Valeo Financial Advisors LLC Invests $159,000 in Marathon Oil Co. (MRO) Stock
Valeo Financial Advisors LLC bought a new stake in shares of Marathon Oil Co. (NYSE:MRO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,724 shares of the oil and gas producer’s stock, valued at approximately $159,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp bought a new stake in Marathon Oil in the 2nd quarter worth approximately $122,000. Mackenzie Financial Corp bought a new stake in Marathon Oil in the third quarter worth $149,000. Zweig DiMenna Associates LLC bought a new stake in Marathon Oil in the second quarter worth $150,000. Glenview Trust Co boosted its holdings in Marathon Oil by 13.5% in the second quarter. Glenview Trust Co now owns 13,044 shares of the oil and gas producer’s stock worth $155,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Marathon Oil by 21.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,011 shares of the oil and gas producer’s stock valued at $166,000 after purchasing an additional 2,486 shares in the last quarter. 80.65% of the stock is owned by institutional investors.
A number of brokerages recently commented on MRO. Credit Suisse Group began coverage on Marathon Oil in a research note on Monday. They set an “outperform” rating and a $20.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil in a research note on Friday, October 6th. BidaskClub lowered Marathon Oil from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. BMO Capital Markets reissued a “hold” rating and set a $18.00 price target on shares of Marathon Oil in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Marathon Oil from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.75.
Shares of Marathon Oil Co. (MRO) traded up $0.02 during trading on Thursday, hitting $15.20. The company had a trading volume of 14,765,400 shares, compared to its average volume of 13,359,822. Marathon Oil Co. has a 1 year low of $10.55 and a 1 year high of $19.02. 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 (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business earned ($0.23) EPS. Marathon Oil’s quarterly revenue was up 26.5% on a year-over-year basis. analysts forecast that Marathon Oil Co. will post -0.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.
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Marathon Oil 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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