Flinton Capital Management LLC Has $2.12 Million Position in Marathon Oil Co. (MRO)

Flinton Capital Management LLC increased its position in shares of Marathon Oil Co. (NYSE:MRO) by 143.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,836 shares of the oil and gas producer’s stock after purchasing an additional 60,032 shares during the period. Flinton Capital Management LLC’s holdings in Marathon Oil were worth $2,124,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Marathon Oil by 0.7% during the first quarter. Wells Fargo & Company MN now owns 2,180,732 shares of the oil and gas producer’s stock worth $35,175,000 after buying an additional 14,543 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Marathon Oil by 40.2% during the first quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 2,829 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Marathon Oil by 7.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 245,222 shares of the oil and gas producer’s stock worth $3,955,000 after buying an additional 17,366 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Marathon Oil by 1,188.5% during the first quarter. Victory Capital Management Inc. now owns 173,032 shares of the oil and gas producer’s stock worth $2,791,000 after buying an additional 159,603 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Marathon Oil by 23.7% during the first quarter. M&T Bank Corp now owns 95,143 shares of the oil and gas producer’s stock worth $1,534,000 after buying an additional 18,247 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

MRO stock opened at $20.52 on Friday. The stock has a market capitalization of $17.53 billion, a P/E ratio of 64.13, a P/E/G ratio of 1.62 and a beta of 2.39. Marathon Oil Co. has a 52 week low of $11.09 and a 52 week high of $22.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 1.45.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned ($0.24) EPS. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. sell-side analysts predict that Marathon Oil Co. will post 0.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, August 14th. Marathon Oil’s dividend payout ratio is presently -52.63%.

A number of research firms recently commented on MRO. Stifel Nicolaus set a $21.00 price target on Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, August 29th. Barclays began coverage on Marathon Oil in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $25.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.80 price target on shares of Marathon Oil in a research note on Wednesday, August 15th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 31st. Finally, Mizuho began coverage on Marathon Oil in a research note on Monday, July 23rd. They issued a “neutral” rating and a $28.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $21.65.

About Marathon Oil

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 E&P and International E&P. 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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Marathon Oil (NYSE:MRO)

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