Marathon Oil Corporation (MRO) Shares Bought by Norinchukin Bank The
Norinchukin Bank The increased its stake in Marathon Oil Corporation (NYSE:MRO) by 7.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 58,985 shares of the oil and gas producer’s stock after buying an additional 3,933 shares during the quarter. Norinchukin Bank The’s holdings in Marathon Oil Corporation were worth $699,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MRO. Integrated Investment Consultants LLC boosted its holdings in shares of Marathon Oil Corporation by 33.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Marathon Oil Corporation in the 2nd quarter worth about $122,000. JFS Wealth Advisors LLC boosted its holdings in shares of Marathon Oil Corporation by 27.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the last quarter. IBM Retirement Fund purchased a new position in shares of Marathon Oil Corporation in the 2nd quarter worth about $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Marathon Oil Corporation in the 2nd quarter worth about $150,000. 80.98% of the stock is currently owned by institutional investors.
Marathon Oil Corporation (NYSE:MRO) opened at 12.00 on Wednesday. The company’s market capitalization is $10.20 billion. Marathon Oil Corporation has a 52-week low of $10.55 and a 52-week high of $19.28. The company has a 50 day moving average of $11.58 and a 200 day moving average of $13.29. Marathon Oil Corporation also was the recipient of some unusual options trading on Monday. Traders acquired 1,294 call options on the company. This is an increase of 127% compared to the typical daily volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil Corporation will post ($0.46) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.
A number of equities analysts recently weighed in on the stock. FBR & Co reissued a “buy” rating and issued a $20.00 price target on shares of Marathon Oil Corporation in a report on Tuesday, May 23rd. Morgan Stanley raised shares of Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Marathon Oil Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price objective on the stock. Piper Jaffray Companies set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC set a $16.00 price objective on shares of Marathon Oil Corporation and gave the company a “hold” rating in a report on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.33.
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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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