Marathon Oil Corporation (MRO) Holdings Trimmed by Mitchell Group Inc.
Mitchell Group Inc. lowered its stake in Marathon Oil Corporation (NYSE:MRO) by 25.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,939,980 shares of the oil and gas producer’s stock after selling 670,000 shares during the period. Marathon Oil Corporation makes up 4.2% of Mitchell Group Inc.’s holdings, making the stock its 10th biggest holding. Mitchell Group Inc. owned 0.23% of Marathon Oil Corporation worth $26,306,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after purchasing an additional 1,341,589 shares during the period. Buckingham Asset Management LLC acquired a new stake in Marathon Oil Corporation in the second quarter valued at about $173,000. Dupont Capital Management Corp acquired a new stake in Marathon Oil Corporation in the second quarter valued at about $122,000. Airain ltd boosted its stake in Marathon Oil Corporation by 16.0% in the second quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock valued at $6,421,000 after buying an additional 74,586 shares in the last quarter. Finally, Wealthfront Inc. boosted its stake in Marathon Oil Corporation by 316.1% in the second quarter. Wealthfront Inc. now owns 77,055 shares of the oil and gas producer’s stock valued at $913,000 after buying an additional 58,536 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.
Several research firms recently weighed in on MRO. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil Corporation in a research note on Tuesday, November 7th. Barclays PLC raised their price objective on Marathon Oil Corporation from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the company a “buy” rating in a research note on Wednesday, October 4th. Citigroup Inc. lowered Marathon Oil Corporation from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Thursday, November 9th. Finally, Stifel Nicolaus set a $10.00 price target on Marathon Oil Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.42.
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Shares of Marathon Oil Corporation (MRO) traded down $0.09 during midday trading on Tuesday, hitting $14.38. The stock had a trading volume of 6,490,055 shares, compared to its average volume of 13,426,301. Marathon Oil Corporation has a 1 year low of $10.55 and a 1 year high of $19.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09.
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. research analysts expect that Marathon Oil Corporation will post -0.39 EPS for the current fiscal 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 of this dividend is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Marathon Oil Corporation’s payout ratio is -7.81%.
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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