IFM Investors Pty Ltd grew its stake in shares of Marathon Oil Co. (NYSE:MRO) by 78.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,830 shares of the oil and gas producer’s stock after acquiring an additional 42,560 shares during the quarter. IFM Investors Pty Ltd’s holdings in Marathon Oil were worth $1,188,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. River Wealth Advisors LLC increased its holdings in shares of Marathon Oil by 3.8% during the second quarter. River Wealth Advisors LLC now owns 20,973 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 765 shares in the last quarter. OLD National Bancorp IN boosted its position in Marathon Oil by 5.0% in the second quarter. OLD National Bancorp IN now owns 17,990 shares of the oil and gas producer’s stock valued at $255,000 after buying an additional 852 shares during the last quarter. Sanders Morris Harris LLC boosted its position in Marathon Oil by 3.4% in the second quarter. Sanders Morris Harris LLC now owns 30,000 shares of the oil and gas producer’s stock valued at $426,000 after buying an additional 1,000 shares during the last quarter. Moors & Cabot Inc. boosted its position in Marathon Oil by 7.1% in the third quarter. Moors & Cabot Inc. now owns 16,413 shares of the oil and gas producer’s stock valued at $198,000 after buying an additional 1,082 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Marathon Oil by 5.4% in the third quarter. Wetherby Asset Management Inc. now owns 21,297 shares of the oil and gas producer’s stock valued at $261,000 after buying an additional 1,085 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.
Marathon Oil stock traded down $0.03 during mid-day trading on Friday, hitting $12.53. The company had a trading volume of 15,501,400 shares, compared to its average volume of 10,476,142. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. Marathon Oil Co. has a 12-month low of $11.06 and a 12-month high of $19.30. The company’s fifty day moving average is $11.94 and its 200-day moving average is $13.37. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.66 and a beta of 2.26.
Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.10. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was down 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that Marathon Oil Co. will post 0.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 1.60%. Marathon Oil’s dividend payout ratio is presently 28.17%.
MRO has been the topic of a number of recent research reports. ValuEngine upgraded Marathon Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Tudor Pickering lowered Marathon Oil from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, September 24th. Wells Fargo & Co upped their target price on Marathon Oil from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Citigroup initiated coverage on Marathon Oil in a research report on Monday, September 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Marathon Oil from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Marathon Oil presently has an average rating of “Buy” and an average target price of $20.24.
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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