Sagefield Capital LP Has $11.73 Million Stake in Marathon Oil Co. (NYSE:MRO)

Sagefield Capital LP boosted its position in shares of Marathon Oil Co. (NYSE:MRO) by 35.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,258 shares of the oil and gas producer’s stock after buying an additional 106,743 shares during the period. Marathon Oil makes up approximately 1.2% of Sagefield Capital LP’s investment portfolio, making the stock its 23rd largest position. Sagefield Capital LP owned about 0.07% of Marathon Oil worth $11,733,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Marathon Oil during the first quarter worth about $27,000. Benjamin Edwards Inc. grew its stake in Marathon Oil by 226.0% during the first quarter. Benjamin Edwards Inc. now owns 978 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 678 shares in the last quarter. Founders Capital Management grew 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 buying an additional 500 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Marathon Oil during the second quarter worth about $29,000. Finally, Grove Bank & Trust boosted its stake in shares of Marathon Oil by 77.4% in the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Oil

In other news, 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 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 approximately $2,090,489.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 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 approximately $2,090,489.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dane E. Whitehead sold 52,008 shares of the firm’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 sale, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marathon Oil Stock Down 0.6 %

Marathon Oil stock opened at $27.77 on Tuesday. 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 Co. has a 52-week low of $21.81 and a 52-week high of $30.06. The firm has a 50 day moving average price of $27.65 and a two-hundred day moving average price of $27.63. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 11.48 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Marathon Oil Co. will post 2.7 EPS for the current year.

Marathon Oil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price target 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. Capital One Financial downgraded shares of Marathon Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. StockNews.com assumed coverage on shares of Marathon Oil in a research note on Friday. They issued a “buy” rating on the stock. Susquehanna reduced their price target on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Finally, Scotiabank reduced their price target on shares of Marathon Oil from $29.00 to $27.61 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Nine research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.65.

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.