Cambridge Investment Research Advisors Inc. boosted its position in Marathon Oil Co. (NYSE:MRO) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,416 shares of the oil and gas producer’s stock after purchasing an additional 10,024 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Marathon Oil were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in Marathon Oil in the 2nd quarter worth $122,000. JFS Wealth Advisors LLC grew its holdings in Marathon Oil by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 2,693 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of Marathon Oil during the 2nd quarter valued at about $149,000. Zweig DiMenna Associates LLC bought a new stake in shares of Marathon Oil during the 2nd quarter valued at about $150,000. Finally, Glenview Trust Co boosted its stake in shares of Marathon Oil by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.
Shares of Marathon Oil Co. (NYSE:MRO) traded up $0.29 on Thursday, hitting $14.74. 7,961,454 shares of the stock traded hands, compared to its average volume of 13,397,731. Marathon Oil Co. has a 1-year low of $10.55 and a 1-year high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. equities research analysts predict that Marathon Oil Co. will post -0.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s payout ratio is presently -7.81%.
Several brokerages have issued reports on MRO. KLR Group reissued a “buy” rating and set a $23.00 price objective (up from $21.00) on shares of Marathon Oil in a report on Wednesday, August 9th. Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a report on Tuesday. BidaskClub lowered shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Jefferies Group restated a “hold” rating and set a $14.00 target price (up from $13.00) on shares of Marathon Oil in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Marathon Oil in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.90.
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About Marathon Oil
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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