Marathon Oil Corporation (MRO) Position Boosted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. increased its stake in Marathon Oil Corporation (NYSE:MRO) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,645 shares of the oil and gas producer’s stock after acquiring an additional 15,600 shares during the quarter. Pictet Asset Management Ltd. owned about 0.06% of Marathon Oil Corporation worth $6,490,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Integrated Investment Consultants LLC increased its holdings in Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,287 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Marathon Oil Corporation in the second quarter worth approximately $122,000. JFS Wealth Advisors LLC increased its holdings in Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 2,693 shares in the last quarter. IBM Retirement Fund bought a new stake in Marathon Oil Corporation in the second quarter worth approximately $149,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Marathon Oil Corporation in the second quarter worth approximately $150,000. 81.22% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on MRO. Citigroup Inc. downgraded Marathon Oil Corporation from a “buy” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research downgraded Marathon Oil Corporation from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil Corporation in a report on Tuesday. Jefferies Group LLC boosted their price objective on Marathon Oil Corporation from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Societe Generale upgraded Marathon Oil Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.34.
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Marathon Oil Corporation (MRO) opened at $15.78 on Friday. Marathon Oil Corporation has a 1 year low of $10.55 and a 1 year high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.
Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. equities research analysts anticipate that Marathon Oil Corporation will post -0.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. Marathon Oil Corporation’s payout ratio is -2.40%.
Marathon Oil Corporation Company 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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