First Republic Investment Management Inc. lifted its stake in shares of Marathon Oil Co. (NYSE:MRO) by 63.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,114 shares of the oil and gas producer’s stock after buying an additional 13,991 shares during the quarter. First Republic Investment Management Inc.’s holdings in Marathon Oil were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its position in Marathon Oil by 10.7% during the second quarter. LS Investment Advisors LLC now owns 31,459 shares of the oil and gas producer’s stock valued at $447,000 after purchasing an additional 3,035 shares during the period. 9258 Wealth Management LLC increased its stake in shares of Marathon Oil by 14.7% in the second quarter. 9258 Wealth Management LLC now owns 44,379 shares of the oil and gas producer’s stock worth $631,000 after purchasing an additional 5,697 shares in the last quarter. Commerce Bank increased its stake in shares of Marathon Oil by 3.9% in the second quarter. Commerce Bank now owns 38,243 shares of the oil and gas producer’s stock worth $544,000 after purchasing an additional 1,429 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Marathon Oil by 232.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,005,143 shares of the oil and gas producer’s stock valued at $14,283,000 after acquiring an additional 702,418 shares in the last quarter. Finally, Motco purchased a new position in Marathon Oil during the second quarter valued at $74,000. Institutional investors own 82.92% of the company’s stock.
NYSE:MRO traded up $0.12 during mid-day trading on Friday, hitting $12.70. The stock had a trading volume of 7,711,390 shares, compared to its average volume of 11,388,479. The stock has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $14.81. The company has a market capitalization of $10.32 billion, a PE ratio of 17.89, a PEG ratio of 2.32 and a beta of 2.27. Marathon Oil Co. has a twelve month low of $11.39 and a twelve month high of $24.20. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41.
Marathon Oil (NYSE:MRO) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. Marathon Oil had a net margin of 16.15% and a return on equity of 6.32%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Marathon Oil Co. will post 0.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Tuesday, August 20th. Marathon Oil’s dividend payout ratio is presently 28.17%.
Several equities analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Marathon Oil from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Capital One Financial raised shares of Marathon Oil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Wells Fargo & Co decreased their price objective on shares of Marathon Oil from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. ValuEngine upgraded shares of Marathon Oil from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, TheStreet cut shares of Marathon Oil from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.06.
Marathon Oil Company Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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