Prime Capital Investment Advisors LLC Sells 7,209 Shares of Marathon Oil Co. (NYSE:MRO)

Prime Capital Investment Advisors LLC reduced its holdings in shares of Marathon Oil Co. (NYSE:MRO) by 37.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,932 shares of the oil and gas producer’s stock after selling 7,209 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Marathon Oil were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MRO. Gradient Investments LLC boosted its holdings in shares of Marathon Oil by 1.9% in the 2nd quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock valued at $655,000 after purchasing an additional 428 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Marathon Oil by 1.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 24,084 shares of the oil and gas producer’s stock worth $641,000 after buying an additional 454 shares during the last quarter. Grove Bank & Trust boosted its stake in Marathon Oil by 77.4% in the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. Catalina Capital Group LLC grew its position in Marathon Oil by 3.1% in the third quarter. Catalina Capital Group LLC now owns 16,533 shares of the oil and gas producer’s stock valued at $440,000 after acquiring an additional 495 shares during the last quarter. Finally, Founders Capital Management raised its stake in Marathon Oil by 100.0% during the second quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 500 shares in the last quarter. 77.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MRO shares. Scotiabank lifted their price target on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 10th. StockNews.com assumed coverage on shares of Marathon Oil in a report on Friday. They set a “buy” rating for the company. UBS Group cut their price objective on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Susquehanna lowered their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Finally, Truist Financial cut their price target on Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.12.

Insiders Place Their Bets

In related news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. The trade was a 34.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now owns 76,828 shares of the company’s stock, valued at $2,090,489.88. The trade was a 33.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Marathon Oil Trading Down 0.5 %

MRO opened at $28.59 on Friday. Marathon Oil Co. has a twelve month low of $21.81 and a twelve month high of $30.06. The company has a fifty day moving average of $27.36 and a 200-day moving average of $27.56. The stock has a market cap of $15.99 billion, a PE ratio of 12.27 and a beta of 2.16. 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 issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. On average, sell-side analysts predict that Marathon Oil Co. will post 2.36 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.88%.

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.