Dynamic Technology Lab Private Ltd bought a new stake in Marathon Oil Co. (NYSE:MRO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,212 shares of the oil and gas producer’s stock, valued at approximately $1,172,000.
Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in Marathon Oil in the 1st quarter worth approximately $102,000. First Mercantile Trust Co. bought a new position in Marathon Oil in the 2nd quarter worth approximately $111,000. Summit Trail Advisors LLC raised its position in Marathon Oil by 1,935.8% in the 1st quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 121,741 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Marathon Oil by 146.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 4,144 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in Marathon Oil in the 1st quarter worth approximately $147,000. Institutional investors own 80.77% of the company’s stock.
A number of analysts have commented on MRO shares. Tudor Pickering raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Friday, June 8th. ValuEngine raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 31st. Morgan Stanley started coverage on shares of Marathon Oil in a report on Thursday, July 12th. They set an “equal weight” rating and a $23.00 target price for the company. Finally, Stifel Nicolaus set a $21.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, August 29th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.65.
Shares of MRO stock opened at $20.52 on Monday. Marathon Oil Co. has a 12-month low of $11.09 and a 12-month high of $22.74. The firm has a market capitalization of $17.53 billion, a PE ratio of -54.00, a PEG ratio of 1.62 and a beta of 2.39. 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 announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the 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 firm 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. Marathon Oil’s quarterly revenue was up 33.8% on a year-over-year basis. equities analysts expect that Marathon Oil Co. will post 0.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, August 14th. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.
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 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.
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