Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Marathon Oil Co. (NYSE:MRO) by 26.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,648 shares of the oil and gas producer’s stock after acquiring an additional 28,838 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marathon Oil were worth $1,956,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of MRO. Dimensional Fund Advisors LP raised its stake in shares of Marathon Oil by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,926,029 shares of the oil and gas producer’s stock worth $171,011,000 after buying an additional 1,328,679 shares during the period. Geode Capital Management LLC grew its holdings in Marathon Oil by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 12,204,959 shares of the oil and gas producer’s stock valued at $174,746,000 after buying an additional 1,111,769 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Marathon Oil during the 1st quarter valued at approximately $933,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Marathon Oil by 139.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,367 shares of the oil and gas producer’s stock valued at $808,000 after buying an additional 28,130 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Marathon Oil in the 1st quarter worth approximately $2,608,000. Institutional investors and hedge funds own 84.31% of the company’s stock.
MRO has been the subject of a number of recent research reports. Seaport Global Securities reiterated a “buy” rating on shares of Marathon Oil in a report on Friday, June 21st. Atlantic Securities cut Marathon Oil from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $20.50 to $15.00 in a report on Thursday, June 13th. Evercore ISI set a $21.00 target price on Marathon Oil and gave the stock a “hold” rating in a report on Wednesday, August 7th. TheStreet cut Marathon Oil from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. Finally, Capital One Financial upgraded Marathon Oil from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.06.Shares of NYSE MRO traded down $0.09 during midday trading on Friday, reaching $12.45. 11,457,712 shares of the company were exchanged, compared to its average volume of 9,887,042. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. Marathon Oil Co. has a 1 year low of $11.39 and a 1 year high of $24.20. The stock has a market cap of $10.08 billion, a P/E ratio of 17.54, a PEG ratio of 2.27 and a beta of 2.27. The stock has a fifty day simple moving average of $12.73 and a 200 day simple moving average of $14.91.
Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.12. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.36 billion. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. Marathon Oil’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. As a group, analysts forecast that Marathon Oil Co. will post 0.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. Marathon Oil’s dividend payout ratio is presently 28.17%.
Marathon Oil Company Profile
Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.
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