Marathon Oil Corp. (MRO) Shares Sold by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX cut its position in shares of Marathon Oil Corp. (NYSE:MRO) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 216,335 shares of the company’s stock after selling 3,079 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Marathon Oil Corp. were worth $3,420,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners purchased a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $109,519,000. FMR LLC raised its stake in shares of Marathon Oil Corp. by 60.4% in the second quarter. FMR LLC now owns 17,566,438 shares of the company’s stock worth $263,671,000 after buying an additional 6,615,551 shares during the period. Third Point LLC purchased a new stake in shares of Marathon Oil Corp. during the second quarter worth approximately $60,040,000. Vanguard Group Inc. raised its stake in shares of Marathon Oil Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 77,741,849 shares of the company’s stock worth $1,166,906,000 after buying an additional 3,643,905 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Marathon Oil Corp. by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 9,360,121 shares of the company’s stock valued at $140,496,000 after buying an additional 2,666,129 shares during the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Marathon Oil Corp. (NYSE:MRO) traded down 3.80% on Tuesday, hitting $14.95. The stock had a trading volume of 20,297,974 shares. The company’s market capitalization is $12.67 billion. The firm has a 50-day moving average of $14.78 and a 200 day moving average of $14.57. Marathon Oil Corp. has a 1-year low of $6.52 and a 1-year high of $17.69.
Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. Marathon Oil Corp. had a negative net margin of 32.98% and a negative return on equity of 4.91%. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned ($0.20) EPS. Marathon Oil Corp.’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Oil Corp. will post ($0.91) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. Marathon Oil Corp.’s dividend payout ratio is -9.26%.
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Several analysts recently issued reports on the company. Zacks Investment Research lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Canaccord Genuity reiterated a “hold” rating and set a $16.00 target price on shares of Marathon Oil Corp. in a report on Thursday, November 3rd. Bank of America Corp. reiterated a “buy” rating on shares of Marathon Oil Corp. in a report on Thursday, November 3rd. Deutsche Bank AG reiterated a “buy” rating on shares of Marathon Oil Corp. in a report on Friday, November 4th. Finally, Barclays PLC upped their target price on Marathon Oil Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.67.
About Marathon Oil Corp.
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
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