Mitsubishi UFJ Trust & Banking Corp trimmed its position in Marathon Oil Co. (NYSE:MRO) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,685,736 shares of the oil and gas producer’s stock after selling 14,960 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Marathon Oil worth $22,859,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in shares of Marathon Oil in the 2nd quarter worth $122,000. Zweig DiMenna Associates LLC bought a new position in shares of Marathon Oil in the 2nd quarter worth $150,000. Glenview Trust Co boosted its position in shares of Marathon Oil by 13.5% in the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 1,550 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Marathon Oil by 21.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock worth $166,000 after purchasing an additional 2,486 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in shares of Marathon Oil by 1.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.
Marathon Oil Co. (NYSE:MRO) traded down $0.43 on Thursday, hitting $14.45. The company’s stock had a trading volume of 10,756,600 shares, compared to its average volume of 13,420,865. Marathon Oil Co. 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 (NYSE:MRO) last released its earnings results 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. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) earnings per share. analysts expect that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s dividend payout ratio is currently -2.40%.
Several research analysts have recently issued reports on MRO shares. Piper Jaffray Companies set a $20.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Friday, August 25th. KLR Group reiterated a “buy” rating and set a $23.00 target price (up from $21.00) on shares of Marathon Oil in a report on Wednesday, August 9th. Scotiabank set a $19.00 target price on Marathon Oil and gave the stock a “buy” rating in a report on Wednesday, October 4th. Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Jefferies Group lifted their target price on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Friday, November 3rd. Three 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.90.
Marathon Oil 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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