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Truist Financial Corp reduces its stake in Marathon Oil Co. (NYSE:MRO)

Truist Financial Corp reduces its stake in Marathon Oil Co. (NYSE:MRO)

The most recent filing that Trust Financial Corporation made with the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in Marathon Oil Company (NYSE: MRO) were reduced by 13.0%. The fund was left with 108,428 shares of the oil and gas producer’s stock after selling 16,179 shares throughout the period in question. The most recent disclosure that Trust Financial Corporation made with the SEC indicated that the value of its shares in Marathon Oil was $2,448,000. Trust Financial Corporation provided this information.

In recent transactions, shares of the company’s stock have been bought and sold by several other institutional investors, including hedge funds. The amount of thirty thousand dollars was spent in total by Ronald Blue Trust Inc. during the second quarter on the purchase of a new position at Marathon Oil. Brown Brothers Harriman & Co. increased the amount of Marathon Oil shares it held by 90.6% over the first three months of the year. As a result of the purchase of 647 additional shares during the most recent quarter, Brown Brothers Harriman & Co. now has a total of 1,361 shares of the oil and gas producer’s stock, which has a value of $34,000. This brings the total number of shares that the company owns to 1,361. Covestor Ltd. increased the amount of Marathon Oil stock owned by 76.6% during the first three months of the year, bringing its total ownership percentage to 100%. After purchasing an additional 619 shares during the most recent quarter, Covestor Ltd. now owns 1,427 shares of the oil and gas producer’s stock, which is $36,000. These shares were acquired during the most recent quarter. High Net Worth Advisory Group, LLC doubled the size of its position in Marathon Oil over the first three months of 2018. High Net Worth Advisory Group LLC now has 1,500 shares of the oil and gas producer’s stock, which is currently valued at $38,000 after purchasing an additional 500 shares during the most recent quarter. This brings the total number of shares that the company owns to 1,500. During the second quarter of the fiscal year, CX Institutional invested $34,000 in new investment in Marathon Oil. This was the last investment to be discussed. Institutional investors and hedge funds own 77% of the company.

On Tuesday, November 8, Vice President Michael A. Henderson completed the sale of 80,000 shares of the company’s stock. This development is relevant to the discussion because it relates to the topic. A total transaction volume of $2,604,800.00 was generated due to the stock sale, and the average selling price per share was determined to be $32.56. As a direct result of the transaction, the vice president now directly owns 105,250 shares of the company, which have an approximate value of $3,426,940he discussion because it relates to the topic at hand. A total transaction volume of $2,604,800.00 was generated due to the stock sale, and the average selling price per share was determined to be $32.56. As a direct result of the transaction, the vice president now directly owns 105,250 shares of the company, which have an approximate value of $3,426,940. If you follow the link, which takes you to a document submitted to the SEC, you can acquire additional information regarding the transaction. On November 4, the Chief Administrative Officer of Marathon Oil, Rob L. White, completed a transaction in which he sold 2,000 shares of the company’s stock. This is another piece of news concerning headlines relating to Marathon Oil. Revenue was generated from the sale of a total of $64,620.00 worth of stock, which was transacted at an average price of $32.31 per share. Following the completion of the transaction, the chief accounting officer will have a total of 41,377 shares in the company, which are currently valued at a total of $1,336,890.87. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. Michael A. Henderson also completed the sale of 80,000 of the company’s shares on the same day, November 8. A total transaction volume of $2,604,800.00 was generated due to the stock sale, and the average selling price per share was determined to be $32.56. After the completion of the transaction, the vice president will become the owner of 105,250 shares in the company. These shares have a value of approximately $3,426,940. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders were responsible for selling a total of 419,601 shares of company stock with a value of $13,493,768 over the previous ninety days. The company’s insiders hold ownership of 0.52% of the total number of shares outstanding.

On Monday, shares of Marathon Oil were offered for sale to the general public for the first time for $27.08. The debt-to-equity ratio is calculated to be 0.32, the current ratio is calculated to be 1.08, and the quick ratio is calculated to be 1.04 respectively. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 0.28, and a beta value of 2.43. The ratio of price growth to earnings growth is also 5.20. The stock is currently trading at $28.70, above both the 50-day and the 200-day moving averages, each sitting at $26.33, respectively. The Marathon Oil Company reached its one-year high of $33.42 and its one-year low of $17.01 last year.

On November 2, the most recent quarterly earnings report was made public for Marathon Oil, a company that trades on the New York Stock Exchange (NYSE) under the MRO symbol. The oil and gas company’s earnings per share for the quarter came in at $1.24, which was $0.05 higher than the consensus estimate of $1.19 that the analysts provided. The net margin for Marathon Oil came in at 46.11 percent, and the company’s return on equity was 27.76 percent. The company’s quarterly revenue of $2.25 billion far surpassed analysts’ projections of $2.07 billion in sales for the period in question, indicating that the company is performing exceptionally well financially. Sell-side analysts forecast that Marathon Oil Company will bring in revenue equal to $4.51 per share during the current fiscal year.

In addition, the company announced that it would be paying a quarterly dividend, which was then paid out and distributed on December 12. On Wednesday, November 16, dividend payments were made to stockholders who were already on record and received $0.09 per share. These payments were distributed to stockholders. This equates to an annual dividend payment of $0.36, which results in a yield of 1.33% for the investment. Because Marathon Oil’s most recent quarterly dividend was $0.08, we can see that this amount represents an increase from that payout. The dividend was paid to shareholders on November 15, a Tuesday that month. Currently, the dividend payout ratio (DPR) for Marathon Oil is at 6.91%.

The MRO stock being followed by several analysts at this time has recently been the subject of reports that those analysts have released. In a report published on November 28, Raymond James raised their “strong-buy” rating and price objective on Marathon Oil from $37.00 to $40.00. Additionally, the price objective remained the same. The Goldman Sachs Group changed their rating of Marathon Oil from “sell” to “neutral” in a report distributed on November 23, and they increased their price objective from $27.00 to $30.00. On January 5 of this year, Evercore ISI expanded its coverage to incorporate Marathon Oil. They recommended that investors “outperform” the stock. Piper Sandler lowered their price target for Marathon Oil from $42.00 to $40.00 and removed the “overweight” rating they had previously assigned to the company. These two alterations were brought to light in a Friday report distributed to the public. Royal Bank of Canada increased their price target on shares of Marathon Oil from $35.00 to $38.00 and upgraded the company’s rating from “outperform” to “strong buy” in a research report published on Monday, November 7. The following are some of the recommendations that stock analysts working for investment companies have made regarding the stock: Sell at two, hold at seven, buy at nine, and strongly buy at one. On the website Bloomberg.com, the stock of Marathon Oil is presently assigned a rating of “Hold,” with a price target agreed upon by the community to be $33.38.

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