39,129 Shares in Marathon Oil Corporation (MRO) Purchased by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL acquired a new position in shares of Marathon Oil Corporation (NYSE:MRO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,129 shares of the oil and gas producer’s stock, valued at approximately $464,000.
A number of other institutional investors also recently bought and sold shares of the stock. First Allied Advisory Services Inc. increased its position in Marathon Oil Corporation by 4.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 33,154 shares of the oil and gas producer’s stock worth $396,000 after purchasing an additional 1,434 shares in the last quarter. Balyasny Asset Management LLC increased its position in Marathon Oil Corporation by 102.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 132,384 shares of the oil and gas producer’s stock worth $1,569,000 after purchasing an additional 66,996 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Marathon Oil Corporation during the 2nd quarter worth about $221,000. QS Investors LLC increased its position in Marathon Oil Corporation by 12.0% during the 2nd quarter. QS Investors LLC now owns 103,683 shares of the oil and gas producer’s stock worth $1,229,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Marathon Oil Corporation by 21.8% during the 2nd quarter. Stifel Financial Corp now owns 338,945 shares of the oil and gas producer’s stock worth $4,022,000 after purchasing an additional 60,563 shares in the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.
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Marathon Oil Corporation (NYSE:MRO) opened at 13.62 on Wednesday. The firm’s market capitalization is $11.57 billion. The stock has a 50 day moving average price of $12.27 and a 200 day moving average price of $13.06. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) EPS. Analysts predict that Marathon Oil Corporation will post ($0.46) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is -2.55%.
A number of research firms recently commented on MRO. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $17.00 to $14.00 in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) began coverage on Marathon Oil Corporation in a research report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price objective for the company. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Marathon Oil Corporation currently has a consensus rating of “Hold” and an average price target of $16.96.
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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