First Trust Advisors LP Boosts Stake in Marathon Oil Corporation (MRO)
First Trust Advisors LP raised its stake in Marathon Oil Corporation (NYSE:MRO) by 15.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 399,372 shares of the oil and gas producer’s stock after acquiring an additional 53,405 shares during the quarter. First Trust Advisors LP’s holdings in Marathon Oil Corporation were worth $5,415,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after acquiring an additional 1,905 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after acquiring an additional 1,341,589 shares during the last quarter. Buckingham Asset Management LLC bought a new position in shares of Marathon Oil Corporation in the second quarter worth about $173,000. Dupont Capital Management Corp bought a new position in shares of Marathon Oil Corporation in the second quarter worth about $122,000. Finally, Airain ltd lifted its holdings in shares of Marathon Oil Corporation by 16.0% in the second quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock worth $6,421,000 after acquiring an additional 74,586 shares during the last quarter. 79.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at $14.52 on Friday. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) EPS. equities analysts forecast that Marathon Oil Corporation will post -0.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is -2.40%.
MRO has been the subject of a number of research reports. Zacks Investment Research raised shares of Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 target price on shares of Marathon Oil Corporation in a report on Thursday, October 19th. Royal Bank Of Canada set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Wednesday, October 11th. Scotiabank reiterated a “buy” rating and issued a $19.00 price objective on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. Finally, Vetr lowered 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 report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.34.
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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