Marathon Oil Corporation (MRO) Shares Bought by Flinton Capital Management LLC

Flinton Capital Management LLC grew its holdings in Marathon Oil Corporation (NYSE:MRO) by 21.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 42,868 shares of the oil and gas producer’s stock after buying an additional 7,476 shares during the quarter. Flinton Capital Management LLC’s holdings in Marathon Oil Corporation were worth $508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Marathon Oil Corporation by 4,827.5% in the 1st quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in Marathon Oil Corporation by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after buying an additional 1,905 shares during the period. JPMorgan Chase & Co. lifted its holdings in Marathon Oil Corporation by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after buying an additional 1,341,589 shares during the period. Buckingham Asset Management LLC purchased a new stake in Marathon Oil Corporation in the 2nd quarter worth approximately $173,000. Finally, Dupont Capital Management Corp purchased a new stake in Marathon Oil Corporation in the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 80.98% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 13.62 on Wednesday. The stock’s market capitalization is $11.57 billion. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.06.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) earnings per share. Analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, August 14th. Marathon Oil Corporation’s payout ratio is presently -2.55%.

Several research firms have weighed in on MRO. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Wednesday, October 4th. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil Corporation in a report on Friday, October 6th. BMO Capital Markets set a $17.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $16.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Marathon Oil Corporation presently has a consensus rating of “Hold” and an average target price of $16.96.

WARNING: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/marathon-oil-corporat

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Marathon Oil Corporation by 4,827.5% in the 1st quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock worth $1,693,396,000 after buying an additional 105,001,815 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in Marathon Oil Corporation by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after buying an additional 1,905 shares during the period. JPMorgan Chase & Co. lifted its holdings in Marathon Oil Corporation by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after buying an additional 1,341,589 shares during the period. Buckingham Asset Management LLC purchased a new stake in Marathon Oil Corporation in the 2nd quarter worth approximately $173,000. Finally, Dupont Capital Management Corp purchased a new stake in Marathon Oil Corporation in the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 80.98% of the company’s stock.

Shares of Marathon Oil Corporation (MRO) opened at 13.62 on Wednesday. The stock’s market capitalization is $11.57 billion. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.06.

Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) earnings per share. Analysts expect that Marathon Oil Corporation will post ($0.46) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, August 14th. Marathon Oil Corporation’s payout ratio is presently -2.55%.

Several research firms have weighed in on MRO. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a report on Wednesday, October 4th. Stifel Nicolaus set a $10.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil Corporation in a report on Friday, October 6th. BMO Capital Markets set a $17.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $16.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Marathon Oil Corporation presently has a consensus rating of “Hold” and an average target price of $16.96.

WARNING: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/marathon-oil-corporation-mro-shares-bought-by-flinton-capital-management-llc.html.

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.

Want to see what other hedge funds are holding MRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Oil Corporation (NYSE:MRO).

Institutional Ownership by Quarter for Marathon Oil Corporation (NYSE:MRO)

Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply