Meiji Yasuda Asset Management Co Ltd. Has $228,000 Holdings in Marathon Oil Co. (NYSE:MRO)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in Marathon Oil Co. (NYSE:MRO) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,950 shares of the oil and gas producer’s stock after selling 540 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Marathon Oil were worth $228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in shares of Marathon Oil by 4.8% during the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after acquiring an additional 415 shares during the period. Wahed Invest LLC boosted its holdings in Marathon Oil by 4.2% during the fourth quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock valued at $249,000 after purchasing an additional 419 shares in the last quarter. Gradient Investments LLC grew its stake 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 during the period. Trueblood Wealth Management LLC raised its holdings in shares of Marathon Oil by 4.8% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,559 shares of the oil and gas producer’s stock worth $271,000 after buying an additional 439 shares in the last quarter. Finally, Argent Capital Management LLC lifted its position in shares of Marathon Oil by 0.5% during the 1st quarter. Argent Capital Management LLC now owns 87,563 shares of the oil and gas producer’s stock worth $2,482,000 after buying an additional 441 shares during the period. 77.24% of the stock is owned by institutional investors.

Marathon Oil Stock Up 0.1 %

Shares of NYSE:MRO opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 11.54 and a beta of 2.16. The company has a 50 day moving average of $27.67 and a 200-day moving average of $27.58. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). Marathon Oil had a return on equity of 13.81% and a net margin of 22.12%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $0.48 EPS. Marathon Oil’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Oil Co. will post 2.7 earnings per share for the current year.

Marathon Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.58%. The ex-dividend date was Wednesday, August 21st. Marathon Oil’s payout ratio is 18.18%.

Insiders Place Their Bets

In related news, VP Michael A. Henderson sold 38,000 shares of the 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 sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction dated 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 transaction, the insider now directly owns 100,000 shares in the company, valued at $2,750,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Henderson sold 38,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $27.21, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

MRO has been the subject of several recent analyst reports. Scotiabank dropped their price objective on Marathon Oil from $29.00 to $27.61 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Susquehanna dropped their target price on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Capital One Financial downgraded shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. StockNews.com initiated coverage on shares of Marathon Oil in a report on Friday. They set a “buy” rating for the company. Finally, Piper Sandler lifted their target price on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Nine 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.65.

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.