Marathon Oil Co. (NYSE:MRO) Stock Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Marathon Oil Co. (NYSE:MRO) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,215,839 shares of the oil and gas producer’s stock after buying an additional 45,758 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.40% of Marathon Oil worth $59,008,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Marathon Oil by 14.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 786,927 shares of the oil and gas producer’s stock valued at $20,956,000 after acquiring an additional 98,483 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Marathon Oil by 2.5% during the third quarter. Glenmede Trust Co. NA now owns 29,588 shares of the oil and gas producer’s stock worth $788,000 after buying an additional 725 shares in the last quarter. Townsquare Capital LLC grew its position in Marathon Oil by 15.5% in the third quarter. Townsquare Capital LLC now owns 15,584 shares of the oil and gas producer’s stock worth $415,000 after buying an additional 2,090 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Marathon Oil in the third quarter valued at $75,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Marathon Oil during the 3rd quarter valued at $692,000. Institutional investors own 77.24% of the company’s stock.

Wall Street Analyst Weigh In

MRO has been the topic of a number of analyst reports. StockNews.com initiated coverage on Marathon Oil in a research note on Sunday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price 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. Piper Sandler reduced their price target on shares of Marathon Oil from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Finally, UBS Group reduced their target price on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Oil currently has a consensus rating of “Moderate Buy” and an average price target of $30.94.

Marathon Oil Stock Performance

Shares of MRO opened at $28.55 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 0.40. Marathon Oil Co. has a 12 month low of $21.81 and a 12 month high of $30.06. The company’s fifty day moving average is $27.74 and its 200-day moving average is $27.73. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 12.25 and a beta of 2.16.

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

Marathon Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.54%. Marathon Oil’s dividend payout ratio (DPR) is currently 18.88%.

Insiders Place Their Bets

In other 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 value 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 trade was a 33.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 36,094 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $28.84, for a total transaction of $1,040,950.96. Following the completion of the transaction, the insider now owns 104,735 shares in the company, valued at $3,020,557.40. The trade was a 25.63 % decrease in their ownership of the stock. 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 90 days. 0.35% of the stock is currently owned by company insiders.

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.