Private Advisor Group LLC lessened its stake in Marathon Oil Corporation (NYSE:MRO) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,979 shares of the oil and gas producer’s stock after selling 377 shares during the quarter. Private Advisor Group LLC’s holdings in Marathon Oil Corporation were worth $184,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC raised its stake in shares of Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,287 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter valued at about $122,000. JFS Wealth Advisors LLC raised its stake in shares of Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares in the last quarter. IBM Retirement Fund acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter valued at about $149,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Marathon Oil Corporation in the 2nd quarter valued at about $150,000. Institutional investors and hedge funds own 80.98% of the company’s stock.
A number of equities research analysts have recently issued reports on MRO shares. Citigroup Inc. cut their target price on shares of Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Barclays PLC set a $11.00 target price on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) started coverage on shares of Marathon Oil Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $16.00 target price on the stock. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.33.
Marathon Oil Corporation (NYSE:MRO) opened at 12.79 on Friday. The firm has a 50-day moving average of $11.58 and a 200 day moving average of $13.29. The company’s market cap is $10.87 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned ($0.23) earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is currently -2.55%.
About Marathon Oil Corporation
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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