Quadrature Capital Ltd Acquires Shares of 283,177 Marathon Oil Co. (NYSE:MRO)

Quadrature Capital Ltd purchased a new stake in Marathon Oil Co. (NYSE:MROFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 283,177 shares of the oil and gas producer’s stock, valued at approximately $6,837,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MRO. NBC Securities Inc. purchased a new stake in Marathon Oil during the 3rd quarter valued at approximately $27,000. Manchester Capital Management LLC acquired a new stake in shares of Marathon Oil in the 4th quarter worth $31,000. Anchor Investment Management LLC purchased a new stake in shares of Marathon Oil in the fourth quarter valued at about $37,000. Central Bank & Trust Co. acquired a new position in shares of Marathon Oil during the fourth quarter worth about $41,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Marathon Oil during the fourth quarter worth about $48,000. 77.24% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Price Performance

Marathon Oil stock traded down $0.01 during midday trading on Friday, reaching $27.87. 6,630,200 shares of the company were exchanged, compared to its average volume of 11,565,075. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 11.52 and a beta of 2.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.55. The firm’s 50-day simple moving average is $27.58 and its 200-day simple moving average is $25.45. Marathon Oil Co. has a 1 year low of $21.81 and a 1 year high of $30.06.

Marathon Oil (NYSE:MROGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Marathon Oil had a net margin of 21.83% and a return on equity of 13.24%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, analysts anticipate that Marathon Oil Co. will post 2.83 EPS for the current year.

Marathon Oil Announces Dividend

The firm also recently declared 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 14th. Marathon Oil’s dividend payout ratio is presently 18.18%.

Insider Transactions at Marathon Oil

In other Marathon Oil news, CEO Lee M. Tillman sold 80,647 shares of Marathon Oil stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total value of $2,172,630.18. Following the completion of the sale, the chief executive officer now owns 596,330 shares in the company, valued at approximately $16,065,130.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Dane E. Whitehead sold 73,233 shares of Marathon Oil stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.06, for a total value of $1,981,684.98. Following the transaction, the chief financial officer now owns 152,008 shares in the company, valued at $4,113,336.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee M. Tillman sold 80,647 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total value 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 approximately $16,065,130.20. The disclosure for this sale can be found here. Insiders have sold 281,332 shares of company stock worth $7,644,903 over the last quarter. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MRO. Truist Financial lowered their price objective on Marathon Oil from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Barclays initiated coverage on Marathon Oil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 price objective for the company. Mizuho boosted their target price on shares of Marathon Oil from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday. Benchmark reissued a “buy” rating and set a $32.00 price objective on shares of Marathon Oil in a report on Friday, May 3rd. Finally, StockNews.com began coverage on shares of Marathon Oil in a report on Saturday. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.86.

Read Our Latest Research Report on Marathon Oil

Marathon Oil Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Co. (NYSE:MROFree Report).

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

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.