon Oil’s dividend payout ratio is currently 18.88%.

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.