Marathon Oil Corporation (MRO) Shares Bought by Quantitative Investment Management LLC
Quantitative Investment Management LLC increased its stake in Marathon Oil Corporation (NYSE:MRO) by 24.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 581,800 shares of the oil and gas producer’s stock after purchasing an additional 115,900 shares during the quarter. Quantitative Investment Management LLC owned 0.07% of Marathon Oil Corporation worth $6,894,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Marathon Oil Corporation by 4,827.5% in the 1st quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after purchasing an additional 105,001,815 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Marathon Oil Corporation by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock valued at $8,693,000 after purchasing an additional 1,905 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Marathon Oil Corporation by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after purchasing an additional 1,341,589 shares in the last quarter. Buckingham Asset Management LLC purchased a new position in shares of Marathon Oil Corporation in the 2nd quarter valued at about $173,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Marathon Oil Corporation in the 2nd quarter valued at about $122,000. Institutional investors and hedge funds own 80.98% of the company’s stock.
A number of equities analysts have recently issued reports on MRO shares. Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and cut their price target for the company from $19.00 to $15.00 in a report on Wednesday, July 5th. Royal Bank Of Canada set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, June 2nd. Stephens started coverage on shares of Marathon Oil Corporation in a research note on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.33.
Marathon Oil Corporation (NYSE MRO) opened at 12.79 on Friday. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28. The stock’s 50 day moving average is $11.58 and its 200 day moving average is $13.29. The stock’s market capitalization is $10.87 billion.
Marathon Oil Corporation (NYSE:MRO) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned ($0.23) EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.56%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.
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Marathon Oil Corporation Profile
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America 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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