Slotnik Capital LLC Purchases Shares of 1,422,368 Marathon Oil Co. (NYSE:MRO)

Slotnik Capital LLC bought a new stake in Marathon Oil Co. (NYSE:MRO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,422,368 shares of the oil and gas producer’s stock, valued at approximately $40,779,000. Marathon Oil comprises approximately 20.0% of Slotnik Capital LLC’s portfolio, making the stock its largest position. Slotnik Capital LLC owned about 0.25% of Marathon Oil as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in Marathon Oil by 4.8% in 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 last quarter. Wahed Invest LLC grew its stake in shares of Marathon Oil by 4.2% in the fourth quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after purchasing an additional 419 shares during the last quarter. Gradient Investments LLC raised its position in Marathon Oil by 1.9% during 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 last quarter. Trueblood Wealth Management LLC lifted its holdings in 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 during the period. Finally, Argent Capital Management LLC grew its position in shares of Marathon Oil by 0.5% in 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 last quarter. 77.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Mizuho dropped their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $29.00 price objective (down from $38.00) on shares of Marathon Oil in a report on Friday, May 31st. Finally, Citigroup decreased their target price on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Nine investment 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.65.

Marathon Oil Stock Down 0.6 %

Shares of Marathon Oil stock opened at $27.77 on Tuesday. The company has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $27.63. The stock has a market capitalization of $15.66 billion, a PE ratio of 11.48 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 company has a debt-to-equity ratio of 0.41, a quick ratio of 0.52 and a current ratio of 0.57.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share 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 firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Marathon Oil’s revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Co. will post 2.7 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. Marathon Oil’s dividend payout ratio (DPR) is presently 18.18%.

Insider Buying and Selling

In other news, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were 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 directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total value of $1,430,220.00. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.