Flossbach Von Storch AG raised its position in Marathon Oil Corporation (NYSE:MRO) by 111.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,046,100 shares of the oil and gas producer’s stock after buying an additional 551,100 shares during the period. Flossbach Von Storch AG owned 0.12% of Marathon Oil Corporation worth $12,396,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of MRO. Harbour Capital Advisors LLC increased its position in Marathon Oil Corporation by 724.3% in the second quarter. Harbour Capital Advisors LLC now owns 23,700 shares of the oil and gas producer’s stock worth $2,000,000 after buying an additional 20,825 shares during the last quarter. IBM Retirement Fund purchased a new position in shares of Marathon Oil Corporation during the second quarter valued at $149,000. NGAM Advisors L.P. increased its position in shares of Marathon Oil Corporation by 8.2% in the second quarter. NGAM Advisors L.P. now owns 239,799 shares of the oil and gas producer’s stock valued at $2,842,000 after buying an additional 18,201 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Marathon Oil Corporation by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 74,802 shares of the oil and gas producer’s stock valued at $886,000 after buying an additional 3,152 shares in the last quarter. Finally, Eastern Bank increased its position in shares of Marathon Oil Corporation by 0.6% in the second quarter. Eastern Bank now owns 21,454 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 135 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.
Marathon Oil Corporation (NYSE:MRO) traded up 0.46% during mid-day trading on Friday, hitting $10.87. 28,729,837 shares of the company’s stock traded hands. The stock’s market cap is $9.24 billion. The firm’s 50-day moving average price is $11.87 and its 200-day moving average price is $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 quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. On average, analysts forecast that Marathon Oil Corporation will post ($0.45) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s payout ratio is presently -2.55%.
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Several equities analysts have weighed in on the stock. Jefferies Group LLC downgraded shares of Marathon Oil Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $16.00 in a report on Wednesday, May 17th. FBR & Co reaffirmed a “buy” rating and set 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 lowered their price target for the company from $17.00 to $14.00 in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Marathon Oil Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Barclays PLC reaffirmed a “hold” rating and set a $15.00 price target (down previously from $17.00) on shares of Marathon Oil Corporation in a report on Thursday, April 20th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the 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.
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