Marathon Oil Corporation (MRO) Holdings Trimmed by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale lessened its position in shares of Marathon Oil Corporation (NYSE:MRO) by 24.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 349,457 shares of the oil and gas producer’s stock after selling 116,155 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Marathon Oil Corporation were worth $3,953,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in Marathon Oil Corporation during the 2nd quarter valued at approximately $122,000. JFS Wealth Advisors LLC increased its position in Marathon Oil Corporation by 27.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 2,693 shares during the period. IBM Retirement Fund acquired a new stake in Marathon Oil Corporation during the 2nd quarter valued at approximately $149,000. Zweig DiMenna Associates LLC acquired a new stake in Marathon Oil Corporation during the 2nd quarter valued at approximately $150,000. Finally, Glenview Trust Co increased its position in Marathon Oil Corporation by 13.5% during the 2nd quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock valued at $155,000 after purchasing an additional 1,550 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on MRO. KLR Group reissued a “buy” rating and set a $23.00 target price (up previously from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Barclays PLC raised their price objective on shares of Marathon Oil Corporation from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday. Scotiabank reaffirmed a “buy” rating and set a $19.00 price objective on shares of Marathon Oil Corporation in a research report on Thursday, August 3rd. Vetr downgraded 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 report on Monday, August 7th. Finally, BidaskClub downgraded shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.42.
Marathon Oil Corporation (NYSE:MRO) opened at $14.59 on Tuesday. 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 52 week low of $10.55 and a 52 week high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative return on equity of 3.02% and a negative net margin of 148.07%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was up 26.5% on a year-over-year basis. equities analysts predict that Marathon Oil Corporation will post -0.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -7.81%.
Marathon Oil Corporation 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.
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