Commonwealth Equity Services Inc Has $2.50 Million Holdings in Marathon Oil Corporation (MRO)
Commonwealth Equity Services Inc raised its holdings in Marathon Oil Corporation (NYSE:MRO) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,533 shares of the oil and gas producer’s stock after acquiring an additional 20,912 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Marathon Oil Corporation were worth $2,502,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in Marathon Oil Corporation in the second quarter valued at approximately $122,000. JFS Wealth Advisors LLC lifted its stake in Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 2,693 shares during the last quarter. IBM Retirement Fund acquired a new stake in Marathon Oil Corporation in the second quarter valued at approximately $149,000. Zweig DiMenna Associates LLC acquired a new stake in Marathon Oil Corporation in the second quarter valued at approximately $150,000. Finally, Glenview Trust Co lifted its stake in Marathon Oil Corporation by 13.5% in the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Shares of Marathon Oil Corporation (MRO) opened at $14.88 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Marathon Oil Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.23) EPS. sell-side analysts expect that Marathon Oil Corporation will post -0.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.40%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, October 19th. Royal Bank Of Canada set a $16.00 price objective on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Scotiabank restated a “buy” rating and issued a $19.00 price objective on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. Finally, Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. Marathon Oil Corporation presently has a consensus rating of “Hold” and an average target price of $17.42.
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About Marathon Oil Corporation
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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