Aspiriant LLC bought a new position in shares of Marathon Oil (NYSE:MRO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,083 shares of the oil and gas producer’s stock, valued at approximately $324,000.
Other large investors also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in Marathon Oil during the 4th quarter worth $117,000. Pin Oak Investment Advisors Inc. bought a new position in Marathon Oil during the 4th quarter worth $118,000. FTB Advisors Inc. raised its position in Marathon Oil by 49.8% during the 4th quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after purchasing an additional 2,687 shares during the last quarter. Dupont Capital Management Corp raised its position in Marathon Oil by 40.2% during the 1st quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock worth $159,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its position in Marathon Oil by 114.3% during the 4th quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock worth $175,000 after purchasing an additional 5,526 shares during the last quarter. 81.14% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the company. ValuEngine raised Marathon Oil from a “hold” rating to a “buy” rating in a research report on Monday. Stifel Nicolaus set a $18.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research report on Monday, April 23rd. Royal Bank of Canada set a $21.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research report on Friday, April 13th. JPMorgan Chase raised Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, March 26th. Finally, UBS assumed coverage on Marathon Oil in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.52.
Shares of MRO opened at $21.65 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. Marathon Oil has a one year low of $21.01 and a one year high of $21.32.
Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.36 billion. Marathon Oil had a negative return on equity of 0.50% and a negative net margin of 7.56%. The company’s quarterly revenue was up 61.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. analysts anticipate that Marathon Oil will post 0.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. Marathon Oil’s dividend payout ratio (DPR) is currently -52.63%.
Marathon Oil 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 E&P and International E&P. 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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