Tokio Marine Asset Management Co. Ltd. Has $629,000 Holdings in Marathon Oil Co. (NYSE:MRO)

Tokio Marine Asset Management Co. Ltd. grew its position in Marathon Oil Co. (NYSE:MRO) by 184.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,626 shares of the oil and gas producer’s stock after acquiring an additional 15,326 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marathon Oil were worth $629,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Comerica Bank raised its position in Marathon Oil by 15.0% in the first quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after purchasing an additional 22,526 shares during the last quarter. Point72 DIFC Ltd bought a new position in Marathon Oil in the 2nd quarter valued at approximately $6,673,000. Vanguard Group Inc. boosted its position in Marathon Oil by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 75,751,369 shares of the oil and gas producer’s stock worth $2,146,794,000 after buying an additional 6,835,604 shares during the period. Epoch Investment Partners Inc. grew its holdings in Marathon Oil by 25.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,839,607 shares of the oil and gas producer’s stock worth $52,134,000 after acquiring an additional 371,642 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Marathon Oil by 217.2% in the 1st quarter. Cetera Investment Advisers now owns 125,082 shares of the oil and gas producer’s stock valued at $3,545,000 after acquiring an additional 85,649 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, 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 transaction of $1,430,220.00. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $2,750,000. This trade represents a 34.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Henderson sold 38,000 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 76,828 shares in the company, valued at $2,090,489.88. The trade was a 33.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marathon Oil Stock Performance

Shares of MRO opened at $28.59 on Friday. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $27.56. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. 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 company has a market cap of $15.99 billion, a PE ratio of 12.27 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Marathon Oil had a return on equity of 12.80% and a net margin of 19.73%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Marathon Oil Co. will post 2.36 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.54%. Marathon Oil’s payout ratio is 18.88%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MRO shares. Mizuho cut their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Piper Sandler upped their price target on Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Citigroup decreased their price target on Marathon Oil from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Barclays cut their price objective on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Nine research 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.com, Marathon Oil presently has an average rating of “Moderate Buy” and an average price target of $31.12.

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.