Candriam Luxembourg S.C.A. cut its stake in shares of Marathon Oil Corp. (NYSE:MRO) by 45.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,038 shares of the company’s stock after selling 30,115 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Marathon Oil Corp. were worth $541,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MRO. Integrated Investment Consultants LLC raised its position in shares of Marathon Oil Corp. by 46.0% in the second quarter. Integrated Investment Consultants LLC now owns 7,092 shares of the company’s stock valued at $106,000 after buying an additional 2,234 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Marathon Oil Corp. during the first quarter valued at approximately $145,000. JFS Wealth Advisors LLC raised its position in shares of Marathon Oil Corp. by 49.1% in the second quarter. JFS Wealth Advisors LLC now owns 10,107 shares of the company’s stock valued at $152,000 after buying an additional 3,328 shares during the period. Boston Advisors LLC acquired a new position in shares of Marathon Oil Corp. during the second quarter valued at approximately $163,000. Finally, Advisor Partners LLC raised its position in shares of Marathon Oil Corp. by 42.7% in the first quarter. Advisor Partners LLC now owns 16,379 shares of the company’s stock valued at $182,000 after buying an additional 4,905 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.
Marathon Oil Corp. (NYSE:MRO) traded up 1.03% on Monday, hitting $15.72. The stock had a trading volume of 10,551,700 shares. The company’s 50 day moving average is $15.34 and its 200 day moving average is $13.92. The firm’s market cap is $13.32 billion. Marathon Oil Corp. has a 12-month low of $6.52 and a 12-month high of $20.09.
Marathon Oil Corp. (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.05. Marathon Oil Corp. had a negative return on equity of 5.07% and a negative net margin of 43.87%. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, equities research analysts expect that Marathon Oil Corp. will post ($0.98) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, August 15th. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -6.58%.
Several brokerages have recently commented on MRO. Capital One Financial Corp. raised Marathon Oil Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $17.00 in a research note on Tuesday, June 21st. Bank of America Corp. raised Marathon Oil Corp. from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.90 to $21.00 in a research note on Tuesday, August 16th. Royal Bank Of Canada upped their price target on Marathon Oil Corp. from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, July 8th. Citigroup Inc. raised Marathon Oil Corp. to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Thursday, July 7th. Finally, Zacks Investment Research raised Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.83.
Marathon Oil Corp. Company Profile
Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. 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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