BB&T Corp lowered its position in shares of Marathon Oil Corporation (NYSE:MRO) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,490 shares of the oil and gas producer’s stock after selling 1,240 shares during the period. BB&T Corp’s holdings in Marathon Oil Corporation were worth $373,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Marathon Oil Corporation during the first quarter worth approximately $103,000. Integrated Investment Consultants LLC boosted its stake in Marathon Oil Corporation by 33.8% in the second 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 period. Exane Derivatives boosted its stake in Marathon Oil Corporation by 38.9% in the first quarter. Exane Derivatives now owns 9,907 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 2,775 shares during the period. Klingenstein Fields & Co. LLC boosted its stake in shares of Marathon Oil Corporation by 0.8% in the first quarter. Klingenstein Fields & Co. LLC now owns 10,083 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 83 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Marathon Oil Corporation during the first quarter worth approximately $161,000. Institutional investors own 80.22% of the company’s stock.
Marathon Oil Corporation (MRO) traded up 0.46% during trading on Friday, hitting $10.87. The company’s stock had a trading volume of 28,729,837 shares. The firm’s market cap is $9.24 billion. The company has a 50-day moving average of $11.87 and a 200 day moving average of $14.06. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.
Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company posted ($0.23) EPS. Marathon Oil Corporation’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Marathon Oil Corporation will post ($0.45) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. Marathon Oil Corporation’s dividend payout ratio (DPR) is -2.55%.
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A number of analysts have commented on the company. Scotiabank set a $21.00 price target on Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Saturday, May 6th. Morgan Stanley upgraded Marathon Oil Corporation from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $14.00 in a research report on Wednesday, June 21st. Jefferies Group LLC set a $16.00 price objective on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Saturday, June 24th. KLR Group restated a “buy” rating and set a $23.00 price objective (up from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Friday. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.30.
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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