Oppenheimer & Co. Inc. lowered its position in shares of Marathon Oil Co. (NYSE:MRO) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,002 shares of the oil and gas producer’s stock after selling 793 shares during the period. Oppenheimer & Co. Inc.’s holdings in Marathon Oil were worth $441,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in Marathon Oil by 4.6% during the 1st quarter. Nordea Investment Management AB now owns 497,723 shares of the oil and gas producer’s stock worth $8,319,000 after buying an additional 21,957 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Marathon Oil by 36.3% in the second quarter. Valeo Financial Advisors LLC now owns 11,406 shares of the oil and gas producer’s stock valued at $162,000 after acquiring an additional 3,040 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Marathon Oil by 14.9% during the second quarter. Janney Montgomery Scott LLC now owns 37,616 shares of the oil and gas producer’s stock worth $535,000 after acquiring an additional 4,885 shares during the last quarter. Rational Advisors LLC grew its position in shares of Marathon Oil by 268.8% during the second quarter. Rational Advisors LLC now owns 1,763 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Neuburgh Advisers LLC increased its holdings in shares of Marathon Oil by 15.0% in the 1st quarter. Neuburgh Advisers LLC now owns 521,764 shares of the oil and gas producer’s stock valued at $8,719,000 after acquiring an additional 68,000 shares during the period. Institutional investors and hedge funds own 82.92% of the company’s stock.
MRO has been the subject of several research reports. Evercore ISI set a $21.00 price target on shares of Marathon Oil and gave the company a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada set a $21.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Friday, August 9th. TheStreet downgraded Marathon Oil from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th. ValuEngine raised Marathon Oil from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Seaport Global Securities restated a “buy” rating on shares of Marathon Oil in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.06.
NYSE:MRO traded up $0.31 during trading hours on Wednesday, reaching $13.14. 328,023 shares of the company traded hands, compared to its average volume of 10,032,402. The firm’s 50-day moving average is $12.65 and its 200-day moving average is $14.83. The stock has a market cap of $10.42 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.34 and a beta of 2.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.09 and a quick ratio of 1.06. Marathon Oil Co. has a 1-year low of $11.39 and a 1-year high of $24.20.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.15 earnings per share. Marathon Oil’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts predict that Marathon Oil Co. will post 0.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Tuesday, August 20th. Marathon Oil’s payout ratio is currently 28.17%.
Marathon Oil Company Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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