American International Group Inc. lifted its stake in shares of Marathon Oil (NYSE:MRO) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 466,913 shares of the oil and gas producer’s stock after purchasing an additional 31,379 shares during the quarter. American International Group Inc. owned 0.05% of Marathon Oil worth $7,531,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of MRO. Cerebellum GP LLC purchased a new position in Marathon Oil during the fourth quarter worth about $117,000. Pin Oak Investment Advisors Inc. purchased a new position in Marathon Oil during the fourth quarter worth about $118,000. FTB Advisors Inc. grew its position in Marathon Oil by 49.8% during the fourth quarter. FTB Advisors Inc. now owns 8,080 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 2,687 shares in the last quarter. Dupont Capital Management Corp grew its position in Marathon Oil by 40.2% during the first quarter. Dupont Capital Management Corp now owns 9,859 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 2,829 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in Marathon Oil by 114.3% during the fourth quarter. Pinebridge Investments L.P. now owns 10,360 shares of the oil and gas producer’s stock worth $175,000 after buying an additional 5,526 shares in the last quarter. Institutional investors and hedge funds own 79.12% of the company’s stock.
In other news, insider Lee M. Tillman sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $21.65, for a total value of $8,660,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
Marathon Oil opened at $21.54 on Wednesday, according to MarketBeat Ratings. Marathon Oil has a 12-month low of $10.55 and a 12-month high of $22.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.52 and a quick ratio of 1.46. The stock has a market capitalization of $18.27 billion, a PE ratio of -56.68, a PEG ratio of 2.10 and a beta of 2.29.
Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Marathon Oil had a negative return on equity of 0.50% and a negative net margin of 7.56%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned ($0.07) EPS. The company’s revenue for the quarter was up 61.7% compared to the same quarter last year. equities research analysts expect that Marathon Oil will post 0.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Wednesday, May 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, May 15th. Marathon Oil’s dividend payout ratio (DPR) is presently -52.63%.
Several equities analysts recently commented on MRO shares. Zacks Investment Research cut Marathon Oil from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. JPMorgan Chase upgraded Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, March 26th. ValuEngine upgraded Marathon Oil from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 22nd. Wolfe Research cut Marathon Oil from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets restated a “hold” rating and set a $20.00 target price on shares of Marathon Oil in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.52.
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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