Vanguard Capital Wealth Advisors Sells 1,800 Shares of Marathon Oil Co. (NYSE:MRO)

Vanguard Capital Wealth Advisors trimmed its position in Marathon Oil Co. (NYSE:MRO) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 16,000 shares of the oil and gas producer’s stock after selling 1,800 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Marathon Oil were worth $453,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MRO. Riverview Trust Co purchased a new position in Marathon Oil in the first quarter worth $27,000. Fortis Group Advisors LLC raised its position in Marathon Oil by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,236 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 618 shares during the period. Manchester Capital Management LLC bought a new position in shares of Marathon Oil during the 4th quarter valued at approximately $31,000. Scarborough Advisors LLC bought a new position in shares of Marathon Oil during the 4th quarter valued at approximately $35,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Marathon Oil during the 4th quarter worth approximately $37,000. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Trading Up 0.3 %

Shares of MRO traded up $0.10 during mid-day trading on Friday, reaching $28.68. The company’s stock had a trading volume of 1,528,753 shares, compared to its average volume of 9,731,859. Marathon Oil Co. has a 52 week low of $21.81 and a 52 week high of $30.06. The stock has a market cap of $16.18 billion, a PE ratio of 11.81 and a beta of 2.17. The company’s fifty day moving average price is $27.31 and its two-hundred day moving average price is $25.75. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41.

Marathon Oil (NYSE:MRO) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Marathon Oil had a return on equity of 13.24% and a net margin of 21.83%. Marathon Oil’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. On average, analysts predict that Marathon Oil Co. will post 2.86 earnings per share for the current fiscal year.

Marathon Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, May 14th. Marathon Oil’s payout ratio is 18.18%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MRO shares. Benchmark reissued a “buy” rating and issued a $32.00 target price on shares of Marathon Oil in a research report on Friday, May 3rd. Piper Sandler increased their target price on shares of Marathon Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Morgan Stanley upped their price target on shares of Marathon Oil from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Truist Financial reduced their price objective on shares of Marathon Oil from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $33.00 price target on shares of Marathon Oil in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.86.

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.