North Star Investment Management Corp. maintained its stake in shares of Marathon Oil Corporation (NYSE:MRO) during the second quarter, according to its most recent filing with the SEC. The fund owned 9,000 shares of the oil and gas producer’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in Marathon Oil Corporation were worth $107,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. National Pension Service acquired a new position in shares of Marathon Oil Corporation during the first quarter valued at $12,622,000. Gulf International Bank UK Ltd boosted its position in shares of Marathon Oil Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 261,245 shares of the oil and gas producer’s stock valued at $4,127,000 after buying an additional 3,900 shares during the last quarter. Creative Planning boosted its position in Marathon Oil Corporation by 169.0% in the first quarter. Creative Planning now owns 140,117 shares of the oil and gas producer’s stock valued at $2,214,000 after buying an additional 88,026 shares in the last quarter. Raymond James Trust N.A. boosted its position in Marathon Oil Corporation by 2.8% in the first quarter. Raymond James Trust N.A. now owns 35,353 shares of the oil and gas producer’s stock valued at $559,000 after buying an additional 947 shares in the last quarter. Finally, New England Research & Management Inc. boosted its position in Marathon Oil Corporation by 32.8% in the first quarter. New England Research & Management Inc. now owns 20,850 shares of the oil and gas producer’s stock valued at $329,000 after buying an additional 5,150 shares in the last quarter. Institutional investors own 81.28% of the company’s stock.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at 12.20 on Thursday. The stock’s market cap is $10.37 billion. The firm has a 50-day moving average of $11.89 and a 200-day moving average of $14.34. Marathon Oil Corporation has a one year low of $11.20 and a one year high of $19.28. Marathon Oil Corporation also saw some unusual options trading on Monday. Stock traders bought 1,294 call options on the company. This is an increase of approximately 127% compared to the typical volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business posted ($0.23) EPS. Marathon Oil Corporation’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Marathon Oil Corporation will post ($0.40) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is presently -2.55%.
MRO has been the subject of several research analyst reports. FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Marathon Oil Corporation in a research note on Monday, May 15th. Scotiabank set a $21.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Wednesday, July 5th. Vetr lowered shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target for the company. in a research report on Monday. Finally, KLR Group restated a “buy” rating and set a $23.00 price target (up from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.30.
Marathon Oil Corporation Company 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.
Receive News & Ratings for Marathon Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
