Banco de Sabadell S.A increased its stake in shares of Marathon Oil Co. (NYSE:MRO) by 91.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,548 shares of the oil and gas producer’s stock after acquiring an additional 26,522 shares during the quarter. Banco de Sabadell S.A’s holdings in Marathon Oil were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of MRO. Penserra Capital Management LLC bought a new position in Marathon Oil during the 1st quarter worth approximately $102,000. First Mercantile Trust Co. bought a new position in Marathon Oil during the 2nd quarter worth approximately $111,000. Summit Trail Advisors LLC grew its position in Marathon Oil by 1,935.8% during the 1st quarter. Summit Trail Advisors LLC now owns 128,030 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 121,741 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Marathon Oil by 146.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after acquiring an additional 4,144 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in Marathon Oil during the 1st quarter worth approximately $147,000. Institutional investors and hedge funds own 80.60% of the company’s stock.
Shares of MRO stock opened at $20.67 on Friday. The company has a market capitalization of $17.54 billion, a PE ratio of -54.39, a price-to-earnings-growth ratio of 1.59 and a beta of 2.39. Marathon Oil Co. has a fifty-two week low of $11.83 and a fifty-two week high of $22.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Marathon Oil had a positive return on equity of 2.25% and a negative net margin of 3.03%. Marathon Oil’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) earnings per share. research analysts forecast that Marathon Oil Co. will post 0.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. Marathon Oil’s dividend payout ratio is currently -52.63%.
Several equities analysts recently issued reports on the company. Seaport Global Securities restated a “buy” rating on shares of Marathon Oil in a research report on Friday, September 7th. Stifel Nicolaus set a $21.00 price target on Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Morgan Stanley assumed coverage on Marathon Oil in a research report on Thursday, July 12th. They set an “equal weight” rating and a $23.00 price target on the stock. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 4th. Finally, Tudor Pickering upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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.
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