Atria Investments Inc Has $279,000 Stake in Marathon Oil Co. (NYSE:MRO)

Atria Investments Inc lowered its holdings in Marathon Oil Co. (NYSE:MRO) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,485 shares of the oil and gas producer’s stock after selling 824 shares during the quarter. Atria Investments Inc’s holdings in Marathon Oil were worth $279,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Gradient Investments LLC increased its position in Marathon Oil by 1.9% in the second quarter. Gradient Investments LLC now owns 22,829 shares of the oil and gas producer’s stock worth $655,000 after purchasing an additional 428 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Marathon Oil by 1.9% during the third 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 lifted its holdings 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 during the period. Catalina Capital Group LLC boosted its stake 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 grew its holdings in Marathon Oil by 100.0% during the 2nd 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 during the period. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Price Performance

Marathon Oil stock opened at $28.55 on Friday. The company has a market capitalization of $15.97 billion, a PE ratio of 12.22 and a beta of 2.16. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $27.62. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. Marathon Oil’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Marathon Oil Co. will post 2.34 EPS for the current year.

Marathon Oil Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is presently 18.88%.

Insider Buying and Selling

In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The trade was a 34.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $27.21, for a total value of $1,033,980.00. Following the completion of the transaction, the vice president now owns 76,828 shares in the company, valued at $2,090,489.88. This represents a 33.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 382,693 shares of company stock valued at $10,964,251 over the last quarter. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MRO. Susquehanna decreased their price objective on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Scotiabank upped their price target on Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Barclays reduced their price objective on shares of Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. UBS Group decreased their price objective on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Finally, Piper Sandler cut their target price on shares of Marathon Oil from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.94.

About Marathon Oil

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.