Hartree Partners LP bought a new position in shares of Marathon Oil Co. (NYSE:MRO) in the 1st quarter, Holdings Channel reports. The fund bought 120,000 shares of the oil and gas producer’s stock, valued at approximately $2,005,000. Marathon Oil comprises approximately 2.0% of Hartree Partners LP’s investment portfolio, making the stock its 15th largest holding.
Several other large investors have also bought and sold shares of MRO. Legacy Financial Advisors Inc. purchased a new position in Marathon Oil in the fourth quarter valued at about $25,000. Executive Wealth Management LLC purchased a new position in Marathon Oil in the fourth quarter valued at about $27,000. Osborn Williams & Donohoe LLC purchased a new position in Marathon Oil in the first quarter valued at about $34,000. JNBA Financial Advisors purchased a new position in Marathon Oil in the fourth quarter valued at about $29,000. Finally, Moody National Bank Trust Division boosted its stake in Marathon Oil by 148.7% in the first quarter. Moody National Bank Trust Division now owns 2,873 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 1,718 shares during the last quarter. 83.27% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Morgan Stanley set a $19.00 target price on shares of Marathon Oil and gave the company a “hold” rating in a research note on Wednesday, May 8th. ValuEngine cut shares of Marathon Oil from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Marathon Oil from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Royal Bank of Canada upgraded shares of Marathon Oil from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $22.00 to $23.00 in a research note on Tuesday, April 16th. Finally, Barclays dropped their price target on shares of Marathon Oil from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Marathon Oil presently has an average rating of “Buy” and an average price target of $23.20.
Shares of NYSE:MRO traded down $0.07 during trading on Wednesday, reaching $15.39. The company had a trading volume of 66,334 shares, compared to its average volume of 12,050,022. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.63 and a beta of 2.23. Marathon Oil Co. has a 12 month low of $12.57 and a 12 month high of $24.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.45.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.24. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, equities research analysts expect that Marathon Oil Co. will post 0.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, May 14th. Marathon Oil’s payout ratio is 28.17%.
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About Marathon Oil
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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