ING Groep NV Has $27.66 Million Stock Holdings in Marathon Oil Co. (NYSE:MRO)

ING Groep NV trimmed its position in shares of Marathon Oil Co. (NYSE:MRO) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,038,812 shares of the oil and gas producer’s stock after selling 35,086 shares during the quarter. ING Groep NV owned 0.19% of Marathon Oil worth $27,664,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. HWG Holdings LP bought a new stake in shares of Marathon Oil in the second quarter worth about $26,000. Founders Capital Management raised 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 buying an additional 500 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Marathon Oil in the second quarter valued at approximately $29,000. Grove Bank & Trust increased its position in shares of Marathon Oil by 77.4% during the second quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 465 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Marathon Oil during the third quarter worth $36,000. Institutional investors own 77.24% of the company’s stock.

Insiders Place Their Bets

In other Marathon Oil 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 transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Marathon Oil news, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction that occurred on 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 directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dane E. Whitehead sold 52,008 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price target on shares of Marathon Oil from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Barclays dropped their price objective on shares of Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. UBS Group cut their price target on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lowered their price objective on Marathon Oil from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, Susquehanna reduced their target price on Marathon Oil from $39.00 to $37.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. 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. Based on data from MarketBeat.com, Marathon Oil currently has a consensus rating of “Moderate Buy” and an average target price of $31.12.

Marathon Oil Price Performance

MRO stock traded up $0.02 during midday trading on Thursday, reaching $28.64. 1,456,776 shares of the stock were exchanged, compared to its average volume of 7,981,750. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a quick ratio of 0.61. The stock has a market capitalization of $16.02 billion, a PE ratio of 12.38 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 fifty day moving average price of $27.29 and a 200 day moving average price of $27.54.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.77 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that Marathon Oil Co. will post 2.36 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 given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, November 15th. Marathon Oil’s dividend payout ratio is currently 18.88%.

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.